Tag: cbdt
New Income Tax Rules 2026 likely to be notified in first week of March: CBDT sources
The draft rules and forms will remain in the public domain for 15 days, until February 22, 2026. The Income Tax Department had invited stakeholders…
Draft income tax rules released, stakeholder feedback invited
New Delhi: The Central Board of Direct Taxes (CBDT) on Saturday released draft Income-tax Rules and forms for 2026, inviting public and stakeholder feedback ahead…
CBDT chief says 88 per cent of individual taxpayers have opted for new tax regime
New Delhi: As many as 88 per cent of individual taxpayers have moved to the new tax regime and the government is not thinking of…
Budget 2026: Tax reforms mark shift to trust-based regime, says CBDT chief
NEW DELHI: The direct tax reforms announced in the budget are aimed at preparing the ground for a new trust-based tax regime with new Income…
Over 15 lakh revised ITRs filed for current AY: CBDT
New Delhi, Over 15 lakh taxpayers have filed a revised return for the current assessment year 2025-26, the income tax department said on Tuesday. The…
India ‘strong champion’ of measures against offshore tax evasion: OECD official
New Delhi: India is a “strong champion” in implementing transparency measures against offshore tax evasion and its recent campaign asking taxpayers to correctly report their…
CBDT retains tolerance level of transfer pricing at 1% for AY 2025-26
The Central Board of Direct Taxes (CBDT) has retained the tolerance range for transfer pricing at 1% for wholesale trading and 3% for other transactions…
Niti Aayog moves to simplify tax for foreign firms
NITI Aayog has proposed a simplified and optional presumptive tax scheme for permanent establishments in India, aimed at reducing discretion and litigation, simplifying compliances and…
Office of CAG signs MoU with CBDT to enhance operational effectiveness
The Office of the Comptroller and Auditor General of India and the Central Board of Direct Taxes (CBDT) have entered into a Memorandum of Understanding…