Tag: central board of direct taxes
Parliamentary panel flags compliance glitches on new income tax act, seeks more data from CBDT
New Delhi: The Parliamentary Standing Committee on Finance has flagged compliance-related glitches in the implementation of the new Income Tax Act and is seeking more…
Crypto exchanges to collect tax residency, ID details of users under new CBDT framework
New Delhi: India has aligned its cryptocurrency reporting rules with the OECD‘s global framework, requiring crypto exchanges and other digital asset intermediaries to collect users’…
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…
Taxman to track slipping sectors & top tax payers
New Delhi: The Central Board of Direct Taxes (CBDT) has directed its zonal income tax heads to keep a close watch on the sectors which…
India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note says
Mumbai: Almost three months after the Supreme Court’s unsettling verdict on American investment firm Tiger Global, a recently released Mauritius government cabinet note claims that…
SEBI seeks CBDT clarity on tax role of authorised representatives of FPIs
Mumbai: India’s capital market regulator has asked the apex tax body to spell out its stand on a vexing question that foreign portfolio investors (FPIs)…
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 I-T Act framework notified; taxpayer relief with stricter compliance from April 1
New Delhi: The Central Board of Direct Taxes on Friday notified the rules to operationalise the new simplified Income Tax Act, with a mix of…
India and France revise 1992 tax treaty, drop ‘most favoured nation’ clause
New Delhi: India and France signed a protocol to revise their 1992 tax treaty, tightening source-based taxation, scrapping the most favoured nation (MFN) clause and…
New I-T rules, forms by March; Income Tax Act to take effect from April 1, 2026
New Delhi: The income tax department will notify the new income tax rules and forms by the first week of March, officials said, paving the…