Income Tax News

Income Tax Department Raids on Popular Hyderabad Eateries

19 November 2025 at 06:40

Income Tax officials raided Hyderabad's Pista House and Shahgouse Hotel, while the ED searched Al-Falah University in Delhi as part of a terror case probe.

Posted in Income Tax | 249 Views

ITR Refund Delay 2025: CBDT Flags High-Value Claims, Refunds Likely by December

18 November 2025 at 07:07

CBDT says high-value and red-flagged refund claims are causing delays this year. Refunds down 18% due to stricter scrutiny. Most refunds expected by December. Learn what taxpayers should do next.

Posted in Income Tax | 13371 Views

Confusion Over Section 234B Interest: GCCI Demands Clarity in Income Tax Act

17 November 2025 at 06:34

GCCI has urged the government to amend the Income Tax Act after many taxpayers received interest demand notices under Section 234B despite paying dues while filing updated returns.

Posted in Income Tax | 1809 Views

Income Tax Act 2025: CBDT Chairman Instructs Officers to Start Preparations for April 2026 Implementation

17 November 2025 at 06:33

CBDT Chairman Ravi Agrawal has directed tax authorities nationwide to begin preparations for the implementation of the new Income Tax Act 2025, set to replace the 1961 law from April 1, 2026

Posted in Income Tax | 2 comments | 28302 Views

Man Arrested for Posing as Income Tax Officer, Duping Woman of Rs 55.8 Lakh

15 November 2025 at 07:41

A man posing as an Income Tax officer was arrested in Palghar for conducting a fake raid and cheating a woman of Rs 55.8 lakh. Police are searching for his accomplices.

Posted in Income Tax | 822 Views

CBDT Seeks Clarity From MeitY on Tax Incentives for Data Centres Under New Policy

15 November 2025 at 06:44

CBDT has asked MeitY for detailed definitions and eligibility criteria for proposed long-term tax incentives for data centres, citing concerns over misuse and revenue loss.

Posted in Income Tax | 879 Views

ITAT Bangalore Gives Relief to Landowner in Rs 1.82 Crore Mango Sales Case

14 November 2025 at 06:38

ITAT Bangalore grants relief to landowner after Rs 1.82 crore mango income taxed as unexplained cash credit; tribunal rejects tax department's assumptions.

Posted in Income Tax | 1 comments | 1860 Views

Centre Confident of Meeting Rs 25.2 Lakh Crore Direct Tax Target Despite STT Shortfall

14 November 2025 at 06:38

Despite lower STT collections, the Centre remains confident of achieving its Rs 25.2 lakh crore direct tax target for FY26, driven by strong PIT growth.

Posted in Income Tax | 108 Views

SC Protects Chartered Accountants: Issuing Form 15CB Isn't Money Laundering

13 November 2025 at 06:48

The Supreme Court ruled that a Chartered Accountant cannot be held criminally liable under PMLA for issuing Form 15CB, as the role is limited to confirming tax compliance, not verifying transactions.

Posted in Income Tax | 3225 Views

Direct Tax Collections Grows 7% YoY; Refunds Down 18% in FY 2025-26

13 November 2025 at 06:48

As refunds moderate to Rs 2.42 lakh crore, India's direct tax receipts surged 7% year-on-year to Rs 12.92 lakh crore by November 10, 2025, showing improved collection efficiency.

Posted in Income Tax | 954 Views