Search For "direct taxes"
CBDT notifies new ITR form 5 for 2025-26 with key updates
Updated : 10 months, 2 weeks ago IST
The Central Board of Direct Taxes (CBDT) has issued Notification No. 42/2025, dated May 1st, 2025, unveiling the new Income Tax Return (ITR) Form 5 for the Assessment Year 2025-26, the Income Tax Department said on its official X page.
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India's direct tax collections surge 15.6% to Rs 27 lakh crore in 2024-25
Updated : 10 months, 3 weeks ago IST
India's direct tax collections, in gross terms, have witnessed a robust growth of 15.59 per cent year-on-year, reaching Rs 27.02 lakh crore in the financial year 2024-25, data released by the Central Board of Direct Taxes (CBDT) showed. In 2023-24, it was Rs 23.38 lakh crore.
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Taxpayers can file income tax without login, CBDT unveils 'e-Pay Tax' feat
Updated : 10 months, 4 weeks ago IST
The Income Tax Department has introduced the 'e-Pay Tax' feature on its official online portal to facilitate the taxpayers by easing various processes, according to the Central Board of Direct Taxes (CBDT).
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Four senior IRS officers appointed as members of the CBDT
Updated : 11 months ago IST
he Appointments Committee of the Cabinet has approved the appointment of four senior Indian Revenue Service (IRS) officers as Members of the Central Board of Direct Taxes (CBDT), according to an official order issued yesterday.
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India's direct tax collections surge 16.2% to Rs 25.9 lakh crore as of Mar
Updated : 1 year ago IST
India's direct tax collections have witnessed a robust growth of 16.15 per cent year-on-year, reaching Rs 25.86 lakh crore in the financial year 2024-25 (as of March 16, 2025), as per the latest data released by the Central Board of Direct Taxes (CBDT).
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CBDT issues clarification on exemptions from Principal Purpose Test in Dou
Updated : 1 year ago IST
The Central Board of Direct Taxes (CBDT) has issued a circular aimed at to offer guidance on the application of the Principal Purpose Test (PPT) provision under India's Double Taxation Avoidance Agreements (DTAAs).
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CBDT's trust first approach yields significant result, 30,161 taxpayers de
Updated : 1 year ago IST
The Central Board of Direct Taxes (CBDT) "nudging campaign" has yielded significant results with 30,161 taxpayers declaring foreign assets worth over Rs 29,000 crore, government sources told ANI.
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"India will emerge as a world leader in AI": BJP MP Nishikant Dubey after
Updated : 1 year ago IST
"...India has to move ahead in artificial intelligence. We cannot stop technology and about one trillion is going to be added to our economy," Dubey told ANI after the meeting.
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PAN 2.0: Extra PAN Card? Know the Penalty and Steps to Surrender Duplicate
Updated : 1 year ago IST
New Delhi [India], February 26: The government has launched the PAN 2.0 project to improve and consolidate all PAN (Permanent Account Number) related services through advanced e-governance. With a budget of Rs1,435 crore, this initiative by the Central Board of Direct Taxes (CBDT) will moder
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Gross Direct Tax collection sees 19.94 per cent growth as of January 12
Updated : 1 year, 2 months ago IST
Corporate tax (CT) contributed Rs9.72 lakh crore, while non-corporate tax (NCT) stood at Rs10.45 lakh crore. Collections from Securities Transaction Tax (STT) surged to Rs44,538 crore, and other taxes contributed Rs2,868 crore. These figures highlight robust growth across key categories, dri
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IDFC FIRST Bank Goes Live on Direct Tax Collection System of CBDT
Updated : 1 year, 2 months ago IST
Mumbai (Maharashtra) [India], January 10: IDFC FIRST Bank announced its integration with Income Tax Portal to collect Direct Tax on behalf of Central Board of Direct Taxes (CBDT), Government of India. The Bank's customers can now benefit from an intuitive, hassle-free payment experience for
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IDFC FIRST Bank goes live on Direct Tax Collection System of CBDT
Updated : 1 year, 2 months ago IST
Mumbai (Maharashtra) [India], January 9: IDFC FIRST Bank announced its integration with Income Tax Portal to collect Direct Tax on behalf of Central Board of Direct Taxes (CBDT), Government of India. The Bank's customers can now benefit from an intuitive, hassle-free payment experience for p
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