11 Ahmedabad CAs found guilty in bogus political donations case; ICAI lets them off with reprimand
The Board of Discipline of the Institute of Chartered Accountants of India (ICAI) has held 11 chartered accountants of Ahmedabad […]
Income Tax Recent News – 2026
New income tax draft rules: Cash deposits and withdrawals up to ₹10 lakh without PAN from April 1
From April 1, 2026, taxpayers in India will be able to deposit or withdraw cash up to ₹10 lakh in
Income Tax dept surveys hospitals, finds Rs 3 crore cash receipts
The income tax department, which now brought medical establishments under its scanner for cash receipts, conducted a survey on yet
Draft Income Tax Rules Propose Higher Transport Allowance Deduction For Disabled Employees
Physically disabled employees including blind, deaf, mute or orthopedically handicapped are set to benefit from higher travel-related income tax deductions
New Section 247 in I-T Act gives unlimited power to tax officials to access emails, social media using AI? Govt clarifies
The introduction of Section 247 in the new Income-tax Act, 2025 — set to take effect from April 1, 2026
Major Amendments to the Income Tax Act: Centre Informs Supreme Court; ₹16.5 Lakh Crore Reassessment Cases Pending, Revival of Notices Proposed; Next Hearing Scheduled for April 6
The Government of India today apprised the Hon’ble Supreme Court that the process of introducing further amendments to Section 150
No ‘multi-layered’ income tax structure in India; wealth, gift and fringe benefit taxes removed: FinMin
The Finance Ministry has firmly denied that India follows a “multi-layered income-tax structure”, even as Parliament last week during the first leg
Draft Income-Tax Rules 2026: Bigger Breaks for Salaried, Higher Compliance for Transactions
The Draft Income-Tax Rules, 2026, released by the government ahead of the new tax law taking effect from April 1,
New Income Tax Act: I-T Dept issues draft rules, seeks feedback from stakeholders – What taxpayers should know
The Income Tax Department has issued draft rules and forms under the new Income Tax Act, 2025, aimed at simplifying
Draft income tax rules: PAN no more compulsory for hotel bills below ₹1 lakh, cash withdrawals & deposits below ₹10 lakh
The Central government last week released a document on the draft Income Tax Rules. In the document, the Centre proposed
