Tax code 2026: One-time LTCL set-off against STCG removed in final Income Tax Act; what does this mean
The final version of the Income Tax Act, 2025, has withdrawn a proposed one-time relief that would have allowed carrying
Income Tax Recent News – 2026
Rising personal tax mop-up not a sign of middle class stress, says Sitharaman in Rajya Sabha
High personal income tax collection does not necessarily mean that the middle class is being suppressed or crushed in the
Income tax refunds drop 16.92% in FY26 amid TDS overhaul and regime shift
Income-tax refunds declined in FY26, with CBDT data showing refunds of ₹3.11 lakh crore as of January 11 compared with
High personal income tax collection does not mean middle class being suppressed: FM Nirmala Sitharaman in RS
High personal income tax collection does not necessarily mean that the middle class is being suppressed or crushed in the
Form 12BBA For Seniors: What Change Is Proposed In The Draft Income Tax Rules
The government has proposed to make changes in Form 12BBA under the Draft Income-tax Rules 2026. This form is used
Supreme Court to scrutinise PIL challenging sweeping digital search powers under income tax law
The Supreme Court on Tuesday said it will examine a public interest litigation challenging the expanded search and seizure powers
Tax dept says there was no attempt to withhold refunds, which declined 17% so far in FY26
India’s income-tax refunds declined in FY26, with CBDT data showing refunds of Rs 3.11 lakh crore as of January 11,
Draft I-T rules offer clarity on ITRs, NRI investments and lay out virtual digital assets reporting regime
The draft income-tax rules have several new or reworked sections, laying out new procedures, thresholds, and forms that either replace
‘Rs 25.44 lakh crore will be transferred to states in 2026–27 as part of devolution of taxes’: FM Sitharaman tells Lok Sabha
Union Finance Minister Nirmala Sitharaman on Wednesday told the Lok Sabha that a total of Rs 25.44 lakh crore will
Income tax filing set for overhaul as pre-filled returns roll out from April 1st
The simplified income tax framework set to take effect from April 1 is expected to allow salaried taxpayers with no
