Income Tax News

CBDT Issues New UIN Procedure for Form 121 Declarations from 1st April 2026 Under IT Act 2025

30 March 2026 at 09:30

CBDT Notification 01/2026 introduces mandatory UIN generation for Form 121 and quarterly reporting rules for payers under the Income Tax Act 2025, effective April 1, 2026.

Posted in Income Tax | 1 comments | 7173 Views

CBDT Extends TDS Certificate Deadline for Dec 2025 Quarter to 31st March 2026

28 March 2026 at 09:25

CBDT extends the due date for issuing TDS certificates for Q3 FY 2025–26 to March 31, 2026, citing technical glitches on the income tax portal.

Posted in Income Tax | 6102 Views

Finance Bill 2026: Relief and Clarity on Buyback Taxation for Promoters

28 March 2026 at 09:24

Finance Bill 2026 clarifies that the 12% surcharge applies only to additional Income Tax payable by promoters on capital gains from share buybacks. Read full details.

Posted in Income Tax | 2157 Views

FM Sitharaman in Lok Sabha: Facilitate First, Enforce Where Necessary

27 March 2026 at 09:27

FM Nirmala Sitharaman outlines ‘facilitate first’ tax philosophy in Budget 2026. TCS cuts, MSME relief, cooperative tax benefits and fisheries export boost announced.

Posted in Income Tax | 174 Views

New Income Tax Act 2025 to Simplify Compliance; Appeal Limits Raised, Says FM in Lok Sabha

27 March 2026 at 09:24

FM Nirmala Sitharaman says New Income Tax Act 2025 will simplify tax filing and reduce forms. Government raises appeal limits for ITAT, High Court and Supreme Court.

Posted in Income Tax | 3351 Views

ITR Refund Delays in FY 2025-26: Over 27 Lakh Returns Still Pending Despite High Processing Rate

27 March 2026 at 09:24

Income tax refund delays persist in FY 2025-26 with over 27 lakh ITRs still unprocessed. AI-based checks, AIS mismatches and system validations are slowing refunds.

Posted in Income Tax | 5526 Views

Big Relief for Taxpayers: FM Sitharaman Allows ITR Updates Even After Reassessment Proceedings

26 March 2026 at 09:29

Finance Minister Nirmala Sitharaman announces major taxpayer relief measures, including updated ITR filing after reassessment, NRI foreign asset disclosure scheme, and simplified travel and TDS rules in Finance Bill 2026.

Posted in Income Tax | 1 comments | 19776 Views

Income Tax Scam Alert: Fake Email on Return Filing Compliance Exposed

26 March 2026 at 09:28

PIB Fact Check warns taxpayers about a fake Income Tax email claiming compliance gaps. Learn how to identify phishing attempts and stay safe online.

Posted in Income Tax | 489 Views

Government Moves to Simplify Income Tax Laws, Reduce Litigation: MoS Finance

26 March 2026 at 09:21

Minister of State for Finance Pankaj Chaudhary informed Parliament that the government is simplifying income tax laws, reducing litigation and introducing automated systems for TDS compliance under the Finance Bill 2026.

Posted in Income Tax | 378 Views