The Income Tax Department organized an outreach program titled 'Prarambh 2026 – Bridging Borders, Building Trust' in Gurgaon, focusing on international taxation, transfer pricing, and advance pricing agreements ahead of the rollout of the Income-tax Act, 2025, and Income-tax Rules, 2026.
Key Participants and Objectives
Representatives from major multinational companies, chartered accountants, and tax practitioners attended the session. The program aimed to facilitate dialogue and knowledge-sharing on India's evolving tax framework.
Speakers' Insights
Anjula Jain, Commissioner of Income Tax (International Taxation)-2, New Delhi, emphasized that the program provided an important platform for dialogue and knowledge-sharing on India's evolving tax framework.
Monica Bhatia, Principal Chief Commissioner of Income Tax (International Taxation), New Delhi, highlighted the importance of close coordination between the department and stakeholders for a smooth transition to the new law. She expressed confidence in the department's readiness to address future challenges under the updated regime. Bhatia also noted the growing significance of cross-border transfer pricing, global cooperation, and India's expanding role in international taxation. She stated that Gurgaon has emerged as a key hub for international taxation, creating opportunities for capacity building and professional excellence. She underlined the success of advance pricing agreements and the role of safe harbor provisions in providing certainty and easing compliance.
Raman Chopra, Chief Commissioner of Income Tax (International Taxation), New Delhi, said the transition process had begun successfully and credited the department's proactive outreach and awareness efforts. He also referred to new initiatives such as the Kar Saathi platform and reiterated the department's commitment to trust-based tax administration.
Presentations and Feedback
Officials gave a detailed presentation on key changes, structural reforms, and procedural updates under the new law. Participants from industry bodies and consultancy firms welcomed the outreach initiative, appreciating the department's efforts to engage stakeholders.
