Income Tax News

Gujarat High Court Orders IT Refund to Ex-Serviceman on Disability Pension

12 December 2025 at 06:47

Gujarat High Court has ruled that disability pension is fully tax-exempt even for ex-servicemen who retire voluntarily.

Posted in Income Tax | 822 Views

CBDT Issues Over 44,000 Alerts for Undisclosed Crypto Transactions

12 December 2025 at 06:47

CBDT issues over 44,000 notices for undisclosed crypto transactions as ED attaches Rs 4,189 crore. TDS collections on crypto double, revealing major compliance gaps.

Posted in Income Tax | 1884 Views

Income Tax Disputes Cross 5 Lakh Cases: Centre Shares Five-Year Pendency Data

11 December 2025 at 07:00

The Finance Ministry has released five-year data on income tax disputes, revealing over 5 lakh pending appeals and more than Rs 16 lakh crore locked in litigation across CIT(A), ITAT, High Courts and the Supreme Court.

Posted in Income Tax | 6606 Views

Income Tax Act 2025: New ITR Forms to Be Issued Before 2027-28

10 December 2025 at 07:06

New ITR forms under the Income Tax Act, 2025 will be notified before FY 2027-28, the Finance Ministry confirmed. CBDT is simplifying ITR and TDS forms ahead of the new tax law effective April 1, 2026.

Posted in Income Tax | 1986 Views

ITAT Ahmedabad Restores NRI's Appeal Despite 621-Day Delay Due to Wrong Email Notices

10 December 2025 at 06:44

ITAT Ahmedabad restores an NRI's appeal delayed by 621 days after finding that the CIT(A) sent notices to the wrong email address. Tribunal flags faceless appeal lapses.

Posted in Income Tax | 789 Views

Delhi Police Bust Fake Police & IT Squad in 1 kg Gold Robbery

09 December 2025 at 06:45

Delhi Police arrested five men running a fake police and bogus IT squad behind a 1 kg gold heist. In a separate action, police busted a phone-snatching racket linked to an international smuggling network.

Posted in Income Tax | 1089 Views

FM Sitharaman Says Customs Reform Is Next Big Focus After Income Tax & GST Overhaul

09 December 2025 at 06:45

FM Nirmala Sitharaman says customs reform is the government's next big focus after GST and income tax overhaul. Rupee slide, inflation, and RBI's upgraded GDP forecast also discussed.

Posted in Income Tax | 1086 Views

MVAT & PT Act Return Due Dates Extended to 10th Dec 2025 Due to System Upgrades

08 December 2025 at 06:37

Maharashtra's State Tax Commissioner supersedes TC 16T/2025, extending the last date for MVAT (Oct 2025) and PT Act (Nov 2025) returns to 10th December 2025. File by this date for late fee exemption.

Posted in Income Tax | 1596 Views

India's Corporate Tax Surges 115% to Rs 9.86 Lakh Crore in 2024-25

05 December 2025 at 06:46

India's corporate tax collection soared from Rs 4.57L Cr in 2020-21 to Rs 9.86L Cr in 2024-25. Learn how lower rates and massive post-COVID profit rebounds led to this 115% jump.

Posted in Income Tax | 165 Views

FM Sitharaman Calls for Technology-Aligned, Fair Tax Systems at 18th Global Forum Plenary

04 December 2025 at 07:00

Union Finance Minister Nirmala Sitharaman inaugurated the 18th Plenary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in New Delhi.

Posted in Income Tax | 1035 Views