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NUDGE CAMPAIGN CBDT
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...
Income Tax Refund delay explained: Why are lakhs of taxpayers still waiting for refunds and what does law allow?Income Tax Refund: The Income Tax (I-T) Department can process returns and issue refunds up to December 31, 2026. This means the I-T Depart...
Income Tax refund delay: Why refunds for FY 2024-25 ITR filings are taking longer and what you can doIncome Tax Refunds Delay News: Taxpayers filing for FY 2024-25 are experiencing delayed refunds, though the Income Tax Department remains w...
Over 15 lakh revised ITRs filed for current AY: CBDTMore than 15 lakh taxpayers have revised their income tax returns for assessment year 2025-26. The Income Tax Department initiated a NUDGE ...
Income tax refund with wrong claims: Up to 200% penalty, criminal action for wrong tax refund claim; check exactly what will happenThe Income Tax Department has exposed a nationwide network of agents facilitating fraudulent tax deductions and exemptions, leading to ille...
Income Tax Department cracks down on taxpayers claiming refunds against donations to fake political parties, charitiesThe Income Tax Department is taking action against taxpayers who filed returns with fake deductions. Investigations revealed intermediaries...
India 'strong champion' of measures against offshore tax evasion: OECD officialIndia is a strong champion of tax transparency, with its recent campaign leading to the disclosure of over Rs 29,000 crore in undisclosed f...
CBDT flags bogus claims on political and charitable donationsThe Central Board of Direct Taxes has uncovered significant misuse of tax deductions for political and charitable donations. A campaign has...
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...
CBDT NUDGE 2: Over 25,000 taxpayers to receive alerts on foreign assets; Check details to avoid penaltiesThe CBDT has launched the second phase of its NUDGE initiative, sending SMS and email alerts to taxpayers with potential foreign asset and ...
Income Tax dept to send SMS/emails to 25,000 individuals for non-disclosure of foreign assetsThe Income Tax department has identified individuals who have not reported foreign assets in their income tax returns. These taxpayers will...
Virtual Digital Assets: Income Tax of Rs 705 cr paid in FY23, FY24The Indian government collected Rs 705 crore in taxes from Virtual Digital Asset (VDA) transactions during FY23 and FY24. The Income Tax de...
I-T dept working to give shape to rules, procedures under new Income Tax Bill: CBDT chiefThe Income Tax Department is developing rules for the upcoming Income Tax Bill, 2025. CBDT Chief Ravi Agarwal announced this at the 166th I...
CBDT to ramp up AI-led crackdown on tax evasion ahead of new income tax law: Chairman Ravi AgrawalThe Central Board of Direct Taxes will intensify efforts to combat tax evasion. They plan to use data analytics and artificial intelligence...
Unaccounted income invested in virtual digital assets on CBDT radarSuch entities and individuals which are engaged in Virtual Digital Asset (VDA) transactions and have failed to comply with the Income-tax A...
Unaccounted income invested in Virtual Digital Assets on CBDT radarThe CBDT is actively investigating tax evasion and money laundering related to cryptocurrency investments by high-risk individuals. Many in...
Crypto income on I-T radar; department sends emails to individualsThe Income Tax Department is contacting people about crypto taxes. Many individuals did crypto transactions but did not report the income. ...
Income tax dept's drive leads to Rs 29,208 crore foreign assets disclosureA nationwide drive by India's income tax department has resulted in taxpayers disclosing foreign assets worth ₹29,208 crore. Launched in No...
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 ...