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NUDGES IN TAX ADMINISTRATION
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...- Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...
- Dollar at week high as markets raise doubts over Iran ceasefireOn the policy front, Federal Reserve nominee Kevin Warsh's comments at a Senate confirmation hearing were interpreted as slightly hawkish, ...
- How I-T Act 2025 can reduce litigation and advance ease of doing businessIndia's upcoming I-T Act 2025 offers a chance to build certainty in tax administration. Implementing a modern digital manual and system-lev...
- President Murmu urges tax officers to balance 'enforcement with sensitivity'During a recent engagement, President Droupadi Murmu urged officers of the Indian Revenue Service to wield their authority with grace and a...
- Coming clean may be less taxing: Taxpayers could get away with paying significantly less on unexplained local incomeA close reading of the budget documents shows that a person can slip away by proactively paying a significantly lower amount on unexplained...
- Finance Bill 2026 rewrites MAT rules, nudges firms to concessional tax regimeIndia's minimum alternate tax rules are changing significantly from April 1, 2026. The MAT rate will drop to 14%. New MAT credits will not ...
- Budget 2026 unlikely to see a hike in personal income tax slab rate as govt bets on widening the baseIndia's direct tax strategy is shifting towards broader participation and better compliance, not rate hikes, according to the Economic Surv...
- 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...
- Economic Survey 2026: A clever hack is rewriting India’s tax playbookEconomic Survey 2026: India's tax administration is shifting towards a data-driven, behavioral approach, utilizing "nudges" to enhance comp...
- CBDT Chairman Ravi Agrawal asks officials to be ready for transition to new I-T ActThe Income Tax Department is gearing up for a significant change. A new direct tax law will be implemented from April 1, 2026, replacing th...
- 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...
- Bogus deduction claims: I-T searches 150 sitesThe Income Tax Department executed a nationwide search across 150 locations, targeting entities suspected of claiming fraudulent tax deduct...
- Adopt guidance over intimidation while dealing with taxpayers: CBDT chief to officialsCBDT chairman Ravi Agrawal advised income-tax officials to adopt a 'PRUDENT' approach, focusing on professionalism, responsibility, underst...
- Moving towards a less taxing futureThe government harmonised capital gains tax across asset classes, reducing tax arbitrage among equities, real estate, and gold. This move a...
- FM calls upon I-T officers to introspect about perception among peopleFinance Minister Nirmala Sitharaman on Monday said efficiency in income tax administration has helped increase revenues and check evasion, ...
- Taxpayers need not disclose high-value transactions in income tax return“There is no such proposal to modify income tax returns forms,” a finance ministry official said, in response to reports on expansion of st...
- India needs behavioural eco units today: Cass SunsteinSunstein talks about the benefits of behavioural economics and how India can achieve greater public policy outcomes.
- After Delhi HC relief on transitional GST credit, govt urges cautionThe government is undertaking an analysis of claims filed so far to identify units where high transitional credit has been claimed and for ...
- Revise erroneous credit claims under GST by December 27: Government to taxpayersThe shift to Goods and Services Tax (GST) provided for trust-based transition of input tax credit of the existing taxpayers, it said in a s...
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