New Delhi, Apr 1 The Income Tax Act, 2025, which came into effect on Wednesday, marks a new chapter in India's tax administration and is an important step towards Viksit Bharat, the Central Board of Direct Taxes (CBDT) said.The new Act replaced the six-decade-old Income Tax Act, 1961, and...
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New Delhi, March 23 The Income Tax department on Monday said its e-filing portal will facilitate compliance under the old and Income Tax Acts, and all assessments, appeals, and other proceedings relating to earlier years will continue to be conducted under the old Act until their final...
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New Delhi, March 18 The net direct tax collection grew by 7.1 per cent to about Rs 22.8 lakh crore till March 17 of this fiscal, due to slower refunds and higher corporate tax collection.Data released by the Income Tax Department on Wednesday showed that net corporate tax collection grew by...
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New Delhi, March 14 The Income Tax department on Saturday asked taxpayers to ignore any emails they may have received, if any, alerting them about "significant transactions" as part of the Advance Tax e-campaign.In a post on X, the Central Board of Direct Taxes (CBDT) said that some taxpayers...
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ay 2026-27
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The Income Tax Department has issued a clarification regarding certain email communications sent to taxpayers as part of the Advance Tax e-Campaign for Assessment Year 2026-27.In a statement, the department informed that some taxpayers had received emails containing inaccurate details...
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Mumbai, March 6 The Reserve Bank of India (RBI) on Friday said it will conduct an open market operation (OMO) of Rs 1 lakh crore, purchasing government securities in two tranches on March 9 and March 13.Each tranche of the auction will involve Rs 50,000 crore, it said.The OMO purchase...
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