Tag: cbdt

CBDT Streamlines Tax Relief: New Amendments to Form 161 Offer Taxpayers Penalty Waivers

By Sandal Khan Business Correspondent, Zee Media Updated: October 10, 2026 In a significant move toward easing the compliance burden for taxpayers, the Central Board of Direct Taxes (CBDT) has introduced critical amendments to the regulatory framework governing penalty waivers. These changes, centered on the newly revised Form 161, provide a clearer, more accessible pathway […]

CBDT Removes Arrest and Detention from Tax Recovery Rules: A Comprehensive Overview of Major Tax Reforms in India

New Delhi: In a landmark administrative and legislative shift, the Central Board of Direct Taxes (CBDT) has officially removed arrest and detention provisions from the country’s tax recovery rules, with retrospective effect from April 1, 2026. The move fundamentally transforms how the government handles tax defaults, shifting enforcement strictly away from personal incarceration toward asset-based […]

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