Income Tax News

CBDT Releases Updated Offline ITR Utilities for AY 2025-26

27 December 2025 at 06:45

The Income Tax Department has released an updated Common Offline ITR Utility (v1.2.7) for filing ITR-1 to ITR-4 for AY 2025-26 on December 24, 2025.

Posted in Income Tax | 294 Views

CBDT Asks Field Officers to Intensify Tax Demand Recovery Amid Revenue Shortfall

26 December 2025 at 06:47

Tax collections are likely to fall short of Budget targets as CBDT asks field formations to intensify recovery of large tax demands and tighten compliance measures.

Posted in Income Tax | 13002 Views

CBDT Launches NUDGE Campaign to Correct Ineligible Tax Deductions for AY 2025-26

24 December 2025 at 09:26

CBDT urges taxpayers to review potentially ineligible deduction and exemption claims flagged by data analytics and revise ITRs by December 31, 2025.

Posted in Income Tax | 2178 Views

No Routine Access to Social Media, Emails Under Income Tax Act 2025: PIB Clarifies

23 December 2025 at 09:40

PIB Fact Check clarifies that the Income Tax Department has no routine power to access social media or emails from April 2026. Digital access applies only during search and survey cases.

Posted in Income Tax | 1473 Views

Income Tax Algorithm Error Flags Unlisted Share Capital Gains as Business Income

22 December 2025 at 06:40

Income Tax Dept's automated system is misclassifying capital gains from unlisted share sales as business income due to TDS data mismatch. Know why notices are being sent and how taxpayers should respond.

Posted in Income Tax | 1428 Views

Section 80G Explained: Key FAQs on Donation Deductions, Limits, Verification & ITR Filing

22 December 2025 at 06:40

The Income Tax Department clarifies Section 80G rules on donation deductions, limits, cash payment restrictions, Form 10BE verification and eligibility under old vs new tax regime.

Posted in Income Tax | 1 comments | 4125 Views

Advance Tax Growth Loses Momentum After Third Instalment

22 December 2025 at 06:40

Advance tax collection grew just over 4% after the third instalment, sharply lower than last year, with non-corporate tax payments declining, income-tax data shows.

Posted in Income Tax | 177 Views

Net Direct Tax Collections Rise 8% in FY 2025-26 Till 17th December

20 December 2025 at 08:09

India's net direct tax collections rose 8% to Rs 17.05 lakh crore in FY 2025-26 (till Dec 17), aided by lower refunds and higher corporate tax inflows.

Posted in Income Tax | 252 Views

Income Tax Department Tracks High-Value Transactions of Non-Filers Using NMS

20 December 2025 at 07:22

Income Tax Department uses NMS, AIS and data analytics to track high-value transactions of non-filers and nudge taxpayers towards voluntary ITR compliance.

Posted in Income Tax | 1590 Views

ITAT Delhi Grants Major Relief to Taxpayer in Section 14A Dispute Over Tax-Free Income

20 December 2025 at 07:20

ITAT Delhi grants major relief to a taxpayer in a Section 14A dispute, ruling that Rule 8D disallowance applies only to investments generating tax-free income.

Posted in Income Tax | 1032 Views