The Union government has released a comprehensive set of Frequently Asked Questions (FAQs) to clarify the new machine-based levy system for chewing tobacco, jarda scented tobacco and gutkha. Issued by the Central Board of Indirect Taxes and Customs (CBIC), the clarifications aim to help manufacturers understand the capacity-based excise duty…
Tag: #TaxCompliance
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Income Tax Refund Delays: IT Dept Flags Ineligible Claims
Amid mounting complaints from taxpayers over delayed income tax refunds for the assessment year 2025–26, the Income Tax Department has attributed the slowdown to a surge in ineligible deduction and exemption claims, urging affected individuals to file revised returns by December 31. The clarification comes as social media platforms and…
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CBDT Launches Data-Driven NUDGE to Curb Bogus Tax Deductions
The Central Board of Direct Taxes (CBDT) has intensified its crackdown on bogus claims of deductions and exemptions under the Income Tax Act by adopting a robust, data-driven compliance strategy. As part of this initiative, the tax authority has launched a targeted taxpayer-friendly ‘NUDGE’ campaign to encourage voluntary correction of…