New Delhi, September 28, 2026: The Central Board of Direct Taxes (CBDT) has announced an extension of the deadline for filing Income Tax Returns (ITRs) for the Assessment Year 2026–27 for taxpayers whose accounts are required to be audited under the Income-tax Act, 1961. The decision provides
Income Tax
New Delhi, August 18, 2026: The Income Tax Department has launched a nationwide verification exercise to investigate suspicious foreign remittances after identifying several entities that allegedly transferred large amounts of money abroad despite reporting very low business turnover or failing to file income tax returns. The exercise aims to examine the transactions,
New Delhi, April 21, 2026: The Income Tax Department has strongly denied allegations made by K. Selvaperunthagai, President of the Tamil Nadu Congress Committee and a candidate from the Sriperumbudur Assembly Constituency, accusing departmental officials of unlawfully restricting his movement under the pretext of conducting a search. In an official press release issued on
New Delhi, April 1, 2026: India has entered a new phase of direct tax administration with the Income-tax Act, 2025, officially coming into force on April 1, 2026. The new legislation replaces the six-decade-old Income-tax Act, 1961, as part of a comprehensive effort to simplify tax laws, improve clarity and make compliance easier for taxpayers […]
New Delhi, March 31, 2026: The Central Board of Direct Taxes (CBDT) has achieved a major milestone in India’s tax administration by signing a record 219 Advance Pricing Agreements (APAs) with Indian taxpayers during the financial year 2025–26. The achievement marks the highest number of APA signings in a single financial year since the programme […]
New Delhi, March 9, 2026: The Income Tax Department has launched a nationwide crackdown on suspected sales suppression in the food and beverage (F&B) sector after identifying significant discrepancies between restaurant sales records and income reported in tax returns. A nationwide verification exercise conducted on March 8, 2026, covered 62 restaurants across 46
New Delhi, February 8, 2026: The Income Tax Department has invited suggestions and feedback from taxpayers, professionals, businesses and other stakeholders on the proposed Income-tax Rules and related forms prepared under the Income-tax Act, 2025. The initiative aims to make the country’s tax framework simpler, reduce unnecessary compliance requirements and improve
New Delhi, December 23, 2025: The Income Tax Department has launched an initiative encouraging taxpayers to voluntarily review their income tax returns and correct potentially ineligible deductions and exemptions identified through advanced data analytics. Under the Non-intrusive Usage of Data to Guide and Enable (NUDGE) campaign, identified taxpayers are being contacted
