Income Tax News

FY27 Budget Unlikely to Change Income Tax Law, New Rules to Shape Tax Regime

17 January 2026 at 07:35

FY27 Budget is unlikely to amend income tax law, with CBDT rules expected to shape taxpayer rights, compliance burden and the new tax regime.

Posted in Income Tax | 1005 Views

Supreme Court Denies Treaty Benefits to Tiger Global in Flipkart Capital Gains Tax Case

16 January 2026 at 10:12

In a crucial tax ruling, the Supreme Court has held Tiger Global liable for capital gains tax on its Flipkart stake sale to Walmart.

Posted in Income Tax | 1605 Views

Direct Tax Collections Rise 8.82% to Rs 18.37 Lakh Crore as of January 11, 2026

14 January 2026 at 07:43

Net 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

Posted in Income Tax | 78 Views

Finance Ministry Year End Review 2025: Major Reforms by Department of Financial Services

12 January 2026 at 07:01

Ministry of Finance Year Ender 2025 highlights key achievements, reforms and initiatives of the Department of Financial Services across banking and finance.

Posted in Income Tax | 615 Views

CBDT Notifies Core Settlement Guarantee Fund for Tax Exemption Under Section 10(23EE)

10 January 2026 at 07:05

CBDT notifies Core Settlement Guarantee Fund set up by AMC Repo Clearing Ltd for income-tax exemption under Section 10(23EE) from AY 2024-25.

Posted in Income Tax | 147 Views

Crorepati Tax Filers Jump 22% in FY26 as Income Concentrates at the Top

09 January 2026 at 07:18

India 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.

Posted in Income Tax | 969 Views

Income Tax Refund Delay Explained: Why 63 Lakh Returns for AY 2025-26 Are Still Pending

09 January 2026 at 07:18

Over 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

Posted in Income Tax | 3573 Views

Govt Opens Tax Portal APIs: Large Taxpayers May Shift to Automated Compliance

08 January 2026 at 07:02

Large 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.

Posted in Income Tax | 3813 Views

ITAT Mumbai Rejects Unexplained Cash Allegation in Pune Property Sale, Dismisses Revenue Appeal

08 January 2026 at 07:02

ITAT 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.

Posted in Income Tax | 519 Views

CBDT Notifies Two Authorities for Income Tax Exemption Under Section 10(46A) With Effect From AY 2024-25

08 January 2026 at 07:02

CBDT notifies Mussoorie Dehradun Development Authority and Joint Electricity Regulatory Commission for income tax exemption under Section 10(46A), effective from AY 2024-25.

Posted in Income Tax | 282 Views