CBDT Income Tax Updates

Frequently asked questions

What is the CBDT?

The Central Board of Direct Taxes is a statutory body under the Central Boards of Revenue Act, 1963, in the Department of Revenue, Ministry of Finance. It frames direct tax policy and administers the Income Tax Department.

What changed with the Income-tax Act, 2025?

The Income-tax Act, 2025 replaced the Income-tax Act, 1961 with effect from 1 April 2026. It replaces the 'previous year' and 'assessment year' with a single 'tax year'. Returns for income earned up to 31 March 2026 are still filed under the 1961 Act.

Are CBDT circulars binding?

CBDT circulars issued under the Act are binding on income-tax authorities, but not on taxpayers or the courts. A taxpayer can rely on a beneficial circular, while the courts interpret the law independently.

How do I appeal against an income tax order?

A first appeal against an assessment order lies to the Commissioner of Income-tax (Appeals) or the Joint Commissioner (Appeals). A further appeal lies to the Income Tax Appellate Tribunal, then to the High Court on a substantial question of law, and finally to the Supreme Court.

How can White Collar Professional help with a CBDT or income tax matter?

Post your requirement on White Collar Professional to receive proposals from verified Chartered Accountants and tax Advocates, compare them, and pay securely through the platform. This page also tracks the latest CBDT or income tax CBDT circulars and income tax updates as they are reported.