Income Tax News

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 | 207 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 | 312 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 | 1416 Views

Maharashtra Leads Crypto TDS Collections as VDA Tax Revenues Jump 41% in FY25

29 December 2025 at 06:54

Maharashtra led VDA TDS collections at ₹293.40 crore in FY25 as total crypto TDS rose 41% to ₹511.83 crore, with Karnataka, Gujarat and Delhi following, reflecting exchange location and tighter tax enforcement.

Posted in Income Tax | 1119 Views

CBDT Releases Updated Offline ITR Utilities for AY 2025-26

27 December 2025 at 06:45

The Income Tax Department has released an updated Common Offline ITR Utility (v1.2.7) for filing ITR-1 to ITR-4 for AY 2025-26 on December 24, 2025.

Posted in Income Tax | 285 Views

CBDT Asks Field Officers to Intensify Tax Demand Recovery Amid Revenue Shortfall

26 December 2025 at 06:47

Tax collections are likely to fall short of Budget targets as CBDT asks field formations to intensify recovery of large tax demands and tighten compliance measures.

Posted in Income Tax | 12990 Views

CBDT Launches NUDGE Campaign to Correct Ineligible Tax Deductions for AY 2025-26

24 December 2025 at 09:26

CBDT urges taxpayers to review potentially ineligible deduction and exemption claims flagged by data analytics and revise ITRs by December 31, 2025.

Posted in Income Tax | 2166 Views

No Routine Access to Social Media, Emails Under Income Tax Act 2025: PIB Clarifies

23 December 2025 at 09:40

PIB Fact Check clarifies that the Income Tax Department has no routine power to access social media or emails from April 2026. Digital access applies only during search and survey cases.

Posted in Income Tax | 1443 Views

Income Tax Algorithm Error Flags Unlisted Share Capital Gains as Business Income

22 December 2025 at 06:40

Income Tax Dept's automated system is misclassifying capital gains from unlisted share sales as business income due to TDS data mismatch. Know why notices are being sent and how taxpayers should respond.

Posted in Income Tax | 1413 Views

Section 80G Explained: Key FAQs on Donation Deductions, Limits, Verification & ITR Filing

22 December 2025 at 06:40

The Income Tax Department clarifies Section 80G rules on donation deductions, limits, cash payment restrictions, Form 10BE verification and eligibility under old vs new tax regime.

Posted in Income Tax | 1 comments | 3615 Views