Income Tax News
Tax Department Issues PE Notices to Foreign Digital Firms, Litigation Likely
19 January 2026 at 06:50Foreign digital companies face tax notices in India over permanent establishment claims, setting the stage for prolonged litigation.
New Income Tax Act 2025: Why Old Court Rulings May Not Apply After April 2026
19 January 2026 at 06:50Income Tax Act 2025 takes effect from April 1, 2026, replacing the 1961 law. Experts warn old rulings may not apply automatically.
CBDT Clarifies: No Reopening of Past Tax Cases After Supreme Court's Tiger Global Verdict
19 January 2026 at 06:50CBDT has clarified that past tax cases will not be reopened following the Supreme Court’s Tiger Global ruling, easing investor concerns over Mauritius and Singapore-routed deals.
CBDT Grants Income Tax Exemption to West Bengal Construction Workers Welfare Board Under Section 10(46)
17 January 2026 at 07:35CBDT grants income tax exemption under Section 10(46) to West Bengal Construction Workers Welfare Board with retrospective effect from FY22.
FY27 Budget Unlikely to Change Income Tax Law, New Rules to Shape Tax Regime
17 January 2026 at 07:35FY27 Budget is unlikely to amend income tax law, with CBDT rules expected to shape taxpayer rights, compliance burden and the new tax regime.
Supreme Court Denies Treaty Benefits to Tiger Global in Flipkart Capital Gains Tax Case
16 January 2026 at 10:12In a crucial tax ruling, the Supreme Court has held Tiger Global liable for capital gains tax on its Flipkart stake sale to Walmart.
Direct Tax Collections Rise 8.82% to Rs 18.37 Lakh Crore as of January 11, 2026
14 January 2026 at 07:43Net direct tax collections rose 8.82% to Rs 18.37 lakh crore as on January 11, 2026, aided by lower refunds and steady corporate, personal tax growth
Finance Ministry Year End Review 2025: Major Reforms by Department of Financial Services
12 January 2026 at 07:01Ministry of Finance Year Ender 2025 highlights key achievements, reforms and initiatives of the Department of Financial Services across banking and finance.
CBDT Notifies Core Settlement Guarantee Fund for Tax Exemption Under Section 10(23EE)
10 January 2026 at 07:05CBDT notifies Core Settlement Guarantee Fund set up by AMC Repo Clearing Ltd for income-tax exemption under Section 10(23EE) from AY 2024-25.
Crorepati Tax Filers Jump 22% in FY26 as Income Concentrates at the Top
09 January 2026 at 07:18India sees a 22% rise in crorepati income-tax filers in FY26 even as overall ITR filings grow just 1%, indicating income concentration and improved compliance.
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