Income Tax News
ITAT Bangalore Gives Relief to Landowner in Rs 1.82 Crore Mango Sales Case
14 November 2025 at 06:38ITAT Bangalore grants relief to landowner after Rs 1.82 crore mango income taxed as unexplained cash credit; tribunal rejects tax department's assumptions.
Centre Confident of Meeting Rs 25.2 Lakh Crore Direct Tax Target Despite STT Shortfall
14 November 2025 at 06:38Despite lower STT collections, the Centre remains confident of achieving its Rs 25.2 lakh crore direct tax target for FY26, driven by strong PIT growth.
SC Protects Chartered Accountants: Issuing Form 15CB Isn't Money Laundering
13 November 2025 at 06:48The Supreme Court ruled that a Chartered Accountant cannot be held criminally liable under PMLA for issuing Form 15CB, as the role is limited to confirming tax compliance, not verifying transactions.
Direct Tax Collections Grows 7% YoY; Refunds Down 18% in FY 2025-26
13 November 2025 at 06:48As refunds moderate to Rs 2.42 lakh crore, India's direct tax receipts surged 7% year-on-year to Rs 12.92 lakh crore by November 10, 2025, showing improved collection efficiency.
CBDT Implements Revised Protocol for India-Belgium Double Taxation Avoidance Agreement
13 November 2025 at 06:48India notifies the amended DTAA Protocol with Belgium, enhancing tax transparency and mutual assistance from June 26, 2025.
CBDT Uncovers Rs 9169 Crore Political Donation Laundering Racket Involving CAs and RUPPs
12 November 2025 at 06:36The CBDT has uncovered a Rs 9,169 crore political donation laundering racket involving Registered Unrecognised Political Parties (RUPPs), CAs and intermediaries who used fake receipts and cash refunds to evade taxes across two assessment years.
CBDT Simplifies Process to Correct TDS, Interest and Refund Errors
11 November 2025 at 06:41Taxpayers will now get faster refunds as CBDT authorizes CPC Bengaluru to correct TDS, TCS, and interest errors instantly under Section 154. The move eliminates long delays and improves tax transparency.
GST Rate Cuts and Income Tax Relief to Drive India's FY26 Growth Beyond 6.8%, Says CEA
11 November 2025 at 06:41India’s FY26 growth likely above 6.8%, says CEA; GST cuts, tax relief, and trade deal hopes lift economic outlook.
India Sets Benchmark in Fair Digital Taxation Frameworks: CBDT Joint Commissioner
11 November 2025 at 06:41India's tax reforms from SEP to VDA taxation show global leadership in fair, transparent, and equitable digital economy taxation, says CBDT official.
CBDT Official Highlights India's Commitment to Multilateral Tax Certainty and Simplified Compliance
08 November 2025 at 09:28Principal Commissioner Raman Chopra said India’s next phase of tax reforms will focus on achieving multilateral certainties, simplifying compliance, and deepening taxpayer trust through data-driven and non-intrusive administration.
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