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The Central Board of Direct Taxes (CBDT) described the new Income Tax Act, 2025 as a significant step towards Viksit Bharat. Key changes include the introduction of a single "tax year" system, streamlined legislation, and provisions allowing taxpayers to claim TDS refunds even after filing delays.

The Enforcement Directorate has seized Rs 4,189.89 crore and arrested 29 people in multiple crypto fraud cases under PMLA. One accused is declared a fugitive economic offender, while authorities strengthen monitoring and investigation of virtual digital asset transactions

The Income Tax Department will send SMSs/emails to 25,000 high-risk taxpayers over undisclosed foreign assets. The CBDT urges filing revised ITRs by December 31, 2025, to avoid penalties under the Black Money Act, expanding the nudge campaign nationwide

The All India Income Tax Audit Conference, “Chintan Shivir,” focused on strengthening the audit framework of the Income Tax Department. Key discussions included improving audit quality, leveraging data analytics, and enhancing coordination for transparency, efficiency, and accountability

New I-T Bill, likely to be tabled in Parliament on February 13, will have 536 sections and do away with ‘previous year’ concept

The returns filed by individual taxpayers have increased from 3.36 crore in Assessment Year (AY) 2013-14 to 6.37 crore in AY 2021-22, registering an overall increase of 90 per cent.

The searches were launched on October 12 and a total of 55 premises were covered by the department in Bengaluru

Income tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups

The newly revamped website was launched by the Central Board of Direct Taxes Chairman Nitin Gupta at the 'Chintan Shivir', organised by the Directorate of Income Tax at Udaipur

CBDT on August 18 notified amendments to the Income Tax Rules for valuing perquisites of rent-free or concessional accommodation by employers to employees

Gross direct tax collection grew 15.73 per cent to Rs 6.53 lakh crore till August 10 in the current fiscal, the Income Tax department said

Interest now earned from contributions above thresholds will be treated the same way as interest earned by term deposits in banks

Modi goverment stuck to script and chose to fill long-vacant slots in the direct taxes czardom without obsessing over seniority or even rules related to retirement.

In a writ petition filed by Telangana Building and Other Construction Workers Welfare Board claiming that they are entitled for exemption granted in 2017 for a period of 5 years.

She said the Budget, which was presented in Parliament on February 1, has set the tone for greater play of the private sector, gave space for entrepreneurship

The CBDT said the quantum of suppressed turnover detected in few cases alone appears to be more than Rs 50-60 crore while the "net profit" shown was extremely low.

The Startup India action plan provides tax and other incentives. So far, over 41,000 startups have been recognised by the department. 

The new process launched in July offers online system of registration for MSMEs