No arrest by income tax recovery officer if you have failed to pay pending tax demands; amended Finance Bill 2026
One of the major taxpayer friendly initiatives that the amended Finance Bill 2026 introduced is removing the power to arrest […]
Income Tax Recent News – 2026
LIC receives ₹6,146.71 crore income tax demand order for FY22; plans to appeal
Life Insurance Corporation of India has received a demand order from the Income Tax Department for the financial year 2021–22,
DBS Bank India launches direct tax payment facility for individuals, businesses
DBS Bank India on Monday announced the launch of its direct tax payment facility, following authorisation from the Central Board
CRISIL faces ₹121 crore tax demand, to challenge reassessment order
CRISIL Limited has received a reassessment order from the Income Tax Authority for AY 2017–18, resulting in a demand of
Income Tax Rules 2026: What changes for credit card users from April 1
Effective April 1, 2026, credit cards will function as extensions of tax identities under a new Income Tax framework. The
Finance Bill 2026 cleared; limit buyback tax to domestic entities
The government has moved amendments to the Finance Bill, 2026, in the Lok Sabha that offer significant relief to taxpayers.
Amendments to Finance Bill 2026: Steps to curb tax litigation, simplify compliance proposed
Finance Minister Nirmala Sitharaman is scheduled to move a series of amendments to the Finance Bill, 2026 in the Lok
Income tax refund delays FY 2025-26: Over 27 lakh ITRs yet to be processed — why refunds are taking longer
Income tax refund delays have once again become a talking point among taxpayers in FY 2025-26, with many still waiting for
HDFC Life Insurance received income tax notice worth ₹126 crore with ₹45 crore interest
Shares of HDFC Life Insurance will be in focus on Wednesday after the company received an Income Tax order on
ITAT Chennai ruling clarifies equity transfers to private trusts for relatives are not taxable under Section 56(2)(x)
The Income Tax Appellate Tribunal (ITAT) Chennai has ruled that equity shares transferred to a private trust set up exclusively
