New Income Tax Act, 2025 to come into effect from April 1; Major changes and new provisions explained
Tahir Qureshi November 25, 2025 3:36 PM IST
The new Income Tax Bill replaces the six-decade-old Income Tax Act of 1961.
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Tahir Qureshi November 25, 2025 3:36 PM IST
The new Income Tax Bill replaces the six-decade-old Income Tax Act of 1961.
Tahir Qureshi November 8, 2025 10:47 PM IST
Before linking your PAN and Aadhaar, users should ensure that the name, date of birth, and other details on both cards match.
PTI Feeds February 20, 2024 2:35 PM IST
The Central Board of Direct Taxes (CBDT) has set a ceiling of 1 lakh per assessee for the withdrawal of small tax demands until the 2015-16 assessment year.
Tahir Qureshi January 23, 2024 9:56 PM IST
The availability of the Time-Series data in public domain will be useful for academicians, research scholars, economists and the public at large.
Gazi Abbas Shahid September 30, 2023 4:06 PM IST
The CBDT is the apex policy-making body for the Income-tax department. It is headed by a chairman and can have six members who are in the rank of special secretary.
India.com Business Desk July 3, 2023 4:03 PM IST
Any individual who failed to link PAN with Aadhaar till June 30 this year, can start the process at a later date. They will have to pay a penalty of Rs 1,000 to make their PAN operative.
IANS October 26, 2022 9:02 PM IST
The Central Board of Direct Taxes (CBDT) on Wednesday extended the due date for furnishing income tax returns for the assessment year 2022-23.
India.com Business Desk May 26, 2022 7:37 AM IST
The fresh guideline will also be applicable for the opening of a current bank account or cash credit account by a person with a banking company or a co-operative bank or a post office.
India.com Business Desk March 18, 2022 9:40 PM IST
To avail lower tax rate, the business establishments have to opt for it by submitting form 10-IC in electronic form before filing the tax returns.
India.com Business Desk September 2, 2021 10:37 PM IST
Provident Fund Alert: In the fresh notification, the Central government added that the move will enable the government to tax PF income generating from employee contributions that exceed Rs 2.5 lakh annually.
India.com Business Desk August 28, 2021 10:26 PM IST
Income Tax Return Filing Alert: Reports suggest that around 4 lakh ITR returns are being filed per day for the past four days.
India.com News Desk May 8, 2021 12:09 PM IST
The move from the central government has been taken to remove the hardship being faced by relatives and caregivers of COVID-19 patients who visit hospitals for treatment.
India.com Business Desk December 21, 2020 9:27 PM IST
You can check the PAN-Aadhaar linking status on the Income Tax India website.
IANS August 26, 2020 10:40 PM IST
The total refunds include income tax refunds of Rs 29,361 crore and corporate tax refunds of Rs 66,493 crore.
IANS July 12, 2020 11:47 PM IST
In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.
IANS July 8, 2020 11:54 PM IST
"The MoU marks the beginning of a new era of cooperation and synergy between the SEBI and the CBDT," the statement added.
IANS July 5, 2020 9:24 PM IST
Further, banks will have to report tax deducted at source (TDS) for cash withdrawals above Rs 1 crore.
India.com Business Desk July 4, 2020 12:25 PM IST
The decision, the I-T department said in a tweet, was taken 'understanding and keeping in mind the times that we are in', referring to the ongoing coronavirus pandemic.
IANS June 28, 2020 11:55 PM IST
The Income-tax (13th Amendment) Rules, 2020, which includes the provision, shall come into force from April 1, 2021 and shall accordingly apply in relation to the assessment year 2021-22 and subsequent assessment years.
India.com Business Desk June 24, 2020 10:57 PM IST
The last date for the mandatory linking of the Permanent Account Number (PAN) with Aadhaar has been extended till March 2021, the CBDT said.
India.com Business Desk June 24, 2020 10:24 PM IST
In a statement, the CBDT said that extension has been done in reference to the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 brought by the government on March 31.
India.com News Desk December 30, 2019 9:04 PM IST
The CBDT which frames policy for the I-T department stated that the earlier deadline to link PAN with Aadhaar was December 31, 2019.
India.com News Desk November 15, 2019 12:19 AM IST
The department stated that incriminating evidence collected during raids, carried out on November 6, clearly shows "large scale tax evasion and money laundering".
India.com Business Desk September 27, 2019 12:32 PM IST
'Special cases requiring audits' are those ITRs which are to be filed by those entities that are assessed under Section 44AB of the Income Tax Act.
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