Income Tax News
Mohandas Pai Criticizes Rising Tax Harassment, Calls Out 'Regulatory Oppression'
11 April 2025 at 08:48Former Infosys CFO and prominent IT industry veteran T.V. Mohandas Pai has launched a scathing critique of what he terms "tax terrorism" in India, warning that the burden of income-tax oppression is "enormous"
Farmer Shocked by Rs 143 Crore IT Notice Linked to PAN Card Fraud
10 April 2025 at 08:38In a bizarre case of identity theft, a 26-year-old farmer from Ajmer, Rajasthan, was left stunned after receiving an income tax notice linked to a Rs 143 crore transaction allegedly made using his PAN card. Ramraj Chaudhary, a resident of Keriakala V
CBDT Notifies HUDCO Bonds as Long-Term Specified Asset u/s 54EC for FY 2025-26
09 April 2025 at 09:03The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has notified bonds issued by the Housing and Urban Development Corporation Limited (HUDCO) as a 'long-term specified asset' under Section 54EC of the Income-tax Act, 1961.
CBDT Notifies New ITR-B Form for Block Assessment in Search & Seizure Cases
09 April 2025 at 09:00CBDT has introduced a new Form ITR-B to be used for filing income tax returns for block assessments in cases arising out of search and seizure operations initiated on or after September 1, 2024.
CBDT Notifies 30th April 2025 as Last Date to File Under Vivad se Vishwas Scheme
09 April 2025 at 08:57The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has officially notified April 30, 2025 as the last date to file a declaration under the Direct Tax Vivad se Vishwas Scheme, 2024.
Over 3.24 Lakh Individuals Filed ITR for Income Above Rs 1 Crore in FY 2024-25
08 April 2025 at 08:53In a sign of rising high-income taxpayers and improved compliance, the latest data released by the IT Dept reveals that 3.24 lakh individuals in India filed their ITRs for incomes exceeding Rs 1 crore in the financial year 2024-25, ending March 31, 2025.
Rs 30 Crore IT Notice to Mathura Farmer Exposes PAN Card Misuse in UP
07 April 2025 at 08:29Low-income workers across Uttar Pradesh targeted in massive identity theft scamIn a shocking revelation that has sent ripples across Uttar Pradesh, a farmer from Mathura has been served an Income Tax notice amounting to ₹30 crore.
CBDT Notifies Exemption from TDS on NSS Withdrawals Under Section 194EE
07 April 2025 at 08:28In a move that brings relief to individual investors, the Central Board of Direct Taxes (CBDT) has notified that no Tax Deducted at Source (TDS) shall be applicable on certain withdrawals from the National Savings Scheme (NSS).
Taxpayers, CAs File Appeals Against IT Notices Over Section 87A Rebate Claims
05 April 2025 at 09:05The long-standing confusion surrounding Section 87A rebate claims has reared its head again. Despite revising their income tax returns (ITRs) in January 2025 as per the Bombay High Court's directive
CBDT Mandates PAN-Aadhaar Linking by Dec 31, 2025 for Pre-October 2024 Applicants
05 April 2025 at 08:50CBDT has issued a fresh notification mandating that individuals who were allotted a PAN based on their Aadhaar Enrolment ID before October 1, 2024, must update their Aadhaar number with the Income Tax Department by December 31, 2025.
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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
