Centre Grants Section 54EC Tax Benefit Status to IREDA Bonds
The Central Board of Direct Taxes (CBDT) under the Ministry of Finance has notified bonds issued by Indian Renewable Energy […]
CBDT Press Release
FM Nirmala Sitharaman Chairs CBDT Conclave, Highlights Taxpayer Service, Revenue Collection, Litigation Management, and Emphasizes Timely Tax Refunds and Proactive Grievance Redressal
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chaired the Conclave of Principal Chief Commissioners of Income-tax (Pr.CCsIT)
CBDT extends the due date of filing of ITRs which are due for filing by 31st July 2025 to 15th September 2025
The notified ITRs for AY 2025-26 have undergone structural and content revisions aimed at simplifying compliance, enhancing transparency, and enabling
DPIIT Approves 187 Startups for Tax Relief Under Revised Section 80-IAC Framework; Eligibility Extended to Startups Incorporated Upto April 2030
In a significant boost to India’s startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has approved
E-Governance and E-Courts in Income Tax Appellate Tribunal (ITAT): Enhancing Efficiency through Digital Transformation
The e-filing portal has been launched in the Income Tax Appellate Tribunal (ITAT) for facilitating electronic filing of appeals, applications,
CBDT signs record 174 Advance Pricing Agreements with Indian taxpayers in FY 2024-25
The Central Board of Direct Taxes (CBDT) entered into a record 174 Advance Pricing Agreements (APAs) with Indian taxpayers in
CBDT notifies amendments in Income-tax Rules, 1962 to expand the scope of safe harbour rules
Section 92CB of the Income-tax Act, 1961 inter alia, empowers the CBDT to make safe harbour rules, for the determination
CBDT’s Circular; 52 Important Frequently Asked Questions (FAQs) relating to Revised Guidelines for Compounding of Offences
The revised Guidelines for Compounding of Offences under the Income-Tax Act, 1961 (hereinafter referred to as “the guidelines”) were issued
CBDT issued clarification on Circular 01/2025, the Application of Principal Purpose Test (PPT) in India’s Double Taxation Avoidance Agreements (DTAAs)
The CBDT issues clarification on Circular 01/2025, the application of the Principal Purpose Test (PPT) in India’s Double Taxation Avoidance
CBDT notifies amendments in Income-tax Rules, 1962 to prescribe conditions for applicability of presumptive taxation regime for non-resident cruise ship operators
As a measure to promote investment and employment, Finance (No. 2) Act, 2024 inter alia provided a presumptive taxation regime