Union Budget 2026-27 introduces major direct tax reforms including Income Tax Act 2025 effective from April 1, 2026, lower TCS rates, LRS relief and new buyback taxation rules.
Confident Group chairman C.J. Roy died by suicide at his Bengaluru office amid Income Tax scrutiny. Police have launched an investigation into the incident.
Delhi High Court asks tax authorities to shun revenue-first mindset and adopt a justice-oriented approach while granting Section 197 nil or lower TDS certificates.
Income Tax officers have flagged unrealistic targets, staff shortages and infrastructure gaps, seeking an urgent meeting with the CBDT amid refund delays and rising complaints.
Delhi High Court sets aside income tax reassessment notices against NDTV founders Prannoy Roy and Radhika Roy, imposes Rs 2 lakh costs on IT Department.
CBDT confirms zero income tax up to Rs 12.75 lakh for salaried taxpayers under the new tax regime, with rationalised slabs and marginal relief.
Foreign digital companies face tax notices in India over permanent establishment claims, setting the stage for prolonged litigation.
Income Tax Act 2025 takes effect from April 1, 2026, replacing the 1961 law. Experts warn old rulings may not apply automatically.
CBDT has clarified that past tax cases will not be reopened following the Supreme Court’s Tiger Global ruling, easing investor concerns over Mauritius and Singapore-routed deals.
CBDT grants income tax exemption under Section 10(46) to West Bengal Construction Workers Welfare Board with retrospective effect from FY22.
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