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Income Tax News


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 |   1371 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 |   1266 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 |   3612 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 |   207 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 |   1113 Views


Finance Ministry Allows 80G Donations for Rs 50 Crore Renovation of Iconic Balakrishna Lalji Temple

   03 December 2025 at 09:29

The Ministry of Finance has notified the Shree Balakrishna Lalji & Other Deities Temple in Bhuleshwar, Mumbai as a place of historic importance under Section 80G.

Posted in Income Tax |   219 Views


Commercial Taxes Dept Uncovers Nearly Rs 100 Crore GST Evasion in Bengaluru

   03 December 2025 at 06:42

Bengaluru's GST Enforcement Wing detects nearly Rs 100 crore tax evasion in electronics, steel, cement and retail sectors during a 10-day crackdown.

Posted in Income Tax |   288 Views


Delhi HC Warns GST & Income Tax Departments Against Using AI-Generated Judgments in SCNs

   03 December 2025 at 06:42

Delhi High Court warns GST and Income-Tax departments against using AI-generated case laws in show cause notices, citing risks of fake judgments and AI hallucinations.

Posted in Income Tax |   3267 Views


Mumbai Security Guard Gets IT Notice After Rs 2.2 Crore Fraud Using His PAN

   03 December 2025 at 06:42

A Mumbai security guard earning Rs 3 lakh annually received IT notices after fraudsters used his PAN to register a company that made Rs 2.2 crore transactions. ..

Posted in Income Tax |   4791 Views


India Records Strong Fiscal Performance: Rs 12.74 Lakh Crore Tax Revenue, Higher State Transfers

   03 December 2025 at 06:42

ndia's fiscal update for April-October 2025 shows total receipts of Rs 18 lakh crore, tax devolution of Rs 8.34 lakh crore to states, and expenditure at Rs 26.25 lakh crore.

Posted in Income Tax |   120 Views



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