Income Tax News
CBDT Uncovers Rs 9169 Crore Political Donation Laundering Racket Involving CAs and RUPPs
12 November 2025 at 06:36The CBDT has uncovered a Rs 9,169 crore political donation laundering racket involving Registered Unrecognised Political Parties (RUPPs), CAs and intermediaries who used fake receipts and cash refunds to evade taxes across two assessment years.
CBDT Simplifies Process to Correct TDS, Interest and Refund Errors
11 November 2025 at 06:41Taxpayers will now get faster refunds as CBDT authorizes CPC Bengaluru to correct TDS, TCS, and interest errors instantly under Section 154. The move eliminates long delays and improves tax transparency.
GST Rate Cuts and Income Tax Relief to Drive India's FY26 Growth Beyond 6.8%, Says CEA
11 November 2025 at 06:41India’s FY26 growth likely above 6.8%, says CEA; GST cuts, tax relief, and trade deal hopes lift economic outlook.
India Sets Benchmark in Fair Digital Taxation Frameworks: CBDT Joint Commissioner
11 November 2025 at 06:41India's tax reforms from SEP to VDA taxation show global leadership in fair, transparent, and equitable digital economy taxation, says CBDT official.
CBDT Official Highlights India's Commitment to Multilateral Tax Certainty and Simplified Compliance
08 November 2025 at 09:28Principal Commissioner Raman Chopra said India’s next phase of tax reforms will focus on achieving multilateral certainties, simplifying compliance, and deepening taxpayer trust through data-driven and non-intrusive administration.
CBDT Grants Income Tax Exemptions to Haryana Construction Workers Welfare Board and Ayodhya Development Authority
08 November 2025 at 09:19CBDT has notified tax exemptions for the Haryana Building and Other Construction Workers Welfare Board and Ayodhya Vikas Pradhikaran under Section 10 of the Income-tax Act, recognizing their welfare and development roles.
CBDT Notifies 1% and 3% Arm's Length Price Tolerance for AY 2025-26
08 November 2025 at 06:31As per CBDT Notification S.O. 5053(E), a 1% variation is allowed for wholesale trading and 3% for all other cases under Section 92C of the Income Tax Act, ensuring consistency in transfer pricing compliance.
Major Relief for Aishwarya Rai Bachchan: ITAT Deletes Rs 4 Crore Section 14A Tax Disallowance
07 November 2025 at 06:32Aishwarya Rai Bachchan wins Rs 4 crore income tax case at ITAT Mumbai as the tribunal rules in her favour on Section 14A disallowance. The judgment clarifies how tax officers must record satisfaction before applying Rule 8D on exempt income expenses.
ICAI Proposes Optional Joint Taxation for Married Couples in Pre-Budget 2026-27 Suggestions
07 November 2025 at 06:32ICAI, in its Pre-Budget 2026-27 suggestions, has proposed optional joint taxation for married couples to promote fairness and family welfare.
CBDT Grants Income Tax Exemption to Karnataka Housing Board Under Section 10(46A)
06 November 2025 at 06:46CBDT grants income tax exemption to Karnataka Housing Board under Section 10(46A) of the Income Tax Act, effective from AY 2024-25. The notification ensures no adverse impact from its retrospective application.
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