Income Tax News
FM Sitharaman in Lok Sabha: Facilitate First, Enforce Where Necessary
27 March 2026 at 09:27FM Nirmala Sitharaman outlines ‘facilitate first’ tax philosophy in Budget 2026. TCS cuts, MSME relief, cooperative tax benefits and fisheries export boost announced.
New Income Tax Act 2025 to Simplify Compliance; Appeal Limits Raised, Says FM in Lok Sabha
27 March 2026 at 09:24FM Nirmala Sitharaman says New Income Tax Act 2025 will simplify tax filing and reduce forms. Government raises appeal limits for ITAT, High Court and Supreme Court.
ITR Refund Delays in FY 2025-26: Over 27 Lakh Returns Still Pending Despite High Processing Rate
27 March 2026 at 09:24Income tax refund delays persist in FY 2025-26 with over 27 lakh ITRs still unprocessed. AI-based checks, AIS mismatches and system validations are slowing refunds.
Big Relief for Taxpayers: FM Sitharaman Allows ITR Updates Even After Reassessment Proceedings
26 March 2026 at 09:29Finance Minister Nirmala Sitharaman announces major taxpayer relief measures, including updated ITR filing after reassessment, NRI foreign asset disclosure scheme, and simplified travel and TDS rules in Finance Bill 2026.
Income Tax Scam Alert: Fake Email on Return Filing Compliance Exposed
26 March 2026 at 09:28PIB Fact Check warns taxpayers about a fake Income Tax email claiming compliance gaps. Learn how to identify phishing attempts and stay safe online.
Government Moves to Simplify Income Tax Laws, Reduce Litigation: MoS Finance
26 March 2026 at 09:21Minister of State for Finance Pankaj Chaudhary informed Parliament that the government is simplifying income tax laws, reducing litigation and introducing automated systems for TDS compliance under the Finance Bill 2026.
Income Tax Department Launches 'Form Wizard' to Simplify ITR Filing for Taxpayers
25 March 2026 at 09:23Form Wizard simplifies income tax filing by guiding users to the right ITR forms, schedules and statutory requirements with ease.
CBDT Launches 'Reckoner' Tool to Simplify Income Tax Provisions for Taxpayers
25 March 2026 at 09:22Income Tax Department's Reckoner simplifies tax laws with quick access to key provisions, tools and insights for faster, accurate compliance.
Form 10A Delay Relief: CBDT Clarifies Authority for Trust Registration Under Income Tax Act
25 March 2026 at 09:22CBDT Circular No. 01/2026 clarifies that PCIT/CIT can condone delays in filing Form 10A under Section 12A of the Income Tax Act, providing major relief to trusts and institutions.
CBDT Approves Ahmedabad University for Scientific Research Under Section 35 of Income Tax Act
24 March 2026 at 09:23CBDT approves Ahmedabad University for scientific research under Section 35 of the Income-tax Act. Check validity, conditions, Form 10BD/10BE compliance and tax benefits.
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