The Latest Breaking News from Central Board of Direct Taxes

Income Tax Rules 2026: CBDT notifies Form 173A to claim exemption on interest, capital gains from government securities

In a significant update, the Central Board of Direct Taxes has rolled out Form 173A, effective from October 19, 2026, under the Income-tax Rules. Taxpayers aiming for exemptions on interest and capital gains from government securities must now provide in-depth information, including their securities holdings and personal ID.

The Economic Times · Oct 21

CBDT makes Form 173A mandatory to claim tax exemption on interest and gains from government securities

The Central Board of Direct Taxes has introduced Form 173A for income-tax exemption claims. This new form includes detailed information to be submitted by foreign institutional investors. Exemptions are available for interest and capital gains on government securities according to recent amendments. The Income-tax Act, 2025, provides these exemptions starting…

The Economic Times · Oct 20

CBDT exempts interest payments on rupee-denominated bonds issued by New Development Bank from TDS

The exemption applies to holders of Maharajah INR Bonds who are Indian residents or foreign institutional investors, for the 2026-27 tax year and subsequent tax years.

The Economic Times · Oct 19

I-T Department detects over ₹150 crore black income after raids on Rajasthan group

The Central Board of Direct Taxes said the I-T Department has seized "unaccounted assets" of over ₹11 crore so far. The CBDT frames policy for the Tax Department.

The Hindu · Aug 11, 2022

IRS officer Nitin Gupta appointed new CBDT chairman

The CBDT is headed by a Chairman and can have six members who are in the rank of special secretary. It is the administrative body for the Income Tax department.

The Hindu · Jun 27, 2022

Bureaucracy: Nitin Gupta appointed as Chairman CBDT

The Government of India on Monday appointed IRS Nitin Gupta as chairman of the Central Board of Direct Taxes (CBDT). Read more on Dynamite News:

Dynamite News · Jun 27, 2022

IT department detects over ₹400 crore tax evasion after raids on Tamil Nadu-based liquor, hospitality groups

The raids were launched on June 15 and more than 40 premises in cities such as Chennai, Viluppuram, Coimbatore, and Hyderabad were covered

The Hindu · Jun 20, 2022

30% tax on income from crytocurrencies to be applicable from April 1, TDS from July 1: CBDT chief

NEW DELHI: The proposed 30 per cent taxation on income from cryptocurrencies and other virtual assets will come into effect from April 1, Central Board of Direct Taxes chairman JB Mohapatra told news agency ANI on Thursday.

The Times of India · Mar 17, 2022

Crypto Tax Doesn't Legalize Trading: Indian Tax Department Chief

The head of the Central Board of Direct Taxes (CBDT) in India said the recent announcement of a 30% tax on crypto holdings doesn’t necessarily make the crypto trade legal in India.

Benzinga · Feb 2, 2022

I-T inspector, others booked for alleged fraudulent refund of ₹263 crore

Case has been registered on a complaint from the Central Board of Direct Taxes

The Hindu · Jan 27, 2022