Income Tax News

CBDT Highlights Middle-Class Tax Relief Under New Income Tax Regime

21 January 2026 at 06:04

CBDT confirms zero income tax up to Rs 12.75 lakh for salaried taxpayers under the new tax regime, with rationalised slabs and marginal relief.

Posted in Income Tax | 2346 Views

Tax Department Issues PE Notices to Foreign Digital Firms, Litigation Likely

19 January 2026 at 06:50

Foreign digital companies face tax notices in India over permanent establishment claims, setting the stage for prolonged litigation.

Posted in Income Tax | 795 Views

New Income Tax Act 2025: Why Old Court Rulings May Not Apply After April 2026

19 January 2026 at 06:50

Income Tax Act 2025 takes effect from April 1, 2026, replacing the 1961 law. Experts warn old rulings may not apply automatically.

Posted in Income Tax | 1371 Views

CBDT Clarifies: No Reopening of Past Tax Cases After Supreme Court's Tiger Global Verdict

19 January 2026 at 06:50

CBDT has clarified that past tax cases will not be reopened following the Supreme Court’s Tiger Global ruling, easing investor concerns over Mauritius and Singapore-routed deals.

Posted in Income Tax | 10197 Views

CBDT Grants Income Tax Exemption to West Bengal Construction Workers Welfare Board Under Section 10(46)

17 January 2026 at 07:35

CBDT grants income tax exemption under Section 10(46) to West Bengal Construction Workers Welfare Board with retrospective effect from FY22.

Posted in Income Tax | 177 Views

FY27 Budget Unlikely to Change Income Tax Law, New Rules to Shape Tax Regime

17 January 2026 at 07:35

FY27 Budget is unlikely to amend income tax law, with CBDT rules expected to shape taxpayer rights, compliance burden and the new tax regime.

Posted in Income Tax | 1059 Views

Supreme Court Denies Treaty Benefits to Tiger Global in Flipkart Capital Gains Tax Case

16 January 2026 at 10:12

In a crucial tax ruling, the Supreme Court has held Tiger Global liable for capital gains tax on its Flipkart stake sale to Walmart.

Posted in Income Tax | 1674 Views

Direct Tax Collections Rise 8.82% to Rs 18.37 Lakh Crore as of January 11, 2026

14 January 2026 at 07:43

Net direct tax collections rose 8.82% to Rs 18.37 lakh crore as on January 11, 2026, aided by lower refunds and steady corporate, personal tax growth

Posted in Income Tax | 129 Views

Finance Ministry Year End Review 2025: Major Reforms by Department of Financial Services

12 January 2026 at 07:01

Ministry of Finance Year Ender 2025 highlights key achievements, reforms and initiatives of the Department of Financial Services across banking and finance.

Posted in Income Tax | 705 Views