ndia's fiscal update for April-October 2025 shows total receipts of Rs 18 lakh crore, tax devolution of Rs 8.34 lakh crore to states, and expenditure at Rs 26.25 lakh crore.
The Supreme Court has slammed the Income Tax Department for filing a frivolous SLP in a settled case, warning against repetitive and wasteful litigation.
Supreme Court rules that PAN is not mandatory to apply DTAA benefits, holding that TDS on foreign payments cannot exceed 10% even if PAN is not provided.
CBDT issues new MAP guidelines directing CIT(A) to provide withdrawal intimation for pending appeals, enabling faster implementation of MAP resolutions.
CBI busts a bribery syndicate involving ITAT Jaipur officials, arresting a Judicial Member and Advocate and seizing over Rs 1 crore in cash during multi-city raids.
CBDT notifies SPCB Odisha, HSBTE Panchkula and Odisha RERA for income-tax exemptions under Section 10, covering statutory fees, grants, and related revenues. Notifications apply retrospectively and prospectively from 2023-2029.
CBDT launches the 2nd NUDGE initiative, sending SMSs and emails from 28 Nov 2025 to taxpayers flagged for unreported foreign assets. Individuals are advised to review and revise ITRs by 31 Dec 2025 to avoid penalties.
The last date to opt for the Unified Pension Scheme (UPS) is Nov 30, 2025. Govt urges eligible NPS subscribers to apply online or via nodal offices.
The Supreme Court has issued notice on a petition challenging Section 13A(d) of the Income Tax Act, which allows political parties to accept cash donations up to Rs 2,000 without revealing donor identity.
India's direct tax collections hit a record Rs 22.26 lakh crore in FY 2024-25 as per CBDT data, with the tax-to-GDP ratio rising to 6.73% and taxpayers exceeding 12 crore.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CAclubindia
