Income Tax News

CBDT APA Annual Report 2024-25: Unprecedented Growth in Unilateral & Bilateral Agreements

23 October 2025 at 06:14

CBDT's APA Annual Report 2024-25 records a surge in Advance Pricing Agreements, offering tax certainty for multinational enterprises and strengthening India's ease of doing business

Posted in Income Tax | 1245 Views

CBDT Issues Directions on Verification of Expenses in the Entertainment Sector Following C&AG Audit Report

23 October 2025 at 06:14

CBDT issues fresh directions following C&AG's Performance Audit Report on the entertainment sector, instructing tax officers to ensure uniform assessment of pre-operative and film production expenses under Rules 9A and 9B of the Income-tax Rules, 1962.

Posted in Income Tax | 2532 Views

CBDT Sets New Record: 174 APAs Signed in FY25

20 October 2025 at 07:16

The CBDT has signed a record 174 Advance Pricing Agreements (APAs) in FY25 - the highest ever including 65 Bilateral APAs and one Multilateral APA.

Posted in Income Tax | 1752 Views

All Rules Under New Income Tax Law to be Notified by 31st December 2025

20 October 2025 at 07:16

The government plans to notify all rules under the new income tax law by December 31, 2025, through a single consolidated notification.

Posted in Income Tax | 2319 Views

Excel Utilities for ITR-1 to 7 for AY 2023-24 Released as per Finance Act, 2025

18 October 2025 at 07:15

Income Tax Dept releases Excel Utilities for filing Updated Returns (ITR-1 to 7) for AY 2023-24 as per Finance Act, 2025. Download from e-Filing portal.

Posted in Income Tax | 144 Views

Net Direct Tax Collections Rise 6.3% to Rs 11.89 Lakh Crore as of 12th October 2025

15 October 2025 at 09:32

India's net direct tax collections surged 6.3% to Rs 11.89 lakh crore as of October 12, 2025, driven by steady corporate earnings and lower refunds. Gross collections reached Rs 13.92 lakh crore, per CBDT data.

Posted in Income Tax | 177 Views

Black Money Act Under Review: Tax Department Examines Overlaps with Income Tax Law

15 October 2025 at 06:30

Government reviews Black Money Act; committee to assess harsh penalties, legal overlaps with the Income Tax Act, and challenges in enforcement.

Posted in Income Tax | 1398 Views

Income Tax Refunds Fall Sharply Amid New Fraud Detection Checks by the Tax Department

15 October 2025 at 06:30

Income tax refunds drop 16% as the government tightens fraud detection checks; taxpayers face longer verification for high-value claims.

Posted in Income Tax | 9951 Views

Gujarat High Court Directs CBDT to Extend ITR Filing Deadline for Audit Cases by One Month

14 October 2025 at 07:23

Gujarat High Court directs CBDT to extend ITR filing deadline for audit cases by one month, offering relief to taxpayers and professionals.

Posted in Income Tax | 11235 Views

Income Tax Portal Update: Taxpayers Can Now See When AO or CIT(A) Reviews Their Submissions

14 October 2025 at 06:40

Income Tax Dept updates e-filing portal: Track exactly when AO/CIT(A) views your submissions, enhancing transparency in faceless assessments & appeals.

Posted in Income Tax | 2 comments | 31461 Views