Income Tax News
Confusion Over Section 234B Interest: GCCI Demands Clarity in Income Tax Act
17 November 2025 at 06:34GCCI has urged the government to amend the Income Tax Act after many taxpayers received interest demand notices under Section 234B despite paying dues while filing updated returns.
Income Tax Act 2025: CBDT Chairman Instructs Officers to Start Preparations for April 2026 Implementation
17 November 2025 at 06:33CBDT Chairman Ravi Agrawal has directed tax authorities nationwide to begin preparations for the implementation of the new Income Tax Act 2025, set to replace the 1961 law from April 1, 2026
Man Arrested for Posing as Income Tax Officer, Duping Woman of Rs 55.8 Lakh
15 November 2025 at 07:41A man posing as an Income Tax officer was arrested in Palghar for conducting a fake raid and cheating a woman of Rs 55.8 lakh. Police are searching for his accomplices.
CBDT Seeks Clarity From MeitY on Tax Incentives for Data Centres Under New Policy
15 November 2025 at 06:44CBDT has asked MeitY for detailed definitions and eligibility criteria for proposed long-term tax incentives for data centres, citing concerns over misuse and revenue loss.
ITAT Bangalore Gives Relief to Landowner in Rs 1.82 Crore Mango Sales Case
14 November 2025 at 06:38ITAT Bangalore grants relief to landowner after Rs 1.82 crore mango income taxed as unexplained cash credit; tribunal rejects tax department's assumptions.
Centre Confident of Meeting Rs 25.2 Lakh Crore Direct Tax Target Despite STT Shortfall
14 November 2025 at 06:38Despite lower STT collections, the Centre remains confident of achieving its Rs 25.2 lakh crore direct tax target for FY26, driven by strong PIT growth.
SC Protects Chartered Accountants: Issuing Form 15CB Isn't Money Laundering
13 November 2025 at 06:48The Supreme Court ruled that a Chartered Accountant cannot be held criminally liable under PMLA for issuing Form 15CB, as the role is limited to confirming tax compliance, not verifying transactions.
Direct Tax Collections Grows 7% YoY; Refunds Down 18% in FY 2025-26
13 November 2025 at 06:48As refunds moderate to Rs 2.42 lakh crore, India's direct tax receipts surged 7% year-on-year to Rs 12.92 lakh crore by November 10, 2025, showing improved collection efficiency.
CBDT Implements Revised Protocol for India-Belgium Double Taxation Avoidance Agreement
13 November 2025 at 06:48India notifies the amended DTAA Protocol with Belgium, enhancing tax transparency and mutual assistance from June 26, 2025.
CBDT Uncovers Rs 9169 Crore Political Donation Laundering Racket Involving CAs and RUPPs
12 November 2025 at 06:36The CBDT has uncovered a Rs 9,169 crore political donation laundering racket involving Registered Unrecognised Political Parties (RUPPs), CAs and intermediaries who used fake receipts and cash refunds to evade taxes across two assessment years.
Popular News
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- GSTN Enables Online Opt-In Declaration for Specified Premises
- Income Tax Changes Ahead? Budget 2026 May Push New Tax Regime Further
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