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CBDT, via Circular No. 10/2025, has allowed the reprocessing of e-filed income tax returns (ITRs) that were mistakenly treated as invalid by the CPC in Bengaluru. The CBDT has used its officials under section 119 of the Income-tax Act, 1961, to relax the time limit specified in Section 143(1). The same move has arrived to […]
Now, the behaviour of the taxpayer can be tracked by the income tax department with its new system employing artificial intelligence (AI) that monitors online portal visits, flagging high-value transactions, and filtering out Permanent Account Numbers (PANs) linked to suspicious claims, Central Board of Direct Taxes (CBDT) Chairman Ravi Agrawal cited. The goal is to […]
A fresh circular no.9/2025 has been issued by the Central Board of Direct Taxes (CBDT), altering the earlier norms on the outcomes of Permanent Account Number (PAN) becoming inoperative under Rule 114AAA of the Income-tax Rules, 1962. The tax deductors and collectors who are facing the notices for the short deduction or collection of TDS/TCS […]
The Income Tax Department has made a key development for the current assessment year 2025–26, enabling the revised Tax Audit Forms 3CA-3CD and 3CB-3CD on its official e-filing portal. The same move has complied with the recent revisions to the income tax rules and aims to ensure facilitated, error-free tax audit compliance for both taxpayers […]
The Excel-based offline filing tools for ITR-2 and ITR-3 for AY 2025-26 have been launched by the Income Tax Department, indicating that the return filing process for the financial year 2024-25 is underway. The Excel utilities downloadable tools are designed for offline use, allowing taxpayers to fill out their income tax returns in Microsoft Excel, […]
Circular No. 8/2025 dated July 1, 2025, has been issued via the Central Board of Direct Taxes (CBDT) to explain concerns of field officers for the exemption of interest under Sections 201(1A)(ii) and 206C(7) of the Income-tax Act, 1961, as initially addressed in its earlier Circular No. 5/2025 dated March 28, 2025. The clarification answers […]
The re-appointment of Shri Ravi Agrawal, IRS (IT:88028), as the Chairman of the Central Board of Direct Taxes (CBDT) has been approved by the Appointments Committee of the Cabinet (ACC). The appointment is on a contractual basis for a period of one year, from July 1, 2025, to June 30, 2026, or until further notice, […]
Circular No. 07/2025 has been issued by the Central Board of Direct Taxes (CBDT) that grants relief to the taxpayers whose income tax returns were filed late, though accepted under the condonation of the delay provisions. The same has emerged when issues were raised for the non-processing of these returns, which results in delayed refunds. […]
For processing pending returns filed under section 139 of the Income Tax Act, 1961, for the assessment year 2023–24 (AY 2023–24), the Central Board of Direct Taxes (CBDT) has authorised additional time. This may result in long-awaited refunds or income tax demand notices being issued to taxpayers over the coming months. What Has CBDT Mentioned? […]
