Tag: cbdt
India’s direct tax body notifies Cost Inflation Index for this fiscal year
India‘s direct tax body has notified the Cost Inflation Index (CII), a tool to measure the rise in cost due to inflation, for fiscal year…
Foreign tax data to be included in Form 26AS
New Delhi: The Central Board of Direct Taxes (CBDT) has directed that financial account information received from overseas tax authorities be included in taxpayers’ Form…
CBDT exempts NCCL settlement fund from tax
New Delhi: The Central Board of Direct Taxes (CBDT) has granted income-tax exemption to the Core Settlement Guarantee Fund (CSGF) maintained by National Commodity Clearing…
CBDT tells tax officers to tighten scrutiny of unexplained income, assets
New Delhi: The Central Board of Direct Taxes (CBDT) has instructed assessing officers to exercise greater diligence and consistency in invoking anti-evasion provisions relating to…
Direct tax mop-up misses FY26 target; Collections rise 5%
New Delhi: India’s net direct tax collections recorded a moderate uptick in FY26 though the mop-up fell short of the revised estimates by ₹81,000 crore,…
Sebi offers a way over FPI tax rule hurdle
Mumbai: A tussle of legal semantics is playing out between the Securities and Exchange Board of India (Sebi) and the Central Board of Direct Taxes…
India grandfathered gains from investments made before April 2017
The Central Board of Direct Taxes said income from the transfer of investments made before April 1, 2017 will remain outside the ambit of general…
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…