Income Tax Department and PwC India, organised a webinar titled “Decoding the new Income-tax Act, 2025 - International Tax and Transfer Pricing Aspects” on transitioning into the new Income-tax Act, 2025 and new Income-tax Rules, 2026 on 9^th June 2026.

The webinar had over 1,100 participants from 16 overseas jurisdictions viz USA, UK, Australia, China, Singapore, Cyprus, Japan, Mauritius, Qatar, UAE etc and served as an important platform for mutual dialogue and knowledge sharing on the evolving taxation framework in India.

The Department was represented by Ms. Monica Bhatia, Pr. Chief Commissioner of Income Tax (International Taxation), Shri Raman Chopra, Chief Commissioner of Income Tax (International Taxation) and Dr Anjula Jain, Commissioner of Income Tax (International Taxation)-2, New Delhi and PwC India was represented by senior partners.

Addressing the participants, Ms. 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-à-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.

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NB/KMN