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...
14 May, 2026, 05.05 PM IST
Direct tax mop-up misses FY26 target; Collections rise 5%India's direct tax collections saw a modest rise in FY26. However, the total mop-up missed the revised target by ₹81,000 crore. Both corpor...
05 May, 2026, 12.09 AM IST
2.22 lakh appeals disposed of during last fiscal: CBDT chairmanLast fiscal year, the Income Tax Department successfully resolved an impressive 222,000 appeals, showcasing a remarkable 29% growth in effi...
10 Apr, 2026, 05.10 PM IST
Did you donate to a political party or plan to do so in the future and claim an income tax deduction? New ITR forms require extra disclosure, check what to reportNew income tax return forms for Assessment Year 2026-27 demand greater detail on political party donations. Taxpayers seeking deductions un...
08 Apr, 2026, 03.52 PM IST
New form for correction in PAN related details: CBDT notifies new online and offline forms for modification in PAN card details; check the guideline and how it worksThe Central Board of Direct Taxes has introduced new forms for correcting PAN card details. These forms, PAN CR-01 for individuals and PAN ...
02 Apr, 2026, 02.50 PM IST
Number of taxpayers increases 86 pc in last 9 years: CBDT dataThe country's taxpayers increased by 82 percent from 2014-15 to 2023-24. Direct tax receipts surged 182 percent, driven by higher personal ...
18 Oct, 2024, 12.05 PM IST
CBDT disposes of over 1 lakh cases under faceless assessmentAs per CBDT data, the department has allocated 57,985 legacy cases and 136,000 new cases, out of which it has been able to dispose of 46,82...
08 Apr, 2021, 06.35 AM IST
CBDT and CBIC sign MoU for exchange of information on automatic and regular basis"Significant developments have taken place since the signing of earlier MoU in 2015 including introduction of GST, incorporation of GSTN an...
21 Jul, 2020, 02.26 PM IST
Sebi, CBDT ink MoU for data exchangeIt will also ensure that both CBDT and Sebi have seamless linkage for data exchange.
08 Jul, 2020, 05.56 PM IST
Taxmen are using the lockdown to build stronger cases against defaultersCBDT asked officers to not issue notices for now, but collect data that will help settle pending litigation.
10 May, 2020, 06.27 PM IST
CVC to probe government employees deposits post demonetisationeposits of scrapped currency notes made by central government employees post demonetisation will be probed by anti-corruption watchdog Cent...
17 Sep, 2017, 11.32 AM IST
MCA, CBDT join hands to monitor shell companiesThe information shared will pertain to both Indian corporates as well as foreign corporates operating in India.
15 Sep, 2017, 01.15 AM IST
Income Tax department to focus more on e-assessment to reduce human interfaceAlso, efforts will be made by the Central Board of Direct Taxes (CBDT) to exceed the income tax collection target set for current fiscal by...
02 Sep, 2017, 10.29 PM IST
CBDT officers asked to submit monthly data of cleared appealsThere are nearly 2.59 lakh cases pending adjudication before commissioners income tax (appeal) and it is estimated that each would have som...
17 Oct, 2016, 02.27 PM IST
CBDT processes 6.53 lakh online rectification requests in ITRSection 154 of the Income-Tax Act provides the taxpayer with an option to seek rectification of mistakes in record.
01 Apr, 2016, 02.14 PM IST
Arun Jaitley to meet Income Tax officials to review revenue collectionThe CBDT has also asked these officers to update and prepare latest reports about the status of tax collections in their respective regions...
28 Oct, 2014, 06.44 PM IST
- IBM wins Rs 205 crore deal from CBDT
IBM on Friday said it has bagged a five year contract from Central Board of Direct Taxes
08 Jun, 2007, 10.30 AM IST