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Income Tax News


Supreme Court Slams Income Tax Department for Filing Frivolous SLP in a Settled Matter

   02 December 2025 at 06:45

The Supreme Court has slammed the Income Tax Department for filing a frivolous SLP in a settled case, warning against repetitive and wasteful litigation.

Posted in Income Tax |   1671 Views


Supreme Court Rules PAN Not Mandatory for DTAA Benefits: TDS Capped at 10% for Foreign Payments

   29 November 2025 at 06:17

Supreme Court rules that PAN is not mandatory to apply DTAA benefits, holding that TDS on foreign payments cannot exceed 10% even if PAN is not provided.

Posted in Income Tax |   2685 Views


CBDT Issues New Procedure for MAP Cases With Pending Appeals Before CIT(A)

   29 November 2025 at 06:17

CBDT issues new MAP guidelines directing CIT(A) to provide withdrawal intimation for pending appeals, enabling faster implementation of MAP resolutions.

Posted in Income Tax |   11331 Views


CBI Recovers Over Rs 1 Crore in Raids Linked to ITAT Jaipur Appeal-Fixing Syndicate

   28 November 2025 at 06:22

CBI busts a bribery syndicate involving ITAT Jaipur officials, arresting a Judicial Member and Advocate and seizing over Rs 1 crore in cash during multi-city raids.

Posted in Income Tax |   4812 Views


CBDT Notifies Tax Exemptions for Odisha PCB, Haryana Technical Education Board & Odisha RERA Under Section 10

   28 November 2025 at 06:22

CBDT notifies SPCB Odisha, HSBTE Panchkula and Odisha RERA for income-tax exemptions under Section 10, covering statutory fees, grants, and related revenues. Notifications apply retrospectively and prospectively from 2023-2029.

Posted in Income Tax |   162 Views


CBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign Assets

   28 November 2025 at 06:22

CBDT launches the 2nd NUDGE initiative, sending SMSs and emails from 28 Nov 2025 to taxpayers flagged for unreported foreign assets. Individuals are advised to review and revise ITRs by 31 Dec 2025 to avoid penalties.

Posted in Income Tax |   1443 Views


UPS Option Deadline Nears: Govt Urges NPS Subscribers to Apply by 30th Nov 2025

   27 November 2025 at 06:09

The last date to opt for the Unified Pension Scheme (UPS) is Nov 30, 2025. Govt urges eligible NPS subscribers to apply online or via nodal offices.

Posted in Income Tax |   159 Views


Supreme Court Issues Notice on Plea Challenging Income Tax Exemption for Cash Political Donations up to Rs 2000

   25 November 2025 at 06:16

The Supreme Court has issued notice on a petition challenging Section 13A(d) of the Income Tax Act, which allows political parties to accept cash donations up to Rs 2,000 without revealing donor identity.

Posted in Income Tax |   1578 Views


CBDT Releases Time Series Data for FY 2000-01 to FY 2024-25: Direct Tax Collections Jump to Rs 22.26 Lakh Crore

   24 November 2025 at 06:57

India's direct tax collections hit a record Rs 22.26 lakh crore in FY 2024-25 as per CBDT data, with the tax-to-GDP ratio rising to 6.73% and taxpayers exceeding 12 crore.

Posted in Income Tax |   2757 Views


Finance Ministry Notifies Voluntary Aadhaar Authentication for PFMS Mobile App Users

   22 November 2025 at 09:14

Finance Ministry allows voluntary Aadhaar authentication for PFMS app users with alternative ID options like bank OTP verification.

Posted in Income Tax |   273 Views



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