Union Government Releases ₹1,09,019 Crore Tax Devolution Early to Fuel State Development Ahead of Festive Season
The Union Government has released regular instalment of tax devolution to State Governments amounting to Rs. 1,09,019 crore on 5th
Income Tax Press Release – 2026
Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment of tax devolution in view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure
The Union Government has released additional instalment of tax devolution to State Governments amounting to Rs. 1,09,019 crore on 31st
BIG RELIEF FOR AUDIT CASES: CBDT grants 21 additional days — Tax Audit Report can now be furnished by 21st October, 2026 and the corresponding ITR by 21st November, 2026 for AY 2026-27
In a significant compliance relief for taxpayers and tax professionals, the Central Board of Direct Taxes (CBDT) has decided to
Income Tax Department undertakes verification of suspicious foreign remittances
Based on ground intelligence and analysis of data on outward foreign remittances, the Income Tax Department has identified several suspicious
167th Income Tax Day Celebrations: FM Nirmala Sitharaman Unveils the 5Rs of Responsive Tax Governance and Calls for Greater Tax Certainty, Reduced Litigation and Taxpayer-Centric Reforms
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 167th anniversary of Income Tax Day celebrations
Major Reform: Government announces measures to deepen G-Sec market and facilitate greater Foreign Portfolio Investment (FPI) in equity segment
In line with the Government’s commitment to strengthen India’s position as a leading global investment destination and to deepen the
New Income Tax Act, 2025 is taxpayer-centric, says Principal Chief Commissioner Vidisha Kalra
A massive outreach and awareness program titled “Prarambh-2026” regarding the New Income Tax Act, 2025, was organized on May 14,
Income Tax Department Highlights Key Features of New Income Tax Act 2025 at Delhi–NCR Schools Outreach
The Commissioner of Income Tax (Exemptions), Delhi, organised an outreach programme in New Delhi today to promote financial literacy and
Income Tax Department Denies Allegations of Action Against Congress Leader K. Selva Perunthagai; Terms Claims Baseless and Misleading
It has been brought to notice of the Income Tax Department that a post dated 20.04.2026 was published on the
Income tax Act, 2025 comes into force from 1st April, 2026
The Income-tax Act, 2025, a landmark reform in India’s direct tax framework, represents a comprehensive effort to simplify and modernise
