Chennai, April 21 (IANS) Tamil Nadu Congress Committee president K. Selvaperunthagai on Tuesday faced a sharp rebuttal from the Income Tax Department, which termed his allegations of harassment by officials as “entirely baseless and factually incorrect.” In a detailed press release, the Central Board of Direct Taxes (CBDT) said it had examined claims made by Selvaperunthagai in a social media post dated April 20, in which he alleged that Income Tax officials, under the pretext of searchi…
Latest Central Board of Direct Taxes News & Updates
New Delhi, April 1 (IANS) India’s direct tax system entered a new phase on April 1, 2026, as the Income Tax Act, 2025 officially came into force. The Income Tax Department announced the rollout through a message on X, calling it a step towards a simpler and more user-friendly tax framework aligned with the vision of Viksit Bharat.The new law replaces the decades-old Income Tax Act, 1961, marking one of the biggest overhauls in India’s direct taxation system.The government has focused on maki…
New Delhi, March 20 (IANS) The government on Friday notified the Income-tax Rules, 2026, setting the stage for the rollout of the new Income-tax Act, 2025 from April 1, 2026, with a sharper focus on transparency, stricter disclosures and improved compliance.The Central Board of Direct Taxes (CBDT) has published the Income-tax Rules, 2026 in the e-Gazette, replacing earlier provisions and laying down a detailed framework for the upcoming financial year 2026-27.The new rules aim to simplify proced…
New Delhi, March 9 (IANS) India’s digital platforms ecosystem has streamlined the business lifecycle, from entry to expansion, with unprecedented speed and ease through National Single Window System (NSWS), Government e‑Marketplace, MCA21 and similar tools, the Centre said on Monday.India’s integrated digital infrastructure also widened market access and unlocked liquidity for millions of firms. The National Single Window System has granted over 8,29,750 approvals across 32 central departm…