Lok Sabha passes Bill to authorise Govt. to permit banks to levy charges on UPI transactions
Lok Sabha on Thursday (August 6, 2026) passed a Bill to amend the Payment and Settlement Systems Act, 2007 that […]
Income Tax Recent News – 2026
Strong tax collections, credit growth provide fiscal support; spending rationalisation may be needed: Report
The Centre is likely to retain a fiscal buffer in FY27 as buoyant tax collections and broad-based credit growth support
CBDT’s Nudge campaign results in 1.25 crore updated ITRs, ₹9,494 crore additional tax payment
The income tax department’s NUDGE campaign has resulted in 1.25 crore taxpayers filing updated or revised ITRs with payment of
Disputed tax demand down ₹16,690 cr since hike in monetary limit for filing appeals, LS told
The increase in monetary thresholds for filing tax dispute appeals at ITAT, high courts, and the Supreme Court has led
Capital gains tax: Telangana HC clarifies when builder delays won’t affect your Section 54F tax exemption
A delay by a builder in handing over a residential property cannot, by itself, deprive a taxpayer of the capital
Income tax on property sale: Gujarat HC quashes reassessment notice over ₹92 lakh land sale; here’s why
The Gujarat High Court has quashed a reassessment notice issued by the Income Tax Department in a long-running capital gains
Govt to introduce Bill to revamp digital payment charge rules, extend manufacturing tax incentives
The government plans to overhaul the legal framework governing charges on digital payments by amending the Payment and Settlement Systems
Over 5.9 crore income tax returns filed by July 31 for AY27 as deadline closes
More than 5.9 crore income tax returns (ITRs) were filed by taxpayers for the assessment year (AY) 2026-27 by July
1.54 lakh accounts in J&K Bank with no PAN, tax probe flags ‘systemic failure’
An Income Tax probe has found that 1.54 lakh accounts were opened with J&K Bank between 2021 and 2024 without
ITR filing 2026: What happens if you miss the July 31 deadline
With just one day left for filing income tax returns for Assessment Year (AY) 2026-27, taxpayers who are yet to
