Income Tax News


Govt Opens Tax Portal APIs: Large Taxpayers May Shift to Automated Compliance

   08 January 2026 at 07:02

Large taxpayers may move to automated tax compliance as the government opens API access for GST systems, with income tax and customs portals likely to follow.

Posted in Income Tax |   3660 Views


ITAT Mumbai Rejects Unexplained Cash Allegation in Pune Property Sale, Dismisses Revenue Appeal

   08 January 2026 at 07:02

ITAT Mumbai dismisses Income Tax Department’s appeal, holding that alleged cash receipt in a Pune property sale cannot be sustained without admissible evidence or Section 65B certificate for WhatsApp chats.

Posted in Income Tax |   471 Views


CBDT Notifies Two Authorities for Income Tax Exemption Under Section 10(46A) With Effect From AY 2024-25

   08 January 2026 at 07:02

CBDT notifies Mussoorie Dehradun Development Authority and Joint Electricity Regulatory Commission for income tax exemption under Section 10(46A), effective from AY 2024-25.

Posted in Income Tax |   246 Views


CBDT Grants Tax-Exempt Status to UAE-Regulated Pension Fund Under Section 10(23FE)

   07 January 2026 at 09:19

CBDT notifies Inbar Holding RSC Limited as a specified pension fund under Section 10(23FE), granting income tax exemption on eligible investments made in India till March 31, 2030, subject to compliance.

Posted in Income Tax |   246 Views


CBDT Chairman Asks Income Tax Department to Gear Up for New Direct Tax Law from 1st April 2026

   06 January 2026 at 06:57

CBDT Chairman Ravi Agrawal urges Income Tax officials to prepare for the transition to the new Income Tax Act, 2025, set to take effect from April 1, 2026, focusing on training, technology and taxpayer facilitation.

Posted in Income Tax |   2136 Views


Income Tax Changes Ahead? Budget 2026 May Push New Tax Regime Further

   06 January 2026 at 06:57

Budget 2026 may further push the New Tax Regime after major relief in Budget 2025. Here's how middle-income taxpayers benefit the most.

Posted in Income Tax |   1881 Views


Income Tax Department Releases Updated Common Offline Utilities for ITR 1 to ITR 7

   03 January 2026 at 06:44

Download the latest Common Offline Utility for ITR-1 to ITR-7 to prepare income tax returns offline, validate data, generate JSON files and upload easily on the e-filing portal.

Posted in Income Tax |   408 Views


PFRDA Policy Reforms: Banks to Manage NPS, New Trustees Appointed, IMF Rationalised

   03 January 2026 at 06:43

PFRDA approves major NPS reforms allowing scheduled commercial banks to sponsor pension funds, appoints new NPS Trust trustees, revises Investment Management Fee slabs from April 1, 2026

Posted in Income Tax |   195 Views


Centre Notifies Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025

   01 January 2026 at 07:18

The Centre has notified Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025, redefining FDI norms, leadership requirements, and FEMA alignment.

Posted in Income Tax |   297 Views


Income Tax Alerts Leave Taxpayers Worried as Refunds and ITR Processing Are Paused Over Claim Mismatches

   30 December 2025 at 06:51

Got an income tax email? Refunds and ITR processing may be delayed due to claim mismatches. Here's what it means.

Posted in Income Tax |   1413 Views