Under the 2nd NUDGE initiative, CBDT will send SMSs and emails from 28th November 2025 to identified taxpayers with advice to voluntarily review and revise their returns on or before 31st December 2025 to avoid penal consequences
The Appointments Committee of the Cabinet has approved the appointment of four senior Indian Revenue Service (IRS) officers as Members of the Central Board of Direct Taxes (CBDT), according to an official order issued yesterday.
The tax departments have withdrawn 6,599 appeals filed before tribunals, High Courts and the Supreme Court following enhancement of monetary limits for filing such cases, Parliament was informed on Monday.
The Central Board of Direct Taxes (CBDT) is set to enhance its operations in 2025 by adopting a so-called ‘PRUDENT’ approach, as highlighted by chairman Ravi Agrawal in his end-of-year address to the Income Tax Department.
The deadline for determining the payable amount under the Direct Tax Vivad Se Vishwas Scheme 2024 has been extended by the Central Board of Direct Taxes (CBDT). Taxpayers now have until January 31, 2025, to submit their declarations and resolve disputes at reduced tax rates. Effective February 1, 2025, individuals participating in the scheme will be required to pay additional fees based on updated rates.
In the year 2024, the Central Board of Direct Taxes (CBDT) and Central Board of Indirect taxes and Customs (CBIC), under the Department of Revenue, Ministry of Finance, have continued their citizen centric initiatives, driving significant reforms to enhance taxpayer experience…
The income tax department said it is sending SMS and emails to taxpayers and non-filers where it has identified mismatch between transactions reported in Annual Information Statement (AIS) and income disclosed in ITRs for the financial years 2023-24 and 2021-22.
As many as two lakh Income Tax Returns (ITRs) containing details of foreign assets and income have been filed during the current assessment year till now, according to the tax department which urged Indian residents for tax purposes to ensure they file the right form and revise their returns if they submitted the wrong form.
The government will exceed the Rs 22.07 trillion direct tax collection target set for the current fiscal, Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal said on Monday.
The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in accurately completing the Schedule Foreign Assets (Schedule FA) and reporting income from foreign sources (Schedule FSI) in their Income Tax Returns (ITR).
