Top Taxpayers - Business Outrank

The CBDT has directed its attention towards major taxpayers and fake exemption claims to increase direct tax collections for the 2025-26 financial year. The Central Board of Direct Taxes has released a Central Action Plan (CAP) to direct essential revenue-generating strategies for achieving the Union government's difficult fiscal target of ₹25.20 lakh crore. The total revenue includes ₹10.82 lakh crore from corporate tax and ₹13.60 lakh crore from personal income tax and other non-corporate taxes and ₹78,000 crore from securities transaction tax (STT). The FY 2024-25 net direct tax collection reached ₹22.26 lakh crore which fell short of the revised ₹22.37 lakh crore target because of record-high refunds totaling ₹4.76 lakh crore. The CBDT requires tax officials to track advance tax payments closely while identifying false deduction claims that reduce actual revenue collection. The system will use sector-based analysis to detect negative payment patterns which will force non-compliant individuals and companies to review their tax obligations. The plan requires officials to identify underperforming regions through profiling and focus on districts that fail to meet revenue expectations. Tax officials need to pursue both past-due payments and present demands especially since the Commissioner of Income Tax (Appeals) confirmed ₹1.95 lakh crore in FY 2024-25. The current arrear demand amounts to ₹48.17 lakh crore. The department will start awareness programs about legitimate tax deductions and exemptions while promoting updated ITR filings to enhance compliance. The new tax regime aims to promote migration while it disallows deductions in exchange for a flat tax rate that prevents misuse.

What's Hot

CBDT Targets Top Taxpayers and Bogus Deductions to Boost 2025-26 Revenue

Bharti Airtel, Tata Group Scrap DTH Merger Talks After Failing to Reach Agreement

Samsung Battles $520 Million Tax Blow, Cites Reliance’s Past Practice

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Top Taxpayers

CBDT Targets Top Taxpayers and Bogus Deductions to Boost 2025-26 Revenue

CBDT Targets Top Taxpayers and Bogus Deductions to Boost 2025-26 Revenue

Bharti Airtel, Tata Group Scrap DTH Merger Talks After Failing to Reach Agreement

Samsung Battles $520 Million Tax Blow, Cites Reliance’s Past Practice

Board of Indian Bank Approves Major Capital Raising Plan Worth ₹7,000 Crore

Our Picks

CBDT Targets Top Taxpayers and Bogus Deductions to Boost 2025-26 Revenue

Bharti Airtel, Tata Group Scrap DTH Merger Talks After Failing to Reach Agreement

Samsung Battles $520 Million Tax Blow, Cites Reliance’s Past Practice

Most Popular

CBDT Targets Top Taxpayers and Bogus Deductions to Boost 2025-26 Revenue

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Top Taxpayers