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CBDT NUDGE 2.0
Rs 119 crore recovered from wrong HRA tax deduction claims, 25000 filed revised ITRs to declare Rs 1000 crore foreign income; Here’s how Nudge campaign worksIndia's tax collection saw a major boost through data-driven nudges. The NUDGE initiative guided taxpayers to correct claims, leading to ov...- From LRS curbs to GIFT City push: India’s new playbook for global investingIn 2025, Indian cross-border investing saw a regulatory overhaul, with LRS and GIFT City's IFSC framework introducing stricter compliance a...
- Indian residents with undisclosed foreign assets under scanner: Tax Dept launches NUDGE 2.0 campaign
- Tax dept focuses on undisclosed foreign assets in NUDGE 2.0The CBDT has launched the second phase of its NUDGE initiative, targeting taxpayers with unreported foreign assets. The campaign aims to en...
- BigBasket feels qcomm heat; PhysicsWallah clears Sebi testA decline in BigBasket's turnover indicates increasing competition from quick commerce players. This and more in today's ETtech Top 5.
- Taxmen defy 'clean slate' rule, hit insolvent firms with fresh demandsDespite the IBC's 'clean slate' provision and court rulings, tax authorities are levying fresh tax demands on companies emerging from insol...
- Good news: Income tax dept to correct ITR forms to allow eligible taxpayers to claim section 87A tax rebate for FY 2023-24Income Tax Rebate: "The updated utilities for ITR forms 2 and 3 giving effect to the Circular No. 21 dated 31st December 2024 and including...
- Have undisclosed foreign income or assets? Act before December 31 as govt gets more data from these new countriesIncome tax: The Income Tax Department has data from Germany and other countries about its residents having foreign properties and assets an...
- Over 100,000 new crorepati taxpayers have emerged in India in three years. What’s driving this rise in high earners?India has witnessed a five-fold surge in the number of individuals earning over ₹1 crore in taxable income over the past decade, with the p...
- Using social media to help taxpayersA major enabler has been CBDT's embrace of technology to not only simplify compliances but to also identify potential cases of tax evasion ...
- 68,000 cases picked up for e-verification for income mismatch in AIS, ITR for FY 2019-20"On a pilot basis, about 68,000 cases pertaining to 2019-20 fiscal have been taken up for e-verification based on risk management parameter...
- No angel tax on past foreign investments in startupsThe government has proposed to amend the so-called angel tax provision or the Section 56(2) (viib) of the income tax act in the budget. The...
- New income tax rules and other money related changes effective from April 1, 2022The beginning of the new financial year marks the changes in the income tax rules and others money changes. It is important to know new inc...
- Union Budget 2020: Why income-tax cut is a bad ideaIncome tax cut would be ill-timed, given the huge shortfall in revenues after the steep cut in corporate tax.
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