Budget 2026-27: Tax reforms mark shift to trust-based regime, says CBDT chief
The direct tax reforms announced in the budget are aimed at preparing the ground for a trust-based tax regime initiated […]
Income Tax Recent News – 2026
Delay in filing tax audit report may invite Rs 1.5 lakh penalty
The budget for financial year 2026-27 introduces a stringent fee policy for delays in submitting tax audit reports, with late
Stricter compliance, CBDT circulars binding on taxpayers responsible for TDS/TCS
The finance bill proposes to give statutory backing to guidelines issued by the Central Board of Direct Taxes (CBDT), making
CBDT Chairman Ravi Agrawal unveils Income Tax Act vision: simplification, decriminalisation, refined process
In this exclusive interview with CNBCTV-18, Ravi Agrawal, Chairman of the Central Board of Direct Taxes (CBDT), outlines a transformative
Budget 2026: Income Tax dept eyes disposal of over 200K CIT(A) appeals this year
The income tax department has set a target to dispose of over 2 lakh Commissioner of Income Tax (Appeals) (CIT(A))
No Change In Tax Slabs In Budget 2026-27. Plan Before March 31 To Save On Taxes
Finance Minister Nirmala Sitharaman has presented the Union Budget 2026, keeping income tax slabs unchanged. The new income tax regime,
New Income Tax Act, 2025 will come into effect on April 1, 2026: FM Sitharaman
During her Union Budget presentation on Sunday (February 1, 2026), Finance Minister Nirmala Sitharaman informed that the new Income Tax,
Budget 2026-27: Income Tax Dept explains why share buybacks will now be taxed as capital gains
In a significant reform announced in the Union Budget 2026, the government has overhauled the taxation framework for share buybacks,
Non audit tax filers to have 3 more months to file revised return, one time scheme to disclose foreign assets
An assessee will get three more months to file the revised Income Tax Return (ITR) but with fee only. At
Top Income Tax Expectations from the Union Budget 2026-27
The Macroeconomic Backdrop: Seeking Stability Amidst Growth The Union Budget for 2026-27, set for presentation on Sunday, February 1, arrives
