**Executive Summary**
The Income Tax Department conducted the “PRARAMBH–2026” outreach campaign on May 8, 2026, in Mumbai to sensitize stakeholders to the new Income-tax Act, 2025 and Income-tax Rules, 2026. The program focused on simplifying tax administration, enhancing transparency, and providing technical insights into International Taxation and Transfer Pricing. Key highlights included the introduction of the AI-powered chatbot ‘Kar Saathi’ and guidance on transitional provisions from the 1961 Act.
**Key Points / Main Content**
**Overview of the New Tax Framework**
* Introduction of the Income-tax Act, 2025 and Income-tax Rules, 2026, designed as simplified, progressive, and taxpayer-friendly legislation.
* Objective to reduce complexities and enhance the ease of compliance within the evolving tax administration system.
* Provision of a comparative overview highlighting the differences between the old Income-tax Act, 1961 and the new 2025 framework.
**International Taxation and Transfer Pricing**
* Specific technical sessions dedicated to explaining provisions related to International Taxation and Transfer Pricing.
* Emphasis on "Bridging Borders, Building Trust" to facilitate smoother international trade and compliance.
**Procedural and Transitional Provisions**
* Clarifications provided on Tax Deducted at Source (TDS) provisions, tax payment procedures, and return filing requirements under the new Act.
* Detailed guidance on transitional provisions to assist stakeholders in moving from the 1961 Act to the 2025 Act.
**Technological Integration**
* Demonstration of ‘Kar Saathi’, a new AI-powered chatbot developed by the Income Tax Department.
* The tool is designed to offer taxpayers real-time guidance and assistance on various tax-related matters.
**Impact Analysis**
**Gem & Jewellery Export Promotion Council (GJEPC) and Diamond Traders**
**Impact**
They are directly affected by the new regulations surrounding international trade, transfer pricing, and specialized industry compliance.
**Action Required**
Members must adopt responsible tax practices and align their business operations with the new international taxation and TDS provisions.
**Tax Practitioners and Chartered Accountants**
**Impact**
These professionals must navigate the legislative shift and provide accurate advice based on the new rules and transitional provisions.
**Action Required**
Study the comparative differences between the 1961 and 2025 Acts to ensure accurate return filing and compliance for their clients.
**General Trade and Industry Stakeholders**
**Impact**
Stakeholders benefit from a more transparent and simplified tax system but must adapt to new filing and payment protocols.
**Action Required**
Utilize available resources such as the ‘Kar Saathi’ AI chatbot and departmental outreach programs to ensure voluntary and timely compliance.
Key Entities Referenced
Income-tax Act, 2025: A new simplified and progressive tax legislation aimed at enhancing transparency and ease of compliance in India's tax administration.
PRARAMBH–2026: An outreach campaign initiated by the Income Tax Department to educate stakeholders on the provisions of the new tax framework.
Income Tax Department: The primary regulatory authority responsible for administering tax laws and organizing the outreach program on international taxation.
Income-tax Rules, 2026: The regulatory framework accompanying the new tax act, specifically covering areas like International Taxation and Transfer Pricing.
Kar Saathi: An AI-powered chatbot introduced by the Income Tax Department to provide taxpayers with real-time guidance on tax-related matters.
Ministry of Finance
“PRARAMBH–2026” Outreach Campaign on
Income Tax Act 2025 held at Bharat Diamond
Bourse, Mumbai
GJEPC members and diamond traders participate in session
on International Taxation and Transfer Pricing under the new
Income Tax Act 2025
Posted On: 08 MAY 2026 6:21PM by PIB Mumbai
Mumbai, 8 May 2026
“PRARAMBH–2026” an Outreach Campaign on the Income-tax Act, 2025 and Income-tax Rules,
2026 was organized by the Income Tax Department, CCIT(International Taxation and Transfer
Pricing)West Zone, Mumbai, under the theme “Bridging Borders, Building Trust.” The programme
was conducted in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC) and
Bharat Diamond Bourse (BDB), Mumbai. The outreach initiative was aimed at creating
awareness and enhancing stakeholder understanding of the provisions of the new Income-tax
Act, 2025 and the Income-tax Rules, 2026, with special emphasis on International Taxation and
Transfer Pricing.
The programme witnessed participation from more than 200 stakeholders, including members of
the Gem & Jewellery Export Promotion Council (GJEPC), traders associated with Bharat Diamond
Bourse, tax practitioners, chartered accountants, and representatives from the trade and
industry.
In his welcome address Shri Mehul Shah, Vice President, Bharat Diamond Bourse highlighted the
significance of taxpayer awareness and constructive engagement between the Department and
industry for ensuring efficient tax administration and promoting voluntary compliance. Shri
Shaunak Parikh, Vice Chairman, Gem & Jewellery Export Promotion Council (GJEPC),
emphasized the important role of industry stakeholders in promoting responsible tax practices
and fostering trust-based compliance mechanisms.
Chief Guest Ms. Nirupama Kotru, Chief Commissioner of Income Tax (International Taxation &
Transfer Pricing), West Zone, Mumbai and Shri Mohit Jain, Chief Commissioner of Income Tax
highlighted that the Income-tax Act, 2025 is a simplified, progressive, and taxpayer-friendly
legislation aimed at enhancing transparency, reducing complexities, and promoting ease of
compliance in the evolving tax administration system. This was followed by an audio-visual
presentation on the Income-tax Act, 2025 aimed at familiarizing participants with the latest
legislative and regulatory developments introduced under the new tax framework.
An interactive technical session on “Ushering in the Income-tax Act, 2025 and Income-tax
Rules, 2026 relating to International Taxation and Transfer Pricing” was conducted by the
Department where detailed insights into the provisions of the new Income-tax Act, 2025 andIncome-tax Rules, 2026 was explained to participants with a comparative overview on the
provisions of new and old Income Tax Act.
The programme also featured a demonstration of ‘Kar Saathi’, the Income Tax Department’s
newly introduced AI-powered chatbot designed to provide taxpayers with real-time guidance
and assistance on tax-related matters.
Members of GJEPC and Bharat Diamond Bourse actively participated in the two-hour interactive
session. Participants raised several queries and sought clarifications on issues relating to TDS
provisions, tax payment and return filing provisions under the Income-tax Act, 2025,
transitional provisions from the Income-tax Act, 1961 to the new Income-tax Act, 2025, and
provisions relating to International Taxation and Transfer Pricing. The queries raised during the
session were comprehensively addressed by senior officers of the Income Tax Department. The
outreach programme was widely appreciated by participants for its informative, practical, and
interactive approach towards taxpayer education and stakeholder engagement.
* * *
PIB Mumbai | Sriyanka Chatterjee/Darshana Rane
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