Income Tax News

Income Tax Act 2025 to Take Effect from 1st April 2026

01 February 2026 at 13:21

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.

Posted in Income Tax | 438 Views

Bengaluru Real Estate Tycoon Dies by Suicide While Under Income Tax Raid

31 January 2026 at 13:13

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.

Posted in Income Tax | 387 Views

Delhi High Court Orders Pragmatic Approach in Nil TDS Cases for Overseas Companies

23 January 2026 at 07:11

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.

Posted in Income Tax | 1095 Views

Income Tax Officers Call Targets 'Unrealistic', Seek Urgent Meeting with CBDT

22 January 2026 at 07:06

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.

Posted in Income Tax | 2157 Views

Major Relief for NDTV Founders as Delhi HC Quashes IT Reassessment Notices

21 January 2026 at 06:04

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.

Posted in Income Tax | 996 Views

CBDT Highlights Middle-Class Tax Relief Under New Income Tax Regime

21 January 2026 at 06:04

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.

Posted in Income Tax | 2310 Views

Tax Department Issues PE Notices to Foreign Digital Firms, Litigation Likely

19 January 2026 at 06:50

Foreign digital companies face tax notices in India over permanent establishment claims, setting the stage for prolonged litigation.

Posted in Income Tax | 756 Views

New Income Tax Act 2025: Why Old Court Rulings May Not Apply After April 2026

19 January 2026 at 06:50

Income Tax Act 2025 takes effect from April 1, 2026, replacing the 1961 law. Experts warn old rulings may not apply automatically.

Posted in Income Tax | 1347 Views

CBDT Clarifies: No Reopening of Past Tax Cases After Supreme Court's Tiger Global Verdict

19 January 2026 at 06:50

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.

Posted in Income Tax | 10161 Views