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.
Union Finance Minister Nirmala Sitharaman criticised the DMK and Opposition for politicising the issue of caste census, urging the public to view it through the lens of social upliftment rather than political victory.
Sitharaman added that consolidating services at the Corporate Bhawan will significantly cut costs, accelerate the approval process, and improve operational efficiency, which will help enhance the Ease of Doing Business.
The committee includes Minister of Agriculture and Farmers Welfare Shivraj Singh Chouhan, Finance Minister Nirmala Sitharaman, and National Institution for Transforming India (NITI) Aayog Vice Chairman Suman Bery as its members.
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman stated that, amid the changing world order, India must prepare to tackle challenges and seize opportunities.
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, highlighted that global financial institutions like the IMF and the World Bank have recognised India's strong growth potential and its important role in supporting global trade.
During her official visit to the US, Finance Minister Nirmala Sitharaman praised Prime Minister Narendra Modi's leadership while addressing the Indian diaspora in San Francisco, highlighting governance, technology, and renewable energy achievements.
Upon her arrival, she was received by Vinay Mohan Kwatra, Ambassador of India to the US, and Srikar Reddy Koppula, Consul General of India in San Francisco.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman will be on an official visit to USA and Peru beginning 20th April, 2025, according to an official statement by the Ministry.
Finance Minister Sitharaman, in particular, urged investors to remain informed, patient, and confident in the long-term promise of disciplined wealth creation.