NUDGE campaign 2025: CBDT urges taxpayers to voluntarily disclose overseas assets and income via data-driven alerts — details on who is targeted, deadlines, past impact, and potential penalties. CBDT launches NUDGE campaign to push voluntary tax compliance What is the NUDGE campaign? The CBDT has rolled out a fresh initiative named “NUDGE” — standing for…
CBDT Awards TaxNet 2.0 Project to Bharti Airtel Introduction to the CBDT Award The Central Board of Direct Taxes (CBDT) has awarded the TaxNet 2.0 project to Bharti Airtel, marking a significant development in India’s tax administration. This project aims to enhance the efficiency and transparency of the taxation system through advanced technological solutions. Bharti…
Ravi Agrawal Appointed as CBDT Chief, Succeeds Nitin Gupta New Appointment in CBDT The Central Board of Direct Taxes (CBDT) has announced the appointment of Ravi Agrawal as its new chairman. Agrawal, a 1988-batch Indian Revenue Service (IRS) officer, will succeed Nitin Gupta, who completed his term on June 30, 2024. Career and Experience Ravi…
Income Tax Department Sets Cost Inflation Index for FY 2024-25 The Income Tax department has announced the Cost Inflation Index (CII) for the financial year 2024-25, setting it at 363. This index is essential for taxpayers as it helps in accurately calculating long-term capital gains by adjusting for inflation. Importance of Cost Inflation Index (CII)…
