Income Tax News
PIB Warns Taxpayers Against Fake Income Tax Emails Asking for Manual Verification
21 July 2025 at 09:15PIB warns taxpayers against fake emails posing as Income Tax Department messages asking for manual verification. Learn how to report phishing and stay protected.
Customs Act Amendment: Finance Ministry Deletes Entry 10A from Exemption List
21 July 2025 at 09:07The Finance Ministry has deleted Serial No. 10A from Customs Notification No. 146/94 via Notification No. 34/2025-Customs dated July 19, 2025. Importers and stakeholders must review the change for compliance.
Finance Ministry Grants IT Exemption to Andhra Pradesh Pollution Control Board for Specified Incomes
19 July 2025 at 07:12The Finance Ministry has notified tax exemptions under Section 10(46) of the Income Tax Act for Andhra Pradesh Pollution Control Board, applicable from AY 2022-2023 to AY 202-2027, covering specified income sources.
New Income Tax Bill Seeks to End NPA Tax Disputes by Aligning with RBI Guidelines
19 July 2025 at 06:43The new Income Tax Bill proposes a clear definition of NPAs in line with RBI norms, aiming to resolve long-standing tax disputes and avoid litigation over the taxation of unrealised interest income.
Income Tax Department Releases Updated Common Offline Utility & Schema for Form 3CA-3CD and 3CB-3CD Filings
18 July 2025 at 10:25The Income Tax Department has released an updated version (1.4.0) of the common offline utility for filing Forms 3CA-3CD and 3CB-3CD under Section 44AB. Edge browser installation is mandatory for using the utility.
Income Tax Bill 2025: Parliamentary Panel Retains CA-Only Definition of 'Accountant'
18 July 2025 at 10:13The Parliamentary Committee on the Income-Tax Bill, 2025, has upheld the definition of 'accountant' to include only Chartered Accountants, excluding cost accountants and company secretaries.
Lok Sabha Select Committee Proposes Changes to Income Tax Bill, 2025
18 July 2025 at 09:24The Select Committee of the 18th Lok Sabha has finalized the Income-Tax Bill, 2025, aiming to consolidate and reform India's direct tax structure.
AI Detects Tax Evasion in Hyderabad Using Font Analysis of Forged Capital Gains Bills
18 July 2025 at 09:13The Income Tax Department uses AI to detect a forged capital gains bill in Hyderabad. A Calibri font, not public in 2002, exposed the fraud.
ITR-2 Now Enabled for Online Filing with Prefilled Data on Income Tax Portal
18 July 2025 at 09:08ITR-2 is now live for online filing with prefilled data on the Income Tax portal. Taxpayers can file seamlessly without uploading JSON files.
Revised Tax Audit Forms 3CA-3CD and 3CB-3CD Enabled on e-Filing Portal
18 July 2025 at 09:04Revised Forms 3CA-3CD and 3CB-3CD Now Live on Income Tax e-Filing Portal Following Notification No. 23/2025
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