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...
26 Mar, 2026, 11.28 PM IST
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...
10 Mar, 2026, 03.51 PM IST
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...
06 Feb, 2026, 05.30 AM IST
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 ...
02 Feb, 2026, 08.28 AM IST
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...
31 Jan, 2026, 12.55 PM IST
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...
31 Jan, 2026, 12.54 PM IST
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...
29 Jan, 2026, 07.14 PM IST
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...
04 Jan, 2026, 05.26 PM IST
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...
14 Dec, 2025, 01.18 PM IST
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...
14 Jul, 2025, 11.50 PM IST
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...
11 Aug, 2024, 06.26 PM IST
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...
24 Jul, 2024, 10.44 PM IST
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, ...
24 Jul, 2023, 10.43 PM IST
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...
18 Aug, 2020, 09.47 AM IST
India needs behavioural eco units today: Cass SunsteinSunstein talks about the benefits of behavioural economics and how India can achieve greater public policy outcomes.
12 Aug, 2019, 10.43 AM IST
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 ...
13 Dec, 2017, 02.07 PM IST
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...
12 Dec, 2017, 11.42 PM IST