Income Tax News
Income Tax Rules, 2026 Notified: Rule-Wise Comparison with Old IT Rules, 1962
09 February 2026 at 06:51Income Tax Rules, 2026 modernise and restructure over 330 rules from the 1962 framework, enhancing clarity, digital compliance, faceless administration and ease of transition for taxpayers and professionals.
Income Tax Rates for FY 2026-27
09 February 2026 at 06:50Finance Bill 2026 retains existing income tax rates for FY 2026-27. No change in slabs, surcharge or cess for individuals, firms & companies.
Income Tax Act 2025 to Take Effect from 1st April 2026
01 February 2026 at 13:21Union Budget 2026-27 introduces major direct tax reforms including Income Tax Act 2025 effective from April 1, 2026, lower TCS rates, LRS relief and new buyback taxation rules.
Bengaluru Real Estate Tycoon Dies by Suicide While Under Income Tax Raid
31 January 2026 at 13:13Confident Group chairman C.J. Roy died by suicide at his Bengaluru office amid Income Tax scrutiny. Police have launched an investigation into the incident.
Delhi High Court Orders Pragmatic Approach in Nil TDS Cases for Overseas Companies
23 January 2026 at 07:11Delhi High Court asks tax authorities to shun revenue-first mindset and adopt a justice-oriented approach while granting Section 197 nil or lower TDS certificates.
Income Tax Officers Call Targets 'Unrealistic', Seek Urgent Meeting with CBDT
22 January 2026 at 07:06Income Tax officers have flagged unrealistic targets, staff shortages and infrastructure gaps, seeking an urgent meeting with the CBDT amid refund delays and rising complaints.
Major Relief for NDTV Founders as Delhi HC Quashes IT Reassessment Notices
21 January 2026 at 06:04Delhi High Court sets aside income tax reassessment notices against NDTV founders Prannoy Roy and Radhika Roy, imposes Rs 2 lakh costs on IT Department.
CBDT Highlights Middle-Class Tax Relief Under New Income Tax Regime
21 January 2026 at 06:04CBDT confirms zero income tax up to Rs 12.75 lakh for salaried taxpayers under the new tax regime, with rationalised slabs and marginal relief.
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.
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