Overview
The CBDT and PwC India hosted an online session on 9 June 2026 to explain the transition to the Income-tax Act, 2025 and the forthcoming Income-tax Rules, 2026. The webinar focused on International Taxation and Transfer Pricing aspects.
Key Developments
- Over 1,100 participants from 16 overseas jurisdictions (USA, UK, Australia, China, Singapore, Cyprus, Japan, Mauritius, Qatar, UAE, etc.) attended.
- Senior officials – Ms. Monica Bhatia (Principal Chief Commissioner, International Taxation), Shri Raman Chopra (Chief Commissioner, International Taxation) and Dr. Anjula Jain (Commissioner, International Taxation‑2) – presented the roadmap for the new law.
- Emphasis on the growing role of Advance Pricing Agreements and the need for robust Safe Harbour provisions to aid taxpayers.
- Presentation of comparative analysis between the Income-tax Act, 1961 and the new 2025 Act, highlighting new forms, procedural updates and structural reforms.
Important Facts
The session allowed participants to raise queries, which were answered by the senior officers. Feedback was positive, with many requesting similar engagements in the future. The webinar served as a platform for knowledge sharing on India’s evolving tax framework and underscored the importance of international cooperation.
Exam Relevance
Understanding the new tax regime is essential for GS‑3 (Economy) as it impacts fiscal consolidation, foreign investment and compliance burden. The focus on Transfer Pricing and APA reflects India’s alignment with global tax standards such as the OECD Base‑Erosion and Profit‑Shifting (BEPS) project.
Way Forward
Stakeholders are encouraged to study the detailed provisions of the Income-tax Act, 2025 and the upcoming Income-tax Rules, 2026. Continuous dialogue with the department, leveraging Safe Harbour mechanisms and seeking APA where applicable will help taxpayers adapt smoothly.