Income Tax Department — current affairs timeline

2026

• 20 Oct 2026Income Tax Department notifies tax exemption on interest from New Development Bank's Maharaja Bonds

  The Income Tax Department has notified exemption of tax on interest earned from Maharaja Bonds issued by the New Development Bank (NDB), covering resident India…

  ₹25,000 cr
• 16 Aug 2026Central Board of Direct Taxes (CBDT) Notifies Foreign Asset Disclosure Scheme for Small Taxpayers

  Central Board of Direct Taxes (CBDT) notified the Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS), effective from August 16, 2026, with online dec…

  ₹1 cr
• 20 Jun 2026Income Tax Department reports 14.64 per cent rise in net direct tax collections to ₹5.21 lakh crore

  The Income Tax Department reported net direct tax collections of ₹5,21,024.82 crore as of 17 June 2026 for the financial year 2026-27, marking a 14.64 per cent …

  ₹5,21,024.82 cr

2025

• 20 Dec 2025Income Tax Department records 8% rise in net direct tax collections to ₹17.05 lakh crore this FY till Dec 17.

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Related entities

• BRICS1 shared article · International
• Central Board of Direct Taxes1 shared article · Body
• New Development Bank1 shared article · Banking
• Reserve Bank of India1 shared article · Banking
• World Bank1 shared article · International

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