Central Board of Direct Taxes (CBDT): News
27 May 2025
BusinessITR filing deadline for FY25 extended to September 15
The Income Tax Department has pushed the deadline for filing income tax returns (ITR) for FY 2024-25 (AY 2025-26) from July 31, 2025, to September 15, 2025.
12 May 2025
Income Tax ReturnIncome tax return filing: Key changes you must know about
The Central Board of Direct Taxes (CBDT) has released the Income Tax Return (ITR) forms for the Assessment Year (AY) 2025-26.
01 Feb 2025
Nirmala SitharamanNew income tax bill to be introduced next week: Sitharaman
Finance Minister Nirmala Sitharaman has announced the introduction of a new income tax bill, which will be presented in Parliament next week.
10 Nov 2024
COVID-19India gains over 100,000 new crorepati taxpayers in 3 years
India's high-income taxpayer base has grown tremendously over the last decade, with the number of people earning over ₹1 crore in taxable income increasing five-fold.
26 Oct 2024
Income Tax ReturnCorporates can now file income tax return till November 15
The Central Board of Direct Taxes (CBDT) has announced a 15-day extension for submitting corporate income tax returns.
12 Oct 2024
Income Tax Department of IndiaNet direct tax collection surges to ₹11.26L crore in FY24-25
India's net direct tax collection for the fiscal year 2024-25, has jumped by a whopping 18.35% to nearly ₹11.26 lakh crore till October 10, data from the Central Board of Direct Taxes (CBDT) showed.
07 Oct 2024
Nirmala SitharamanYou can now suggest changes to Income-tax Act, 1961
The Central Board of Direct Taxes (CBDT) has constituted an internal committee to carry out an exhaustive review of the Income-tax Act, 1961.
30 Sep 2024
Income Tax Department of IndiaIncome Tax audit report submission date extended: Check new deadline
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing various audit reports, including the income tax audit report, for the previous year 2023-24.
13 Aug 2024
BusinessSending money abroad? Transfers exceeding ₹6 lakh under I-T scanner
The Central Board of Direct Taxes (CBDT) has initiated a comprehensive review process to identify potential tax evasion associated with outward foreign remittances exceeding ₹6 lakh.
12 Aug 2024
IndiaNet direct tax collection jumps 22.5% YoY to ₹6.92L crore
India has witnessed a significant surge in its net direct tax collections for the current financial year, with an increase of 22.48% recorded up to August 11.
01 Aug 2024
Finance BillCentre mulls decriminalizing delayed TCS filing: How it impacts you
The Central Board of Direct Taxes (CBDT) is considering a proposal to decriminalize late filing of Tax Collected at Source (TCS), according to its Chairman Ravi Agarwal.
25 May 2024
Income Tax Department of IndiaIncome Tax Department sets FY25 Cost Inflation Index at 363
The Income Tax Department has released the Cost Inflation Index (CII) for the fiscal year (FY) beginning in April 2024.
14 May 2024
Income Tax Department of IndiaHow to use Income Tax Department's new real-time feedback updates
The Income Tax Department of India, has announced a new feature in its Annual Information Statement (AIS), that offers taxpayers real-time updates on their feedback status.
21 Apr 2024
IndiaIndia's direct tax collections surged by 17.7% in FY2024
India's fiscal year ending in March 2024, witnessed a significant increase of 17.7% in net direct tax collections, reaching ₹19.58 crore, according to the tax department.
01 Jan 2024
Income Tax ReturnITRs filed in 2023-24 increase by 9% to record 8.18cr
India experienced a significant 9% increase in income tax returns filed, with a record 8.18 crore submissions by December 31, 2023, compared to 7.51 crore during the same period in 2022.
11 Oct 2023
IndiaDirect tax collections in India surge 21.8% in FY24
India's direct tax collections have soared by 21.82% year-on-year, hitting Rs. 9.57 lakh crore in the current fiscal year (2023-24) up to October 9.
10 Oct 2023
Income Tax Department of India35 lakh income tax refunds delayed in India: Here's why
Income tax refunds for around 35 lakh taxpayers are currently "held up" due to mismatch and validation issues with their bank accounts, as per Central Board of Direct Taxes (CBDT) Chairperson Nitin Gupta.
06 Jun 2023
BBCBBC admits to paying lower taxes in India: Report
The British Broadcasting Corporation (BBC) has acknowledged that it may have paid lower taxes in India than its liability, the Hindustan Times reported, citing Central Board of Direct Taxation (CBDT) officials.
24 Feb 2023
BBCReport fearlessly: BBC director-general to India staff after tax 'survey'
Days after the tax "survey" at the BBC offices in Delhi and Mumbai, the global media giant's director-general, Tim Davie, wrote an email to its staff in India, asking them to report without fear or favor.
31 Oct 2022
Central GovernmentHow much gold can Indians legally store at home?
India has always been obsessed with gold, and people adore the precious metal for investment purposes and cultural reasons, too.
