Income Tax News
CBDT Empowers Commissioner, CPC Bengaluru to Rectify and Issue Demands for Certain Income Tax Cases
28 October 2025 at 09:25CBDT notifies powers for CPC Bengaluru to rectify errors under Section 154 and issue tax demand notices under Section 156 for CPC-processed cases.
CBDT Launches Updated Search and Seizure Manual 2025 with Focus on Digital Evidence and Data Security
28 October 2025 at 06:38CBDT issues Search and Seizure Manual 2025, modernizing tax investigation with digital evidence handling, data protection, and inter-agency coordination.
CBDT APA Annual Report 2024-25: Unprecedented Growth in Unilateral & Bilateral Agreements
23 October 2025 at 06:14CBDT's APA Annual Report 2024-25 records a surge in Advance Pricing Agreements, offering tax certainty for multinational enterprises and strengthening India's ease of doing business
CBDT Issues Directions on Verification of Expenses in the Entertainment Sector Following C&AG Audit Report
23 October 2025 at 06:14CBDT issues fresh directions following C&AG's Performance Audit Report on the entertainment sector, instructing tax officers to ensure uniform assessment of pre-operative and film production expenses under Rules 9A and 9B of the Income-tax Rules, 1962.
CBDT Sets New Record: 174 APAs Signed in FY25
20 October 2025 at 07:16The CBDT has signed a record 174 Advance Pricing Agreements (APAs) in FY25 - the highest ever including 65 Bilateral APAs and one Multilateral APA.
All Rules Under New Income Tax Law to be Notified by 31st December 2025
20 October 2025 at 07:16The government plans to notify all rules under the new income tax law by December 31, 2025, through a single consolidated notification.
Excel Utilities for ITR-1 to 7 for AY 2023-24 Released as per Finance Act, 2025
18 October 2025 at 07:15Income Tax Dept releases Excel Utilities for filing Updated Returns (ITR-1 to 7) for AY 2023-24 as per Finance Act, 2025. Download from e-Filing portal.
Net Direct Tax Collections Rise 6.3% to Rs 11.89 Lakh Crore as of 12th October 2025
15 October 2025 at 09:32India's net direct tax collections surged 6.3% to Rs 11.89 lakh crore as of October 12, 2025, driven by steady corporate earnings and lower refunds. Gross collections reached Rs 13.92 lakh crore, per CBDT data.
Black Money Act Under Review: Tax Department Examines Overlaps with Income Tax Law
15 October 2025 at 06:30Government reviews Black Money Act; committee to assess harsh penalties, legal overlaps with the Income Tax Act, and challenges in enforcement.
Income Tax Refunds Fall Sharply Amid New Fraud Detection Checks by the Tax Department
15 October 2025 at 06:30Income tax refunds drop 16% as the government tightens fraud detection checks; taxpayers face longer verification for high-value claims.
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