The government has urged stakeholders to study the Income-tax Act, 2025, and make suggestions, which will be compiled and considered for review before final notification. The Income-tax Act, 2025, received the assent of the President in August 2025. The Act will come into effect from 1 April 2026. The corresponding Income Tax Rules and related […]
New Delhi: As many as 88 per cent of individual taxpayers have moved to the new tax regime and the government is not thinking of bringing in a sunset clause for filing income tax returns under the old regime, CBDT Chairman Ravi Agrawal said on Wednesday. He said selecting a particular tax regime is the […]
The Central Board of Direct Taxes (CBDT) chairman on Monday shared an important update regarding the delays in income tax refunds for the financial year 2024-2025. He also informed that the tax department is undertaking an analysis of the wrongful deductions claimed in certain cases. CBDT chairman said that some of the income tax refund […]