Income Tax News
CBDT Notifies TDS Exemption on Ship Lease Rentals Paid to IFSC Units Under Income Tax Act, 2025
04 July 2026 at 09:39CBDT has notified that no TDS will be deducted on lease rent paid for ship leasing to eligible IFSC units claiming deduction under Section 147 of the Income-tax Act, 2025, subject to specified conditions.
CBDT Notifies University of Hyderabad and PHFI as Approved Scientific Research Institutions Under Income Tax Act, 2025
29 June 2026 at 09:24CBDT has notified the University of Hyderabad and the Public Health Foundation of India as approved scientific research institutions under the Income-tax Act, 2025, for Tax Years 2026-27 to 2030-31.
Income Tax Department Enables Online Challan Correction Facility
25 June 2026 at 09:35The Income Tax Department's online Challan Correction facility allows taxpayers to correct AY, Tax Year, Major Head and Minor Head errors. Check eligibility, timelines, FAQs, user manual steps and important restrictions
ITR-3 Utility Released for AY 2026-27: Excel Utility, JSON Schema and Validation Files Now Available
20 June 2026 at 09:18The Income Tax Department has released the ITR-3 Excel Utility for AY 2026-27. Check eligibility, utility details, filing deadlines, and what business taxpayers should do next.
Income Tax Act 2025: Key FAQs on Proposed Tax Exemption for FIIs Investing in G-Secs
15 June 2026 at 09:42The government has released FAQs explaining the proposed tax exemption for Foreign Institutional Investors (FIIs) on interest income and capital gains from Government Securities under the Income Tax Act, 2025. Here's what investors need to know.
Income Tax Act, 2025: CBDT Organises Webinar on Cross-Border Taxation and Transfer Pricing
13 June 2026 at 09:17The Income Tax Department and PwC India hosted a webinar on the Income-tax Act, 2025, covering international tax, transfer pricing, new rules, compliance updates and cross-border taxation reforms.
Senior Citizens Welfare Fund Interest Rate Fixed at 6.85% for FY 2025-26
09 June 2026 at 09:20The Ministry of Finance has notified an interest rate of 6.85% on deposits under the Senior Citizens Welfare Fund (SCWF) for the period from April 1, 2025 to March 31, 2026. Read the details of the latest notification.
CBDT Releases Guidelines for Compulsory Income Tax Scrutiny During FY 2026-27
08 June 2026 at 09:31CBDT has issued the guidelines for compulsory selection of income tax returns for complete scrutiny during FY 2026-27. Check the six categories of cases that will face mandatory scrutiny, key compliance requirements and important deadlines.
FPI Investments in G-Secs Become Tax-Free Under Income-tax (Amendment) Ordinance, 2026
06 June 2026 at 09:35The Income-tax (Amendment) Ordinance, 2026 exempts FPIs from tax on interest and capital gains from Government Securities, complementing major reforms to attract foreign investment.
Form 40 Mandatory for Claiming Relief on Foreign Pension Accounts under IT Act 2025
05 June 2026 at 09:36The Income Tax Department has released detailed FAQs on Form 40 under the Income Tax Act 2025. Know who must file it, eligibility conditions, due dates, required documents and how to claim tax relief on foreign retirement benefit accounts.
Popular News
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- CBDT Revises Administrative Subordination of Income Tax (Appeals) Authorities under IT Act 2025
- CBDT Revises Form 161 for Penalty Waiver Applications Under Income Tax Act 2025
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