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 […]
Income Tax Recent News – 2026
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
Old income tax notices resurface as 10–15-year-old tax demands appear on portal, interest piles up, says report
Income tax demands from very old years, such as 2005 to 2011, have suddenly started appearing on the income tax
Budget 2026 may further tilt balance toward New Tax Regime after exemption hike in 2025
As policymakers prepare the ground for the Union Budget 2026, the direction of India’s personal income tax framework is becoming
Section 87A rebate gap: BCCI urges Budget 2026 relief for small taxpayers, investors
Small taxpayers often miss out on the tax rebate under Section 87A of the Income Tax Act, 1961, when their
