Search For "direct tax"
CBDT further extends due date for filing Income Tax Returns to September 1
Updated : 5 months, 3 weeks ago IST
The Central Board of Direct Taxes has decided to extend further the due date for filing Income Tax Returns (ITRs) for Assessment Year 2025-26 from 15th September, 2025, to 16th September, 2025, an official release announced.
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Silver linings in Indian economy can offset impact of US tariffs: CEA Nage
Updated : 5 months, 3 weeks ago IST
He backed his argument by stating that the measures taken by the government, such as direct tax cuts, forthcoming GST tax structure reforms, and the employment-linked incentives, among others, are supportive of the overall economy.
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Reduction in GST rates have higher multiple effect on economy, than cut in
Updated : 7 months ago IST
A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital.
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Personal income tax collection overtakes corporate tax: Report
Updated : 7 months ago IST
Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift in the country's direct tax architecture driven by formalisation, digitisation and stronger compliance, according to a report by JM Financial Institutional Secu
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New Income Tax Act written in simple language to reduce legal complexities
Updated : 7 months ago IST
The new Income Tax Act has been formulated using simple language to eliminate complicated legal challenges and make tax provisions more accessible to common taxpayers, according to RN Parbat, Member (Legislation) at the Central Board of Direct Taxes (CBDT).
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Direct tax collections dip 3.95% due to rise in tax refunds
Updated : 7 months, 2 weeks ago IST
India's net direct tax collections for FY 2025-26 stood at Rs 6.64 lakh crore as on August 11, down 3.95 per cent from Rs 6.91 lakh crore collected during the same period last year, Income Tax Department data shows.
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Finance Minister honors Tax officers for outstanding service on 166th Inco
Updated : 7 months, 2 weeks ago IST
Finance Minister Nirmala Sitharaman honored several Income Tax officers for their exceptional contributions to the department during the celebration of the 166th Income Tax Day, recognising decades of service in modernising India's tax administration.
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Income tax employees call for boycott of Income Tax Day celebrations
Updated : 7 months, 2 weeks ago IST
Income tax employees across the country will boycott the official Income Tax Day celebrations on July 24, as part of an escalating protest against what they term the "persistent apathy" of the Central Board of Direct Taxes (CBDT) toward their pressing concerns.
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Direct tax collections surge 3.2% to Rs 6.64 lakh crore by far in 2025-26
Updated : 8 months, 2 weeks ago IST
India's direct tax collections, in gross terms, have witnessed a robust growth of 3.2 per cent year-on-year so far in 2025-26, reaching Rs 6.64 lakh crore, data released by the Central Board of Direct Taxes (CBDT) showed. In 2024-25 same period, it was Rs 6.44 lakh crore.
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CBDT chief directs Faceless officers to avoid irrelevant queries in tax as
Updated : 8 months, 4 weeks ago IST
The Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal has issued strict directives to Faceless Assessment Officers (FAOs) to avoid raising irrelevant queries while conducting faceless assessments, emphasising the need for more focused and case-specific scrutiny procedures.
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Ravi Agrawal re-appointed CBDT Chairman
Updated : 9 months ago IST
The Appointments Committee of the Cabinet has approved the re-appointment of Ravi Agrawal, as Chairman of the Central Board of Direct Taxes (CBDT) on a contract basis for one year, effective from July 1, 2025, to June 30, 2026, or until further orders, according to an official order.
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Direct tax collections rise 4.86% in FY26 so far, net collections dip on h
Updated : 9 months, 1 week ago IST
India's gross direct tax collections for the financial year 2025-26 rose by 4.86 per cent to about Rs 5.45 lakh crore as of June 19, compared to about Rs 5.19 lakh crore collected during the same period last year, according to data released by the Income Tax Department.
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