Tag: cbdt
TDS norms eased for buying NRI property
NEW DELHI: The Central Board of Direct Taxes (CBDT) has eased tax deducted at source (TDS) compliance for resident individuals and Hindu undivided families (HUFs)…
CBDT removes arrest and imprisonment as prescribed route for tax recovery
Tax defaulters will no longer face arrest and detention as a prescribed recovery route to recover tax. The central board of direct taxes(CBDT) has amended…
Rejig of global tax reporting rules to cover digital finance
New Delhi: India has overhauled its global tax reporting framework to reflect the rapid evolution of digital finance, expanding foreign account tax compliance Act (FATCA)…
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…