Income Tax News

ITR Refund Delays in FY 2025-26: Over 27 Lakh Returns Still Pending Despite High Processing Rate

27 March 2026 at 09:24

Income 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.

Posted in Income Tax | 5385 Views

Big Relief for Taxpayers: FM Sitharaman Allows ITR Updates Even After Reassessment Proceedings

26 March 2026 at 09:29

Finance 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.

Posted in Income Tax | 1 comments | 19683 Views

Income Tax Scam Alert: Fake Email on Return Filing Compliance Exposed

26 March 2026 at 09:28

PIB Fact Check warns taxpayers about a fake Income Tax email claiming compliance gaps. Learn how to identify phishing attempts and stay safe online.

Posted in Income Tax | 414 Views

Government Moves to Simplify Income Tax Laws, Reduce Litigation: MoS Finance

26 March 2026 at 09:21

Minister 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.

Posted in Income Tax | 330 Views

Income Tax Department Launches 'Form Wizard' to Simplify ITR Filing for Taxpayers

25 March 2026 at 09:23

Form Wizard simplifies income tax filing by guiding users to the right ITR forms, schedules and statutory requirements with ease.

Posted in Income Tax | 3654 Views

CBDT Launches 'Reckoner' Tool to Simplify Income Tax Provisions for Taxpayers

25 March 2026 at 09:22

Income Tax Department's Reckoner simplifies tax laws with quick access to key provisions, tools and insights for faster, accurate compliance.

Posted in Income Tax | 1 comments | 6471 Views

Form 10A Delay Relief: CBDT Clarifies Authority for Trust Registration Under Income Tax Act

25 March 2026 at 09:22

CBDT 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.

Posted in Income Tax | 6264 Views

CBDT Approves Ahmedabad University for Scientific Research Under Section 35 of Income Tax Act

24 March 2026 at 09:23

CBDT approves Ahmedabad University for scientific research under Section 35 of the Income-tax Act. Check validity, conditions, Form 10BD/10BE compliance and tax benefits.

Posted in Income Tax | 528 Views

Income Tax Act, 2025 Enacted: New Tax Law to Come into Force from 1st April 2026

24 March 2026 at 09:23

The New Income Tax Act, 2025, brings major reforms in tax rules, residential status, and digital assets. Know its impact before the April 2026 rollout.

Posted in Income Tax | 7470 Views

Income Tax Department Offers Popular Tax Tools: IT, TDS & TCS Calculators

23 March 2026 at 09:26

Income Tax Department offers free tax tools including IT calculator, TDS calculator, and TCS calculator to help taxpayers easily estimate tax liability and ensure compliance.

Posted in Income Tax | 4452 Views