CAclubindia News
Crorepati Tax Filers Jump 22% in FY26 as Income Concentrates at the Top
09 January 2026 at 07:18India sees a 22% rise in crorepati income-tax filers in FY26 even as overall ITR filings grow just 1%, indicating income concentration and improved compliance.
Income Tax Refund Delay Explained: Why 63 Lakh Returns for AY 2025-26 Are Still Pending
09 January 2026 at 07:18Over 63 lakh income tax returns for AY 2025-26 are still under processing. Know why refunds are delayed, legal timelines and what taxpayers can do next
Union Budget 2026: New Faces in Finance Ministry, Work Continues Without Finance Secretary
09 January 2026 at 07:18As India prepares for Union Budget 2026, the Finance Ministry sees multiple new secretaries while Budget work progresses normally despite no designated Finance Secretary.
Govt Opens Tax Portal APIs: Large Taxpayers May Shift to Automated Compliance
08 January 2026 at 07:02Large taxpayers may move to automated tax compliance as the government opens API access for GST systems, with income tax and customs portals likely to follow.
ITAT Mumbai Rejects Unexplained Cash Allegation in Pune Property Sale, Dismisses Revenue Appeal
08 January 2026 at 07:02ITAT Mumbai dismisses Income Tax Department’s appeal, holding that alleged cash receipt in a Pune property sale cannot be sustained without admissible evidence or Section 65B certificate for WhatsApp chats.
CBDT Notifies Two Authorities for Income Tax Exemption Under Section 10(46A) With Effect From AY 2024-25
08 January 2026 at 07:02CBDT notifies Mussoorie Dehradun Development Authority and Joint Electricity Regulatory Commission for income tax exemption under Section 10(46A), effective from AY 2024-25.
CBDT Grants Tax-Exempt Status to UAE-Regulated Pension Fund Under Section 10(23FE)
07 January 2026 at 09:19CBDT notifies Inbar Holding RSC Limited as a specified pension fund under Section 10(23FE), granting income tax exemption on eligible investments made in India till March 31, 2030, subject to compliance.
GST Evasion Case: Four Arrested for Rs 1464 Crore Fake Invoice Transactions
07 January 2026 at 06:55The GST Enforcement Wing has busted a Rs 1464 crore inter-State fake invoice racket spanning Karnataka and Tamil Nadu. Four accused have been arrested for fraudulent ITC claims.
Year End Review 2025: Ministry of Parliamentary Affairs Highlights Key Legislative Milestones
07 January 2026 at 06:55Year End Review 2025 of the Ministry of Parliamentary Affairs outlines key legislative achievements, parliamentary sessions, bills passed, reforms introduced and efforts to improve coordination and productivity in Parliament.
Union Budget 2026-27: Industry Bodies Seek Targeted Credit Relief for MSMEs
06 January 2026 at 06:57Industry bodies WTC Mumbai and AIAI urge the government to announce targeted MSME measures in Union Budget 2026-27, focusing on affordable credit, GST-linked financing and export support.
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