news
The Central Board of Direct Taxes achieved a milestone by entering into a record 219 Advance Pricing Agreements (APAs) during FY 2025-26, bringing the total number since the inception of the program to 1034. This includes significant progress with Bilateral APAs and improvements in Safe Harbour Rules to enhance tax
CBDT
The Central Board of Direct Taxes (CBDT) has announced the launch of its second NUDGE initiative aimed at strengthening voluntary compliance regarding foreign assets. Starting November 28, 2025, targeted taxpayers will receive SMSs and emails advising them to review and revise their returns by December 31, 2025, to avoid penalties.
Taxpayers' Lounge
The Income Tax Department inaugurated the Taxpayers’ Lounge at the India International Trade Fair (IITF) 2025, emphasizing the role of taxpayers in nation-building. The lounge features various services for taxpayers, a special Children's Corner for educational activities, and aims to raise awareness about taxation and civic duties among
CBDT
The Central Board of Direct Taxes (CBDT) has successfully completed Special Campaign 5.0, achieving significant milestones in cleanliness and record management. The campaign included over 1,500 cleanliness drives, disposal of 2.30 lakh files, and resolution of 21,251 public grievances. Innovative initiatives like a digital file inventory
CBDT
The Central Board of Direct Taxes (CBDT) is implementing Special Campaign 5.0 aimed at enhancing cleanliness in government offices and resolving pending issues. The campaign includes a Preparatory Phase and an Implementation Phase, with significant participation from Income Tax offices across India. Notable achievements in the first two weeks
CBDT
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing audit reports for the Assessment Year 2025-26 from September 30, 2025, to October 31, 2025. This decision follows representations from professional associations citing difficulties due to natural calamities affecting timely completion of audits. Despite the challenges, the
Special Campaign 5.0
The Government of India is set to launch Special Campaign 5.0 from October 2 to 31, 2025, focusing on cleanliness and the resolution of pending matters in government offices. The Central Board of Direct Taxes (CBDT) will lead this initiative, building on the successes of Special Campaign 4.0,
Finance Minister
Union Finance Minister Smt. Nirmala Sitharaman chaired a conclave with Principal Chief Commissioners of Income Tax in New Delhi, focusing on improving taxpayer services, grievance redressal, and litigation management. Key performance indicators showed significant progress in resolving grievances and issuing tax refunds. The Minister emphasized the need for timely processing
foreign assets
The Ministry of Finance reports a significant rise in the declaration of foreign assets and income by Indian taxpayers for the assessment year 2024-25, attributed to enhanced cooperation and information exchange with Switzerland and other jurisdictions. The Central Board of Direct Taxes (CBDT) has identified and verified numerous cases of
CBDT
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for Assessment Year 2025-26 from July 31, 2025, to September 15, 2025. This decision comes in light of significant changes to the ITRs and the need for additional time for system readiness and