CBDT News

Record-Breaking Tax Recovery: CBDT Collects Rs 20,000 Crore, Doubling Last Year's Figures

The CBDT has recovered Rs 20,000 crore in the first quarter, doubling last year's figures. Efforts are intensifying to meet the Rs 1.96 lakh crore target this fiscal year, focusing...

CBDT Clarifies: No Tax Deductions for Legal Settlements Under These 4 Key Indian Laws

The CBDT has announced that expenditures for settling legal proceedings under four specific laws cannot be claimed as tax deductions, affecting businesses and professionals in Indi...

CBDT Achieves Milestone with Record 174 Advance Pricing Agreements in FY25

The Central Board of Direct Taxes (CBDT) has set a new record by signing 174 Advance Pricing Agreements (APAs) in FY25, totaling 815 APAs. This initiative aims to simplify transfer...

CBDT Launches Campaign to Resolve Mismatches in ITRs and AIS

The income tax department is sending SMS and emails to taxpayers and non-filers with mismatches between transactions in AIS and income in ITRs for 2023-24 and 2021-22, as part of a...