Govt released the ‘Income Tax Bill, 2025’ (as amended by the Select Committee)
The Income Tax Bill, 2025 aims to modernize and consolidate India’s income tax laws, replacing the 1961 Act. It defines […]
Income Tax Recent News – 2025
Revised income tax manual to give more ammo to taxmen to crack down on crypto income, tax defaulters: Report
The income tax (I-T) department has revised its search and seizure manual 2025 which gives new powers to officers. This
AI font forensics helps income tax (I-T) in Hyderabad bust Rs 68 lakh LTCG fraud; exposes forged document from 2002
In a case that underscores how digital forensics and generative AI tools are transforming tax enforcement, the income tax (I-T)
Parliamentary panel makes 285 suggestions to revamp India’s Income Tax Bill, 2025
A Parliamentary panel examining the Income Tax Bill-2025 on Wednesday made 285 suggestions on the draft legislation that seeks to
Employees of MNCs, PSUs and govt depts under scrutiny for fake tax deduction claims, inflated refunds
In a major nationwide crackdown, the Income Tax Department has turned its attention to employees of multinational companies (MNCs), public
ITR Filing FY 2024-25: Revised Deadlines, Penalties And Key Updates
The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return (ITR) filing due date for AY 2025-26
Parliamentary Committee scheduled to adopt report on new Income Tax Bill on Thursday
A Parliamentary Committee is scheduled to meet on Thursday to adopt report on new Income Tax Bill. Meanwhile, the government
IT Tribunal allows Section 80P deduction for late ITR filing: What it means for cooperative societies
The Income Tax Appellate Tribunal (ITAT) Rajkot Bench has ruled that a cooperative society can claim a tax deduction under
Cash deposits made during demonetisation not taxable if disclosed, rules IT Tribunal
Cash deposits made during the 2016 demonetisation period are not liable for additional tax if they were already recorded in
Average Income Tax Refund Time Drops From 93 Days In 2013 To Just 17 Days In 2024: CBDT Data
The average number of days it takes for taxpayers to get refunds from the Income Tax Department in India has
