• Registered Members :
  • 164783
  • Current Active Members :
  • 104507

News INCOME TAX

  • Jul 26, 2025
  • Big relief coming for taxpayers: THESE low-value income tax cases to be dropped soon

    The central government is continuously working to simplify and streamline the tax system, aiming to reduce disputes. In this direction, Union Finance Minister Nirmala Sitharaman has reportedly given strict instructions to the Central Board of Direct Taxes (CBDT) to identify all departmental tax appeals involving amounts less than the “revised monetary limit announced by the Central Government in Budget 2024-25” and withdraw them within three months.

    This move is part of a comprehensive initiative to enhance the efficiency of tax administration, reduce the legal burden on taxpayers, and alleviate the judicial system of unnecessary disputes.

    “Good policies are not enough in themselves, the real meaning lies in their timely implementation,” the Finance Minister said while addressing senior tax officials during the 166th Income Tax Day celebrations on July 24.