11 Jan 2022
Income Tax Department of IndiaIncome Tax Returns deadline extended to March 15
The central government on Tuesday extended the due date for filing Income Tax Returns for Assessment Year 2021-22 to March 15, 2022.
05 Oct 2021
Ministry of FinancePandora Papers: Government orders multi-agency probe led by CBDT
The Centre on Monday ordered a multi-agency probe to investigate the revelation made by media organizations, dubbed the "Pandora Papers," about the hidden wealth of global elites, including 380 Indians, in offshore accounts.
25 Sep 2021
GujaratI-T department raids Gujarat diamond group, claims multi-crore tax evasion
The CBDT on Saturday said the Income Tax Department has detected tax evasion worth crores of rupees in raids on Gujarat's leading diamond manufacturer and exporter.
09 Sep 2021
InfosysCBDT extends deadline for Income Tax Returns till December 31
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for the assessment year 2021-22 till December 31.
14 Jul 2021
BengaluruIT department surveys Bengaluru company; detects Rs. 880cr hidden income
The Income Tax Department has detected "concealment" of Rs. 880 crore income after it surveyed the Bengaluru premises of a leading manpower service providing company, the Central Board of Direct Taxes (CBDT) said on Tuesday.
19 Mar 2021
Income Tax Department of IndiaTN: IT department seizes over Rs. 16 crore dubious cash
The Income Tax Department has seized "unaccounted" cash of over Rs. 16 crore and detected black income of about Rs. 80 crore after it raided multiple entities in poll-bound Tamil Nadu, the Central Board of Direct Taxes (CBDT) said on Friday.
24 Oct 2020
IndiaFY2019-20 ITR deadline revised: Late filing fees, penalties, and more
The last date for filing income tax returns (ITRs) for assessment year (AY) 2020-21, which is the financial year (FY) 2019-20, has been extended by the government to December 31 for individual taxpayers.
24 Oct 2020
Ministry of FinanceIncome tax return filing deadline extended till December 31
The Finance Ministry on Saturday announced that the deadline for filing income tax returns (ITRs) for the financial year (FY) 2019-20 for individual taxpayers has been extended by a month till December 31.
13 Aug 2020
Narendra ModiPM Modi launches Transparent Taxation platform for honest taxpayers
In a move aimed at helping honest taxpayers, Prime Minister Narendra Modi on Thursday launched the "Transparent Taxation - Honoring The Honest" platform.
08 Jun 2020
India#CareerBytes: How to become an Income Tax Inspector in India?
Government jobs are a dream for many and are the most preferred career option for a lot of youngsters in the country.
23 Dec 2019
India#CareerBytes: How to become an Income Tax Inspector in India?
Government jobs are a dream for many and are the most preferred career option for a lot of youngsters in the country.
12 Sep 2019
IndiaDo NRIs need to link their PAN with Aadhaar?
According to government's notification, it is mandatory to link PAN and Aadhaar latest by September 30, 2019, or your PAN might become invalid.
04 Sep 2019
IndiaAutomatic PAN generation for taxpayers using Aadhaar to file ITR
The Income Tax department will now issue a Permanent Account Number (PAN) to taxpayers using their Aadhaar number to file Income Tax returns, as a new method to link the two databases.
09 Apr 2019
Madhya PradeshAfter MP raids, I-T detects "well-organized" racket involving Rs. 281cr
A day after Income Tax officials raided residences of aides of Madhya Pradesh Chief Minister Kamal Nath, the body said on Monday that it has detected "widespread" and "well-organized" racket involving Rs. 281 crore.
09 Apr 2019
India#FinancialBytes: New income-tax return forms released; Here's everything to know
The Central Board of Direct Taxes (CBDT) released new income tax return (ITR) forms for the Assessment Year 2019-20.
01 Apr 2019
IndiaDeadline to link Aadhaar with PAN extended by six months
The Central government has extended the deadline to link Aadhaar with PAN by six months, to September 30, 2019. The previous deadline to link the two IDs was March 31.
01 Mar 2019
Arun JaitleyCBDT's task force to review direct-tax laws gets 3-month extension
A task force set up under the CBDT to draft a new direct tax law and replace the existing Income Tax Act has been given a three-month extension till May, an official order said.
28 Feb 2019
Jammu And KashmirHard disks, undisclosed expenditure found in terror funding raids
On Wednesday, income tax officials carried out raids on seven places spread across Delhi and Jammu and Kashmir, belonging to the "head of a prominent organization and his associates" who have allegedly been conducting "anti-national" activities.
14 Feb 2019
Election Commission of India (ECI)CBDT chairman Sushil Chandra appointed as new chief election commissioner
Sushil Chandra, the current chairman of the Central Board of Direct Taxes (CBDT), has been appointed as the next chief election commissioner.
05 Dec 2018
India#PANCardRules: New PAN rules come into effect today; Details here
The Income Tax Department has introduced some important amendments to the Permanent Account Number (PAN) card rules effective from 5 December 2018.
26 Nov 2018
PAN CardNew PAN card rules will come into effect from December
In a bid to prevent tax frauds, the Income Tax Department has come up with new rules on PAN cards.
