These measures include integrating assessment and penalty proceedings into a single process, a move expected to significantly reduce the time and resources taxpayers expend.
While speaking at a post-Budget interactive session organised by the Confederation of Indian Industry (CII), the Secretary highlighted key reforms in direct taxation, and noted that the timeline for revising income tax returns has been extended by one quarter, giving taxpayers additional tim
Union Finance Minister Nirmala Sitharaman on Sunday announced a series of tax-related proposals in the Union Budget 2026 aimed at improving ease of living, simplifying compliance, and providing relief to common taxpayers.
The Government of India has completed the implementation of several key direct tax reforms announced in recent Union Budgets, aiming to enhance investment certainty and reduce the compliance burden for taxpayers. As the presentation of the Union Budget 2026-27 approaches, the Ministry of
PM Modi outlined key reforms, including GST reforms that boosted MSMEs and positively impacted sectors; 100% FDI approved insurance sector; Income Tax law updated after 60 years, benefiting crores of taxpayers and labour reforms that will benefit workers, industry. He linked reforms to In
The Government of India has launched a data-driven "NUDGE" campaign for the Assessment Year 2025-26 to encourage taxpayers to voluntarily review their deduction and exemption claims. This initiative uses risk analytics to identify claims that appear potentially ineligible. According to a rel
The Comptroller and Auditor General of India (CAG) presented a compliance audit report on Goods and Services Tax (GST) for the year ended March 2023, highlighting several issues with the Central Board of Indirect Taxes and Customs (CBIC)'s oversight. The report, divided into four chapters
The Central Board of Direct Taxes (CBDT) has stepped up its data-driven push to curb bogus tax deduction claims, warning taxpayers to correct wrong filings after uncovering widespread misuse of donation-based exemptions, according to a Ministry of Finance release issued on Saturday.
The Income Tax Department has issued a fresh public advisory cautioning taxpayers--especially senior citizens--against a growing number of fraudulent emails, SMS messages and websites impersonating the Department to steal personal and financial information.
Chairing a review meeting with officials from the Excise, Transport, Commercial Taxes, and Registration & Stamps departments, the Chief Minister said the government is committed to inclusive growth and the welfare of all sections of society. He stressed that improved revenue performan
Reacting to the Vande Mataram debate in Parliament on Monday on the 150th anniversary of the National Song, All India United Democratic Front (AIUDF) leader Rafiqul Islam said that allocating 8 hours for discussion on Vande Mataram was redundant, and taxpayers' money was being wasted.
Aparna Karan, Principal Chief Commissioner of Income Tax, on Friday attended an outreach programme on 'Compliance Under the Income Tax Act and Taxpayers' Services' at the ONGC Auditorium, organised by the Principal Commissioner of Income Tax Office, Dehradun.