Income Tax News
ITAT Mumbai Rejects Unexplained Cash Allegation in Pune Property Sale, Dismisses Revenue Appeal
08 January 2026 at 07:02ITAT Mumbai dismisses Income Tax Department’s appeal, holding that alleged cash receipt in a Pune property sale cannot be sustained without admissible evidence or Section 65B certificate for WhatsApp chats.
CBDT Notifies Two Authorities for Income Tax Exemption Under Section 10(46A) With Effect From AY 2024-25
08 January 2026 at 07:02CBDT notifies Mussoorie Dehradun Development Authority and Joint Electricity Regulatory Commission for income tax exemption under Section 10(46A), effective from AY 2024-25.
CBDT Grants Tax-Exempt Status to UAE-Regulated Pension Fund Under Section 10(23FE)
07 January 2026 at 09:19CBDT notifies Inbar Holding RSC Limited as a specified pension fund under Section 10(23FE), granting income tax exemption on eligible investments made in India till March 31, 2030, subject to compliance.
CBDT Chairman Asks Income Tax Department to Gear Up for New Direct Tax Law from 1st April 2026
06 January 2026 at 06:57CBDT Chairman Ravi Agrawal urges Income Tax officials to prepare for the transition to the new Income Tax Act, 2025, set to take effect from April 1, 2026, focusing on training, technology and taxpayer facilitation.
Income Tax Changes Ahead? Budget 2026 May Push New Tax Regime Further
06 January 2026 at 06:57Budget 2026 may further push the New Tax Regime after major relief in Budget 2025. Here's how middle-income taxpayers benefit the most.
Income Tax Department Releases Updated Common Offline Utilities for ITR 1 to ITR 7
03 January 2026 at 06:44Download the latest Common Offline Utility for ITR-1 to ITR-7 to prepare income tax returns offline, validate data, generate JSON files and upload easily on the e-filing portal.
PFRDA Policy Reforms: Banks to Manage NPS, New Trustees Appointed, IMF Rationalised
03 January 2026 at 06:43PFRDA approves major NPS reforms allowing scheduled commercial banks to sponsor pension funds, appoints new NPS Trust trustees, revises Investment Management Fee slabs from April 1, 2026
Centre Notifies Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025
01 January 2026 at 07:18The Centre has notified Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025, redefining FDI norms, leadership requirements, and FEMA alignment.
Income Tax Alerts Leave Taxpayers Worried as Refunds and ITR Processing Are Paused Over Claim Mismatches
30 December 2025 at 06:51Got an income tax email? Refunds and ITR processing may be delayed due to claim mismatches. Here's what it means.
Maharashtra Leads Crypto TDS Collections as VDA Tax Revenues Jump 41% in FY25
29 December 2025 at 06:54Maharashtra led VDA TDS collections at ₹293.40 crore in FY25 as total crypto TDS rose 41% to ₹511.83 crore, with Karnataka, Gujarat and Delhi following, reflecting exchange location and tighter tax enforcement.
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