Tag: cbdt
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…