CBDT holds outreach webinar on the new Income-tax Act, 2025 — International Tax and Transfer Pricing

📌 Summary:

• The Income Tax Department (CBDT), with PwC India, held a webinar 'Decoding the new Income-tax Act, 2025 - International Tax and Transfer Pricing Aspects' on 9 June 2026
• Over 1,100 participants from 16 overseas jurisdictions (USA, UK, Australia, China, Singapore, Cyprus, Japan, Mauritius, Qatar, UAE, etc.) joined
• Focused on transition to the new Income-tax Act, 2025 and Income-tax Rules, 2026, replacing the Income-tax Act, 1961
• Discussed cross-border transfer pricing, Advance Pricing Agreements (APAs) and Safe Harbour provisions for compliance certainty and ease
• Presentation compared key structural reforms of the 1961 Act vis-a-vis the 2025 Act, including new rules, forms and procedures

🎯 UPSC Relevance: GS3 — taxation reform, international taxation, ease of doing business.

📝 Prelims Facts:

• CBDT functions under the Department of Revenue, Ministry of Finance
• Income-tax Act, 2025 replaces the Income-tax Act, 1961
• APA and Safe Harbour are transfer-pricing certainty mechanisms

🔑 Key Term: Transfer pricing — pricing of transactions between associated enterprises across borders.