Direct tax collections rise to ₹23.40 lakh crore in FY 2025-26; ITR filers increase to 8.67 crore
The Lok Sabha Unstarred Question No. 3502, to be answered on Monday, August 10, 2026/Shravana 19, 1948 (Saka), on “Increase
Income Tax Important Update
Govt To Soon Notify Rules For Online Lower Or Nil TDS Certificate Applications: MoS Finance Pankaj Chaudhary
The Income Tax Department is in the process of framing rules to implement a key provision from the Union Budget
Income Tax Department Releases ITR-5 Offline Utility for AY 2026-27
The Income Tax Department has released the Offline Utility for ITR-5 for Assessment Year 2026-27 on the e-Filing portal. The
Lok Sabha: India’s Net Direct Tax Collections Reach ₹6.48 Lakh Crore by July 13, 2026; Technology-enabled compliance, updated returns and expanded information reporting contribute to higher tax collections
In Lok Sabha, the Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, answered Unstarred Question No. 2484
Lok Sabha: CBDT Uses Data Analytics and Technology-Driven Compliance Measures to Detect Wrongful Tax Relief Claims; SAKSHAM NUDGE campaigns lead to filing of 1.25 crore updated or revised returns during FY 2024-25 and FY 2025-26
In Lok Sabha, the Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, answered Unstarred Question No. 2494
Lok Sabha: Government’s PRARAMBH 2026 Campaign Facilitates Smooth Transition to the Income-tax Act, 2025; More than 1.75 lakh taxpayer-awareness publications distributed; 304 physical outreach programmes reach around 50,000 taxpayers and stakeholders
In Lok Sabha, the Finance Minister, Smt. Nirmala Sitharaman, answered *Starred Question No. 211 on Monday, 3 August 2026/12 Shravana,
Income Tax Department Releases ITR-6 Excel Utility for Assessment Year 2026–27; Excel-based return-filing utility, JSON Schema and Validation Rules made available on the Income Tax e-Filing Portal
The Income Tax Department has released the Excel-based utility for Income Tax Return Form ITR-6 for Assessment Year 2026–27. The
Lok Sabha introduces the Taxation And Other Laws (Amendment) Bill, 2026 Proposes Targeted Tax Reliefs To Boost Electronics Manufacturing, Data Centres, Diamond Trade And Fund Management; With Important FAQs
The Taxation and Other Laws (Amendment) Bill, 2026 The Taxation and Other Laws (Amendment) Bill, 2026—Bill No. 150 of 2026—has
Lok Sabha: Government Pursues Progressive Taxation, Employment Generation and Social Welfare Measures to Promote Inclusive Economic Growth; 576 individuals reported Gross Total Income of ₹100 crore or more in Assessment Year 2025-26
In the Lok Sabha, Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, answered Unstarred Question No. 1274
Billionaires in India rise fourfold to 576 in five years in 2025-26: Income tax return data
The Parliament was informed on Monday that up to 576 persons reported gross total income of Rs 100 crore or