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&nbsp;CBDT (Central Board of Direct Taxes) Chairman Ravi Agarwal has clarified that the department is currently investigating “high-value” and “red-flagged” refund claims due to suspected incorrect deductions.&nbsp;

Income Tax Refund Delays: CBDT says pending dues to be cleared by December; here’s how to check your refund status

India will roll out freshly designed income-tax return forms under the new Income Tax Act, 2025, with the Finance Ministry set to notify them by January 2026. The updated forms and rules will come into force from April 1, 2026, giving taxpayers time to adjust to the new system.

New ITR forms to be notified by January 2026: Know when they take effect

The extension applies to assessees covered under clause (a) of Explanation 2 to sub-section (1) of Section 139 of the Income-tax Act, 1961 — a category that typically includes companies, firms, and individuals whose accounts are required to be audited.

CBDT extends ITR and audit report filing deadlines for AY 2025–26

CBDT received representations from various professional associations, including Chartered Accountant bodies, highlighting certain difficulties being faced by taxpayers and practitioners in the timely completion of audit reports.&nbsp;

Income Tax Audit: CBDT extends deadline for filing various audit reports to October 31

CAG, CBDT sign MoU to strengthen audit cooperation and tax administration

The Institute of Chartered Accountants of India (ICAI) plans to ask CBDT for more time on corporate tax audit filings, citing heavy workloads and tight deadlines. The move is aimed at reducing errors and easing pressure on both companies and auditors.

ICAI to push CBDT for deadline extension on corporate tax audits

Today, 15 September, is the final deadline to file income tax returns for AY 2025-26. The Income Tax Department confirmed that over 7 crore ITRs have already been submitted and ruled out any further extension.

Last date to file ITR today, September 15; over 7 crore returns already filed, says Income Tax Department

The CBDT is the apex policy-making body for the Income Tax Department and is headed by a chairman, with up to six members of special secretary rank

Centre extends CBDT Chairman Ravi Agrawal’s tenure till June 2026

Attention, cryptocurrency investors! The Central Board of Direct Taxes is probing high-risk individuals' unaccounted income for suspected evasion and laundering through investment in cryptocurrency. Entities and individuals engaged in virtual digital asset (VDA) transactions while failing to comply with the Income-tax Act, 1961, have been identified for verification.

&nbsp;

Invested in crypto? Unaccounted income invested in virtual digital assets on radar, say sources

The Central Board of Direct Taxes (CBDT) has released its Central Action Plan (CAP) for the financial year 2025-26, outlining strategies to achieve a direct tax collection target of Rs 25.2 lakh crore.

CBDT Releases Central Action Plan for FY 2025-26 with Focus on Tax Collection and Arrears Reduction

A major change in the ITR forms this year is that ITR-1 (SAHAJ) can be filed for notifying long-term capital gains (LTCG) under section 112A. This is subject to the condition that the LTCG is not more than Rs 1.25 lakh, and the income tax assessee has no loss to carry forward or set off under the capital gains head.

ITR FY24-25: CBDT notifies ITR-1, ITR-4 forms; check out key changes

The Central Board of Direct Taxes (CBDT) has launched a new campaign aimed at informing taxpayers about the importance of declaring foreign assets in their Income Tax Returns (ITR). The initiative focuses on ensuring compliance with tax laws and helps taxpayers understand their reporting obligations regarding foreign assets.

CBDT Launches Campaign to Inform Taxpayers on Undeclared Foreign Assets in ITR

ITR Filing Deadline Extend:&nbsp;The income tax department has announced a 15-day extension for corporates to file their income tax returns, moving the deadline to November 15 for the assessment year 2024-25.

ITR Filing Deadline Extended: I-T Dept extended the last date of income tax filing by 15 days

Newly appointed CBDT chairman Ravi Agrawal has told Income Tax Department officials that the decisions they take have implications on the nation's economy, ease of doing business and international transactions as he asked them to draw a 100-day action plan.

Our decisions have effect on nation's economy: New CBDT chief to I-T officials

Ravi Agrawal, a 1988-batch IRS officer, will take over from Nitin Gupta, a 1986-batch Indian Revenue Service officer whose extended tenure as the chairman ends on June 30.

Ravi Agrawal to over as CBDT chairman from Nitin Gupta

The department is undertaking an e-campaign, which aims to inform such persons/entities of significant financial transactions, through email (marked as Advance Tax e-Campaign-Significant Transactions for AY 2024-25) and SMS, urging them to compute their advance tax liability correctly and deposit the due advance tax on or before March 15.

CBDT starts sending emails, SMSs to assessees for mismatches in tax profiles, financial transactions in FY24

The Income Tax Department has identified certain mismatches between the information received from third parties on interest and dividend income, and the Income Tax Return (ITR) filed by taxpayers. In many cases, taxpayers have not even filed their ITRs, it said.

CBDT identifies mismatches in ITRs, third-party info

Budget 2024: What was achieved, what was not? What did the country get in the interim budget? Opinion of veterans on the budget, watch special conversation with CBDT Chairman Nitin Gupta and CBIC Chairman Shri Sanjay Aggarwal

Exclusive Chat with CBDT Chairman Nitin Gupta & CBIC Chairman Sanjay Agarwal

The Income Tax department on Wednesday prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh.

CBDT prescribes rules to calculate income from life insurance where premium exceeds Rs 5 lakh

Finance Minister Nirmala Sitharaman said that tax revenue has been steadily increasing in the last three to four years, even though tax rates have not been hiked. She attributed this to the efforts of the Central Board of Direct Taxation (CBDT) to control evasion and the use of technology to improve tax collection. This is good news for taxpayers, as it means that they are not being overburdened by taxes.

Tax revenue steadily increasing without tax rate hikes: Nirmala Sitharaman

cbdt

 CBDT (Central Board of Direct Taxes) Chairman Ravi Agarwal has clarified that the department is currently investigating “high-value” and “red-flagged” refund claims due to suspected incorrect deductions. 

India will roll out freshly designed income-tax return forms under the new Income Tax Act, 2025, with the Finance Ministry set to notify them by January 2026. The updated forms and rules will come into force from April 1, 2026, giving taxpayers time to adjust to the new system.

The extension applies to assessees covered under clause (a) of Explanation 2 to sub-section (1) of Section 139 of the Income-tax Act, 1961 — a category that typically includes companies, firms, and individuals whose accounts are required to be audited.

CBDT received representations from various professional associations, including Chartered Accountant bodies, highlighting certain difficulties being faced by taxpayers and practitioners in the timely completion of audit reports. 

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Income Tax Refund Delays: CBDT says pending dues to be cleared by December; here’s how to check your refund status

New ITR forms to be notified by January 2026: Know when they take effect

CBDT extends ITR and audit report filing deadlines for AY 2025–26

Income Tax Audit: CBDT extends deadline for filing various audit reports to October 31

CAG, CBDT sign MoU to strengthen audit cooperation and tax administration

ICAI to push CBDT for deadline extension on corporate tax audits

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Davos 2026: India rolls out 10,000 sq ft mega pavilion as states court global investors

India's real estate sentiment stays firm in Q4 2025 on office demand, stable liquidity: Knight Frank–NAREDCO

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