CBDT launches second NUDGE initiative to boost voluntary compliance on foreign asset disclosure

November 27, 2025 4:30 PM

CBDT launches second NUDGE initiative to boost voluntary compliance on foreign asset disclosure

The Central Board of Direct Taxes (CBDT) has launched the second phase of its NUDGE initiative to strengthen voluntary compliance relating to the disclosure of foreign assets and income. Beginning November 28, the department will send SMS and email alerts to identified taxpayers, advising them to review and revise their Income Tax Returns (ITRs) for AY 2025–26 by December 31, 2025, to avoid penal consequences. According to the finance ministry, the initiative follows an analysis of Automatic ...

Empowering Digital Tax Compliance- Navigating the extended ITR deadline

September 8, 2025 4:43 PM

Empowering Digital Tax Compliance- Navigating the extended ITR deadline

In response to structural changes in ITR forms and the need for a robust system rollout, the Central Board of Direct Taxes (CBDT) has shifted the Income Tax Return (ITR) filing deadline for FY 2024–25 (Assessment Year 2025–26) from 31 July to 15 September 2025. Announced by PIB on 27 May, this extension targets non-audit taxpayers, like salaried individuals, HUFs, and small proprietors using presumptive schemes, and reflects the government's commitment to delivering a smoother, more accessib...