Cbdt News

Tax reforms have led to 1.32 crore updated ITRs and ₹16,083 crore in additional tax, according to a CBDT member, highlighting initiatives to improve tax complia

The Income Tax Department is expanding the Annual Information Statement (AIS) to include GST returns, foreign remittances for mutual fund investments outside ba

The Nagpur ITAT clarified rules on gold jewellery ownership, gifts, and taxability, deleting a tax addition during an income-tax search and examining CBDT's pre

The CBDT has provided a relief window until December 31 for small taxpayers, NRIs, and employee stock option holders to avoid severe Black Money Act penalties f

The Central Board of Direct Taxes launched a one-time scheme on August 16, allowing small taxpayers to declare undisclosed foreign assets until December 2026. A

The CBDT has enabled taxpayers to view foreign asset information in their AIS, aiming to improve voluntary compliance with ITR filings.

The CBDT has introduced the new ITR-BN form, effective April 1, 2026, for block assessments in search and seizure cases, streamlining reporting of undisclosed i

The CBDT has issued new guidance to implement India's crypto-asset reporting framework, aligning with OECD standards, which experts say emphasizes accurate reco

The CBDT has issued new reporting rules requiring crypto platforms to identify reportable users, maintain records, and submit details of eligible crypto transac

The CBDT has issued a guidance note regarding crypto reporting, aligning with the OECD framework.

The CBDT has issued new crypto asset reporting guidelines for exchanges under the Income-tax Act 2025, aligning with the G20-endorsed Crypto-Asset Reporting Fra

The CBDT has issued new guidance for crypto reporting, requiring exchanges to track and report all transactions, but clarified that no new tax has been introduc

The Income Tax Department has upgraded its e-filing portal to handle peak traffic for ITR filing, capable of processing up to 1 crore returns daily, ahead of th

The CBDT has granted a retrospective income tax exemption to the Baddi Barotiwala Nalagarh Development Authority (BBNDA) under Section 10(46) of the Income-tax

The Tax Department will soon allow taxpayers to view data on their foreign assets and income, as part of an initiative by the Central Board of Direct Taxes. Thi

The CBDT has notified the Cost Inflation Index (CII) for the financial year 2026-27 at 384, which is used to adjust the purchase price of certain assets for inf

The CBDT has directed that foreign investment and overseas financial account information be uploaded into taxpayers' Annual Information Statement (AIS) within 9

The CBDT has issued FAQs clarifying how pending tax cases, assessments, and TDS certificate applications will be handled after the new Income-tax Act 2025 takes