Income Tax News
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.
CBDT Releases Updated Offline ITR Utilities for AY 2025-26
27 December 2025 at 06:45The Income Tax Department has released an updated Common Offline ITR Utility (v1.2.7) for filing ITR-1 to ITR-4 for AY 2025-26 on December 24, 2025.
CBDT Asks Field Officers to Intensify Tax Demand Recovery Amid Revenue Shortfall
26 December 2025 at 06:47Tax collections are likely to fall short of Budget targets as CBDT asks field formations to intensify recovery of large tax demands and tighten compliance measures.
CBDT Launches NUDGE Campaign to Correct Ineligible Tax Deductions for AY 2025-26
24 December 2025 at 09:26CBDT urges taxpayers to review potentially ineligible deduction and exemption claims flagged by data analytics and revise ITRs by December 31, 2025.
No Routine Access to Social Media, Emails Under Income Tax Act 2025: PIB Clarifies
23 December 2025 at 09:40PIB Fact Check clarifies that the Income Tax Department has no routine power to access social media or emails from April 2026. Digital access applies only during search and survey cases.
Income Tax Algorithm Error Flags Unlisted Share Capital Gains as Business Income
22 December 2025 at 06:40Income Tax Dept's automated system is misclassifying capital gains from unlisted share sales as business income due to TDS data mismatch. Know why notices are being sent and how taxpayers should respond.
Section 80G Explained: Key FAQs on Donation Deductions, Limits, Verification & ITR Filing
22 December 2025 at 06:40The Income Tax Department clarifies Section 80G rules on donation deductions, limits, cash payment restrictions, Form 10BE verification and eligibility under old vs new tax regime.
Advance Tax Growth Loses Momentum After Third Instalment
22 December 2025 at 06:40Advance tax collection grew just over 4% after the third instalment, sharply lower than last year, with non-corporate tax payments declining, income-tax data shows.
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