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CBDT LAW
Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...- Understanding India's evolving crypto discourseIndia is actively shaping its digital asset future. Authorities are implementing stricter rules for crypto platforms and transactions. Tax ...
- Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
- India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note saysIndia has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ru...
- Is tax clearance mandatory before foreign travel? What the Income-Tax Act, 2025 saysThe introduction of Form 157 and Form 159 under the Income-Tax Rules, 2026 has sparked confusion over whether tax clearance is now mandator...
- ITR assessment rules change from April 2026: Four key amendments explainedFour key changes to Income Tax Return (ITR) assessment rules will be effective from April 2026 for Tax Year 2026-27. These amendments, intr...
- Gratuity may rise under New Labour Code, but your income tax bill could tooThe Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Ac...
- Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...
- Delhi High Court asks CBDT to clarify tax on partners’ bonuses, stays recoveryTax authorities nationwide are demanding taxes on partner bonuses and performance pay. Professional firms argue this income is already taxe...
- New I-T Act marks new chapter in India's tax administration, step towards Viksit Bharat: CBDTIndia has a new Income Tax Act, 2025, effective April 1, 2026. This replaces the old 1961 Act, making tax rules simpler and easier to follo...
- Five big changes in Form 16, which is replaced by Form 130, that every salaried employee must knowForm 16 will be renumbered as Form 130 under the Income Tax Rules, 2026, effective from April 1, 2026. This change introduces a "Tax Year" ...
- Is your Income Tax notice real? New 2026 CBDT rules require a DIN for official income tax correspondences like notice, orders, othersThe CBDT has mandated a Document Identification Number (DIN) for all income tax correspondence to taxpayers via a circular dated March 31, ...
- Income Tax Department website revamp: Site offers links for new ITR forms, e-pay tax, e-verification, e-PAN, payment status and many other tasksThe Income Tax Department has launched a revamped e-filing portal to support the transition to the new Income Tax Act, 2025. Taxpayers can ...
- Old vs new income tax rules: Which set of rules will apply when you file your ITR for FY 2025-26?Taxpayers filing returns in 2026 will use the old Income Tax Act, 1961. The new Income-tax Act, 2025, takes effect from April 1, 2026, for ...
- Delhi High Court stays CIC order asking CBDT to give info on Ram Janmabhoomi TrustThe court was hearing a plea by the Central Public Information Officer (CPIO) of CBDT seeking quashing of the November 30, 2022 order of th...
- Taxing times for Make in India: Why CBTD should be prevented from driving away investorsCBDT vitiates the investment climate because of several factors — extreme complexity of income tax laws, combative and rent seeking attitud...
- Black money:Finance Ministry panel gets over 3,000 responsesThe high-level Finance Ministry committee on curbing the menace of blackmoney has received more than 3,000 comments from general public.
- Committee on black money likely to hold 1st meet on June 9The CBDT chairman-headed committee, set up to strengthen ways to curb black money in the country, is likely to hold its first meeting on Ju...
- CBDT to continue to enjoy phone tapping powerIt is not immediately clear the conditions the CBDT will have to fulfil before tapping telephones of any individual.
- TRPs to help you in filing I-T returnsThese professionals will help self employed people and businessmen with annual income of Rs 3 lakh or less.
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