Income Tax News
Direct Tax Collections Rise 8.82% to Rs 18.37 Lakh Crore as of January 11, 2026
14 January 2026 at 07:43Net direct tax collections rose 8.82% to Rs 18.37 lakh crore as on January 11, 2026, aided by lower refunds and steady corporate, personal tax growth
Finance Ministry Year End Review 2025: Major Reforms by Department of Financial Services
12 January 2026 at 07:01Ministry of Finance Year Ender 2025 highlights key achievements, reforms and initiatives of the Department of Financial Services across banking and finance.
CBDT Notifies Core Settlement Guarantee Fund for Tax Exemption Under Section 10(23EE)
10 January 2026 at 07:05CBDT notifies Core Settlement Guarantee Fund set up by AMC Repo Clearing Ltd for income-tax exemption under Section 10(23EE) from AY 2024-25.
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
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.
CBDT Chairman Asks Income Tax Department to Gear Up for New Direct Tax Law from 1st April 2026
06 January 2026 at 06:57CBDT Chairman Ravi Agrawal urges Income Tax officials to prepare for the transition to the new Income Tax Act, 2025, set to take effect from April 1, 2026, focusing on training, technology and taxpayer facilitation.
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