CBDT holds outreach webinar on new Income-tax Act 2025 and new Income-tax Rules 2026
New Delhi, June 12
The Central Board of Direct Taxes organised an outreach webinar on "Decoding the new Income-tax Act, 2025: International Tax and Transfer Pricing Aspects" to facilitate the transition into the country's updated fiscal framework.
According to the Ministry of Finance, the virtual event focused on the structural shifts brought by the new Income-tax Act, 2025 and the accompanying new Income-tax Rules, 2026.
The session drew substantial international interest, registering more than 1,100 participants from 16 overseas jurisdictions, including the United States, the United Kingdom, Australia, China, Singapore, Japan, and the United Arab Emirates.
Senior officials from the Income Tax Department and partners from PwC India structured the dialogue around cross-border taxation and compliance mechanisms. The official delegation included Monica Bhatia, Principal Chief Commissioner of Income Tax (International Taxation), Raman Chopra, Chief Commissioner of Income Tax (International Taxation), and Anjula Jain, Commissioner of Income Tax (International Taxation)-2, New Delhi.
Addressing the participants, Monica Bhatia, highlighted the collective efforts of the Department and stakeholders which ensured the smooth transition to the new Income-tax Act, 2025. She also elaborated upon the growing importance of cross-border transfer pricing mechanisms, international cooperation, and India's expanding role in the global taxation ecosystem.
Further, she spoke about the "success and relevance of Advance Pricing Agreements and emphasized the importance of Safe Harbour provisions in ensuring certainty and ease of compliance for taxpayers."
A presentation was also made on the key changes, structural reforms, and comparative aspects of the Income-tax Act, 1961 vis-a-vis the Income-tax Act, 2025, including newly introduced rules, forms and procedural updates.
The participants posed numerous queries during the interactive session, which were responded to by the senior officers of the Income Tax Department. The various participants appreciated the initiative, and expected to have more such engagements with the Department.
— ANI
Reader Comments
Finally some clarity on transfer pricing! As a CA, I've been waiting for these updates. The 1,100+ overseas participants show India's tax system is getting global attention. Hope the Safe Harbour provisions are genuinely beneficial and not just for MNCs with deep pockets. 🤔
Interesting development for foreign investors like myself. The Indian tax landscape is maturing. Participating from US, appreciate the move towards certainty via Advance Pricing Agreements. However, hope the transition is smooth and doesn't disrupt existing cross-border contracts. Good step forward.
Have to say, the outreach webinar concept is smart—engaging foreign jurisdictions directly shows India is serious about international tax cooperation. But I worry about the implementation cost for mid-sized firms. Will the new rules actually reduce litigation or just add another layer of bureaucracy? Time will tell.
Attended the webinar from UK. Very well organized! The comparison between old and new Act was helpful. But one critique—the session was a bit technical for smaller players. Hope CBDT holds more basic-level sessions too for startups and SMEs exploring cross-border trade. Overall, positive move for India's global tax reputation.
Great to see India taking the lead in international taxation dialogues! The presence of 16 countries shows we're not just a follower anymore. But please ensure these webinars are recorded and made available online—many working professionals in UAE time zone couldn't join live. 🕐
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.