Income Tax News
CBDT Grants Income Tax Exemption to Uttarakhand Pollution Control Board
08 August 2025 at 08:46CBDT grants income tax exemption to Uttarakhand Pollution Control Board from AY 2025-26 under Section 10(46A), recognising its role in environmental protection...
CBDT Detects Rs 630 Crore Undisclosed Income in Crypto Transactions
07 August 2025 at 09:11CBDT detects Rs 630 crore in undisclosed crypto income and sends over 44,000 compliance notices under its NUDGE campaign. Learn how the government is cracking down on cryptocurrency linked tax evasion.
Parliamentary Panel Criticizes IT Dept for Not Segregating Business and Individual Income Under PIT
07 August 2025 at 09:03A parliamentary panel has criticised the Income Tax Department for refusing to segregate business and individual income under PIT, calling for a clear action plan to improve tax transparency and policy formulation.
Income Tax Bill 2025: No Exemption for Fast-Track Demergers, Startups May Suffer
07 August 2025 at 08:57Experts have criticised the Income-Tax Bill, 2025 for excluding fast-track demergers from tax-neutral treatment, warning that it contradicts ease of doing business and increases tax burden on startups and MSMEs.
Income Tax Department Detects Rs 30,444 Crore Undisclosed Income in FY25 Through 465 Surveys
07 August 2025 at 08:53In FY25, the Income Tax Department detected Rs 30,444 crore in undisclosed income through 465 surveys, Parliament was informed. Seizures and search operations also yielded assets worth over Rs 2,500 crore.
Income Tax Bill 2025: Lok Sabha Panel Recommends Over 330 Changes to Boost Clarity
04 August 2025 at 09:12The Lok Sabha Select Committee spent 25,000 hours reviewing the Income Tax Bill 2025, recommending 330+ clarity-focused changes.
Finance Ministry: Only 8 PMLA Cases Convicted Out of 5,892 ED Investigations
02 August 2025 at 09:19Finance Ministry reveals that out of 5,892 money laundering cases probed by ED since January 2015, only 8 convictions have been secured. The data was shared in response to a Rajya Sabha query by TMC MP Saket Gokhale.
Finance Ministry Notifies 0.1% Concessional Guarantee Fee for NaBFID
02 August 2025 at 09:13The Finance Ministry has notified a concessional 0.1% guarantee fee for NaBFID’s foreign borrowings, aiming to support its long-term infrastructure financing goals. Notification follows global credit ratings from Moody’s and Fitch.
ICSI Calls for Recognition of Company Secretaries as 'Accountants' Under Income Tax Bill
02 August 2025 at 09:05The Institute of Company Secretaries of India (ICSI) urges the government to recognise CS professionals as accountants and calls for a comprehensive overhaul of taxation laws
CBI Arrests Income Tax Inspector and Middleman in Rs 70,000 Bribery Case in Vijayawada
01 August 2025 at 09:33The CBI has arrested an Income Tax Inspector in Vijayawada and a middleman for accepting a Rs 70,000 bribe from a businessman in Eluru to suppress departmental action. A trap was laid following a complaint, and both accused are now in custody.
Popular News
- CBDT Notifies ITR-BN Under Income Tax Rules 2026 for Block Assessment Cases
- CBDT Notifies NaBFID 10-Year Zero Coupon Bond Under Income Tax Act, 2025
- CBDT Notifies Cost Inflation Index (CII) for FY 2026-27 Under Income Tax Act, 2025
- Draft Insurance Rules 2026 Released: Centre Proposes Major Overhaul of 87-Year-Old Insurance Rules
- CBDT Revises 'Specified Fund' Definition Under Income Tax Act, 2025
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