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CBDT Chairman: Work Underway on Rules and Forms for Income Tax Bill 2025
28 July 2025 at 09:09CBDT Chairman Ravi Agarwal says work is underway to frame rules and forms under the Income Tax Bill 2025. The new framework will prioritize clarity, simplicity and voluntary compliance.
Income Tax Bill 2025 Aims to Simplify Language, Cut Litigation and Consolidate TDS Provisions: MP PP Chaudhary
28 July 2025 at 09:04The Income Tax Bill 2025 aims to simplify tax laws, reduce litigation, and consolidate TDS provisions, says MP PP Chaudhary. The bill replaces the 1961 Act with fewer words and clearer language.
Pay Tax and Relax: IRS Chief Vikram Sahay at Sopore Income Tax Awareness Event
28 July 2025 at 08:54As part of Income Tax Day celebrations, the Income Tax Department Srinagar conducted a tax awareness programme in Sopore, led by Chief Commissioner Vikram Sahay, to promote compliance and taxpayer confidence.
Rajasthan Labourer Discovers Rs 18 Crore Fake Firm in His Name, Rs 3 Crore GST Fraud Uncovered
28 July 2025 at 08:49A Rajasthan labourer discovers an Rs 18 crore fake firm registered in his name in Delhi, exposing a GST fraud of over Rs 3 crore. Police and tax officials launch a probe into the shocking identity theft case.
Income Tax Department Leverages AI to Boost Compliance and Track High-Risk Taxpayer Behavior
26 July 2025 at 09:21The Income Tax Department is using AI and data analytics to monitor taxpayer behavior, flag high-value transactions and boost compliance.
Income Tax Dept Releases Updated Excel-Based ITR-3 Utility for AY 2025-26
26 July 2025 at 09:15The Income Tax Department has released Version 1.1 of the Excel-based ITR-3 utility on July 24, 2025, for individuals and HUFs earning income from business or profession.
No GST on UPI Transactions Above Rs 2000, Confirms Finance Ministry in Rajya Sabha
26 July 2025 at 09:08Finance Ministry clarifies in Rajya Sabha that there is no proposal to levy GST on UPI transactions above Rs 2000, as no such recommendation has been made by the GST Council.
Finance Ministry Rules Out Statutory Time Limits for Disposal of Income Tax Appeals Amid Rising Pendency
26 July 2025 at 09:01Despite over 5 lakh pending cases at the CIT (A) level, the Finance Ministry has declined to impose statutory deadlines for disposal of income tax appeals, citing the judicial nature of proceedings and complexity of cases.
CBDT Chairman Assures Privacy, Says Only Financial Data From Devices Will Be Analysed in Investigations
26 July 2025 at 08:56The proposed Income Tax Bill, 2025, has sparked a privacy debate over provisions allowing access to taxpayers’ digital devices, emails, and social media. CBDT assures data privacy safeguards and the release of a digital search manual.
AI Tools Helped Income Tax Department Collect Rs 11,000 Crore in 4 Years: CBDT Chairman
26 July 2025 at 08:50CBDT Chairman Ravi Agarwal reveals AI-driven initiatives have led to Rs 11,000 crore in additional tax revenue from over 1 crore updated returns, and uncovered Rs 29,000 crore in foreign assets and Rs 1,000 crore in VDA income in FY25.
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