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CBDT OLD CASES
Taking a second loan for home loan repayment? Claim tax deduction on both under old tax regime for Tax Year 2026-2027Homeowners can now potentially claim tax deductions on interest paid for both their original home loan and a subsequent loan taken to repay...- 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...
- 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...
- 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, ...
- Old tax regime is not going to end soon; CBDT chairman rules out sunset clause for old regimeThe old tax regime will not be phased out soon, according to CBDT Chairman Ravi Agrawal, despite 88% of individual taxpayers opting for the...
- After new directives, Income Tax department may reopen a large number of past casesThe Central Board of Direct Taxes (CBDT) has issued comprehensive directives to tax officials regarding the reopening of past cases under t...
- Foreign entities seek relief from furnishing hard copies for PANThe move comes as several new PAN applications are stuck. Industry estimates suggest there are around 400-500 such applications pending. PA...
- CBDT member BD Vishnoi’s appointment raises queriesVishnoi was appointed as member CBDT on July 31, last year, following the retirement of Nishi Singh, on the same day.
- E-assessment of a taxpayer to be handled by two officers: CBDTThe new measure of deputing two officials for one assessment case is being seen as increasing the level of monitoring as well as aiding the...
- Supreme Court ruling lets I-T department open closed casesWho all will the ruling impact? Many small taxpayers who had earlier faced tax demands of between Rs 4-10 lakh are likely to be impacted.
- 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...
- CBDT forms task force for jurisdiction-free income tax assessment systemThe 13-member task force has been asked to submit its report on the new tax assessment process, which is aimed at reducing harassment of ta...
- Honest citizens will not be harassed by Income-tax Department: CBDT chiefThe dept has used an in-house software to analyse and segregated deposits, particularly those over Rs 1 crore not matching with returns fil...
- CBDT warns of penal action if I-T returns are 'drastically' changedThe CBDT said if the department notices any manipulation in income in previous year's ITR (income tax return), it will conduct scrutiny.
- Finance Ministry modifies I-T scrutiny notices; adds words of courtesyThe three new formats of these scrutiny notices have been circulated by CBDT for immediate usage in tax department offices across the count...
- CBDT proposes roadmap for elimination of tax exemptionPreparing the ground for gradual reduction of corporate tax to 25% from 30%, the Finance Ministry proposed a roadmap for ending various tax...
- Refund excess tax despite 4 year limit period: CBDT to officialsIncome Tax Department has asked its officials to take action to refund excess tax even if such applications are hit by limitation period of...
- CAG reports are taxing, let the efforts not go down the drainEach year, the CAG conducts the audit of revenues from direct taxes of the union govt. Sadly, the annual exercise has been going on without...
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