Income Tax News
ITR Filing Begins: Excel Utilities for ITR-1 and ITR-4 Now Available for AY 2025-26
30 May 2025 at 09:19The Income Tax Department has officially released the Excel utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) for Assessment Year 2025-26, enabling taxpayers to start filing their income tax returns for the financial year 2024-25.
CBDT Kicks Off Massive Training Drive Ahead of New Income Tax Bill Implementation
28 May 2025 at 09:15In anticipation of the landmark Income Tax Bill being passed, the CBDT has launched a detailed implementation program to ensure a seamless transition to the new legal framework.
CBDT Extends ITR Filing Due Date from 31st July to 15th September for AY 2025-26
27 May 2025 at 17:08CBDT has extended the ITR filing deadline for AY 2025-26 from July 31 to September 15, 2025, providing taxpayers additional time to comply with updated return filing requirements.
Ministry of Finance Hosts DRT-DRAT Colloquium to Boost Debt Recovery Mechanism
26 May 2025 at 09:27Department of Financial Services (DFS), Ministry of Finance organises a colloquium of Chairpersons of Debt Recovery
Relief for Arjun Rampal: Bombay HC Cancels Non-Bailable Warrant in 2019 Tax Evasion Case
24 May 2025 at 11:02In a major relief for Bollywood actor Arjun Rampal, the Bombay High Court has overturned a non-bailable warrant issued against him in connection with a 2019 tax case.
CBDT Notifies Revised Form ITR-U for Filing Updated Returns Under Section 139(8A)
20 May 2025 at 09:02The Central Board of Direct Taxes (CBDT) has notified the revised Form ITR-U under Notification No. 49/2025, published in the Official Gazette.
Aadhaar Authentication Crosses 150 Billion Transactions
17 May 2025 at 06:47The total number of Aadhaar authentication transactions have crossed 150 billion (15,011.82 Cr) marks, making it a milestone moment in the journey of the Unique Identification Authority of India (UIDAI) and for the broader Aadhaar ecosystem.
CBDT Notifies Exemption Allowing Indian Bank's Increased Shareholding in ASREC
15 May 2025 at 09:09The Ministry of Finance has issued a notification granting Indian Bank a temporary exemption under the Banking Regulation Act, 1949, allowing it to continue holding over 30% stake in ASREC (India) Limited until March 31, 2026.
CBDT Classifies IRFC's Rs 10,000 Crore Bond as Zero Coupon Bond for Tax Purposes
15 May 2025 at 09:05The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has notified the "Ten Year Zero Coupon Bond" of the Indian Railway Finance Corporation Ltd.
CBDT Grants Tax Exemption to Telangana State Pollution Control Board Under Section 10(46)
14 May 2025 at 09:03CBDT, under the Ministry of Finance, has notified the Telangana State Pollution Control Board (TSPCB) as a tax-exempt entity under clause (46) of section 10 of the Income-tax Act, 1961.
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