Budget 2026 wishlist: TDS cut, tax relief and clarity for crypto assets
As Budget 2026 nears, India’s crypto industry is asking the government to ease existing tax rules introduced in 2022. Industry […]
Income Tax Recent News – 2026
ITAT Chandigarh Allows Section 87A Rebate on Long-Term Capital Gains from Debt Mutual Funds; Tax Demand Set Aside
The Income Tax Appellate Tribunal (ITAT), Chandigarh, has provided significant relief to taxpayers by allowing the benefit of rebate under
Tax refunds delayed: Data checks, nudges slow ITR processing for AY 2025-26; what taxpayers can do
Even weeks after the December 31 deadline for filing belated income tax returns, a sizeable number of taxpayers are still
Crorepati Income Tax filers surge 22%, even as India’s tax base stagnates
The number of individuals declaring annual income of over ₹1 crore has increased sharply in India, even as the overall
Over 63 lakh ITRs yet to be processed in AY 2025–26: Why refunds are getting delayed
Even after the December 31 deadline for filing belated income tax returns, a large number of taxpayers are still waiting
LG Electronics signs advance pricing agreement with CBDT, reports impact on tax, royalty liabilities
Appliance maker LG Electronics India Ltd on Monday (January 5, 2026) said it has signed and concluded an Advance Pricing
New Income Tax Act from April 1: Key changes taxpayers should note
The Indian government is set to implement the new Income Tax Act 2025 from April 1, 2026, replacing the current
Large taxpayers may soon have fully automated tax compliance systems
India’s large taxpayers—including corporates, foreign institutional investors and multinational companies—could soon move towards fully automated tax filings and compliance, as
Does the IT dept track your online spending or lifestyle? Govt clarifies
Amid widespread social media claims, the government has clarified that the Income Tax Department (ITD) does not track individual digital
CBDT chief urges tax officials to prepare for transition to new Income Tax Act
Central Board of Direct Taxes (CBDT) Chairman Ravi Agrawal has asked the Income Tax Department to be ready and proactive
