Central Board of Direct Taxes

Income Tax Dept red flags ineligible deduction claims in ITRs
News

Income Tax Dept red flags ineligible deduction claims in ITRs

The Central Board of Direct Taxes (CBDT) has launched a “Nudge” campaign for the 2025–26 assessment year on Tuesday, asking…
No tax rebate under Section 87A on short-term capital gains, taxpayers asked to clear dues by Dec: CBDT
Business

No tax rebate under Section 87A on short-term capital gains, taxpayers asked to clear dues by Dec: CBDT

The Central Board of Direct Taxes (CBDT) has once again clarified that taxpayers cannot claim tax rebate under Section 87A…
Net direct tax revenue jumps 9.2 pc to cross Rs 10.82 lakh crore
Business

Net direct tax revenue jumps 9.2 pc to cross Rs 10.82 lakh crore

India’s net direct tax collection recorded 9.18 per cent growth to cross Rs 10.82 lakh crore till September 17 during…
Industry chamber urges CBDT to extend ITR filing deadline
Business

Industry chamber urges CBDT to extend ITR filing deadline

The Gujarat Chamber of Commerce and Industry (GCCI) has urged the Central Board of Direct Taxes (CBDT) to extend the…
FM Sitharaman directs CBDT to cut pendency in grievance redressal mechanisms
News

FM Sitharaman directs CBDT to cut pendency in grievance redressal mechanisms

Finance Minister Nirmala Sitharaman on Monday directed the Central Board of Direct Taxes (CBDT) to significantly reduce pendency in grievance…
Income Tax Department notifies ITR-1, ITR-4 forms for assessment year 2025-26
Business

Income Tax Department notifies ITR-1, ITR-4 forms for assessment year 2025-26

The Central Board of Direct Taxes (CBDT) has notified the income tax return forms ITR-1 and ITR-4 for the financial…
Centre notifies 1 pc tax on all luxury goods priced above Rs 10 lakh
Business

Centre notifies 1 pc tax on all luxury goods priced above Rs 10 lakh

The Central Board of Direct Taxes has notified the new rules to bring into immediate effect the 1 per cent…
CBDT explains taxation of capital gains
Business

CBDT explains taxation of capital gains

The Central Board of Direct Taxes (CBDT) on Thursday issued FAQs to explain the new capital gains tax regime in…
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