New income tax rules from April 1: How filing and compliance will change
From April 1, India will implement the Income-tax Rules, 2026, replacing the six-decade-old framework under the 1962 rules. The government […]
Income Tax Recent News – 2026
Federal Bank receives Rs 686 crore income tax refund including interest
Federal Bank has received income tax refund orders aggregating Rs 686.31 crore, including interest, following directions from the Income Tax
Income Tax Department sends notices to many senior executives earning over Rs 50 lakh for alleged misuse of exemptions
Dozens of senior executives drawing annual salaries of more than Rs 50 lakh are under the scanner for allegedly underreporting
Income-Tax Act 2025: Simpler CTCs May Mean Higher Take-Home Pay For Most Employees
The new Income-tax Act, 2025 shifts towards a deduction-like regime, which reduces the benefit of fragmented allowances. Incidentally, the new
Income Tax dept sends bulk ‘NUDGE’ notices to high-income taxpayers to correct ITR discrepancies
The Income Tax Department has begun issuing bulk “NUDGE” communications to taxpayers, prompting them to review their income tax returns
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
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
