Income Tax News
CBDT Issues New Procedure for MAP Cases With Pending Appeals Before CIT(A)
29 November 2025 at 06:17CBDT issues new MAP guidelines directing CIT(A) to provide withdrawal intimation for pending appeals, enabling faster implementation of MAP resolutions.
CBI Recovers Over Rs 1 Crore in Raids Linked to ITAT Jaipur Appeal-Fixing Syndicate
28 November 2025 at 06:22CBI 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.
CBDT Notifies Tax Exemptions for Odisha PCB, Haryana Technical Education Board & Odisha RERA Under Section 10
28 November 2025 at 06:22CBDT 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.
CBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign Assets
28 November 2025 at 06:22CBDT 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.
UPS Option Deadline Nears: Govt Urges NPS Subscribers to Apply by 30th Nov 2025
27 November 2025 at 06:09The 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.
Supreme Court Issues Notice on Plea Challenging Income Tax Exemption for Cash Political Donations up to Rs 2000
25 November 2025 at 06:16The 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.
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 06:57India'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.
Finance Ministry Notifies Voluntary Aadhaar Authentication for PFMS Mobile App Users
22 November 2025 at 09:14Finance Ministry allows voluntary Aadhaar authentication for PFMS app users with alternative ID options like bank OTP verification.
Capital Market Bodies Urge STT Cut, Reforms in Pre-Budget Meeting With FM Sitharaman
22 November 2025 at 06:33Capital market representatives have sought lower STT, market inclusion measures and deeper reforms during a pre-Budget meeting with Finance Minister Nirmala Sitharaman.
Capital Gains Tax Relief Process Simplified Under New 2025 Amendment Scheme
20 November 2025 at 09:35The Finance Ministry has notified the Capital Gains Accounts (Second Amendment) Scheme, 2025, introducing digital payments, electronic statements, and mandatory online account closure from April 1, 2027.
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