Cbdt News - Latest Updates & Headlines
India's direct tax collections surge 16.2% to Rs 25.9 lakh crore as of March 16
New Delhi, March 17: 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).
Claims that new powers being introduced in new income tax bill incorrect: Sources
New Delhi, March 9: Sources in the Central Board of Direct Taxes (CBDT) have sought to clear the air after some concerns were raised that Income Tax authorities have been given additional powers in the Income Tax Bill 2025 to gain overriding access to the electronic records including email, social media, and virtual digital space.
CBDT Chairman recognizes women's contributions in Income Tax Department on International Women's Day
New Delhi, March 8: On the occasion of International Women's Day, Ravi Agrawal, Chairman of the Central Board of Direct Taxes (CBDT), shared an official note recognizing the immense contributions of women in the Income Tax Department.
Taxpayers disclose foreign assets worth Rs 29,000cr, foreign income of Rs 1,089cr
New Delhi, March 6: As many as 30,161 Indian citizens have declared foreign assets exceeding Rs 29,000 crores and foreign income of Rs 1,089.88 crore for the Assessment Year (AY) 2024-25, following a special campaign launched by the Central Board of Direct Taxes (CBDT), official sources told IANS on Thursday.
CBDT's trust first approach yields significant result, 30,161 taxpayers declare foreign assets worth more than Rs 29,000 crore
By Shailesh Yadav, New Delhi, 6 March: 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.
CBDT's Centralised Processing Cell--TDS wins Technology Sabha Excellence Award 2025 for innovation in customer experience
New Delhi, February 23: The Centralised Processing Cell--TDS (CPC-TDS), under the Directorate of Income Tax (Systems), has been awarded the Technology Sabha Excellence Award 2025 among government departments, agencies, and institutions for demonstrating innovative use of technology that delivers distinct benefits to stakeholders under the category of Customer Experience.
India's Income Tax reforms to foster more transparent, taxpayer-friendly environment: Experts
New Delhi, Feb 13: The new Income Tax Bill 2025, scheduled to take effect on April 1, 2026, is set to foster a more transparent and taxpayer-friendly environment, representing a historic milestone in India's tax landscape, industry experts said on Thursday.
India's net direct tax collection surges 15 pc to cross Rs 17.78 lakh crore in 2024-25
New Delhi, Feb 11: India's net direct tax collection, comprising mainly corporate tax and personal income tax, jumped by 14.69 per cent to cross the Rs 17.78 lakh crore mark as of February 10 in the current financial year compared to 15.51 lakh crore in the same period of 2023-24, according to a data released by the Central Board of Direct Taxes (CBDT) on Tuesday.
Finance Ministry gave report card on Union Budget 2024-25 ahead of new budget
New Delhi, January 16: As the Union Budget 2025-26 approaches, the Ministry of Finance on Thursday gave a report card on the achievements and progress made on last year's budget announcements.
Gross Direct Tax collection sees 19.94 per cent growth as of January 12
New Delhi, January 13: The gross direct tax collection in India has achieved an impressive year-on-year (YoY) growth of 19.94 per cent, amounting to Rs20.64 lakh crore as of January 12, 2025.