ICAI releases a detailed study on taxation of the digital economy, examining nexus challenges, digital services taxes and global tax reforms affecting digital businesses.
The Income Tax Department uncovers Rs 408 crore in suppressed sales after surveying 62 restaurants across 46 cities. Under the SAKSHAM NUDGE campaign, 63,000 restaurants have been asked to update their tax returns before 31 March 2026.
Two youths posing as Income Tax officers attempted a fake raid at a residence but were caught by Ramnagar police after locals verified their credentials.
The Central Information Commission has advised the Income Tax Department to create a taxpayer-friendly mechanism to resolve TDS mismatches between Form 16 and Form 26AS and prevent harassment of honest taxpayers.
CBDT notifies the Income Tax (First Amendment) Rules, 2026 to expand reporting requirements under Rule 114F and 114G. The amendment brings crypto assets, electronic money products and central bank digital currency accounts under financial reporting norms.
ED has arrested CAs Ashok Kumar Sharma and Bhaskar Yadav in a Rs 641 crore cyber fraud and money laundering case under the PMLA.
Charitable trusts and tax bodies move the Bombay High Court challenging the Income Tax Department’s insistence on an explicit 'irrevocable' clause in trust deeds for tax exemption registration.
Bombay Chartered Accountants’ Society (BCAS) urges the Finance Ministry to reconsider proposed changes in the Finance Bill 2026 affecting Sovereign Gold Bonds, dividend taxation and TDS rules to protect investors and businesses.
Income Tax Department releases Draft Form No. 137 for TDS/TCS Book Adjustment Statement. Check structure, DDO reporting rules, compliance requirements, and key updates for Accounts Officers and Government departments.
Rahul Gandhi writes to Finance Minister Nirmala Sitharaman seeking withdrawal of income tax on disability pensions under Finance Bill 2026 and immediate funding support for Ex-Servicemen Contributory Health Scheme (ECHS).
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