Income Tax News

Two Income Tax Officials Jailed 4 Years for Rs 15 Lakh Bribe

29 September 2025 at 09:11

Two Income Tax officials sentenced to 4 years in jail for accepting ₹15 lakh bribe in Jodhpur CBI court; jeweller acquitted due to insufficient evidence.

Posted in Income Tax | 2262 Views

CBDT Issues Digital Evidence Manual: Tax Officials to Trace Offshore Servers, AI Data

27 September 2025 at 09:06

CBDT’s new digital evidence manual empowers tax officials to use Companies Act provisions to access offshore data. Firms must keep daily backups in India, disclose overseas custodians and comply with stricter digital evidence rules.

Posted in Income Tax | 3663 Views

CAG and CBDT Sign MoU to Enhance Training, Research and Data-Driven Audits

26 September 2025 at 09:00

The CAG and CBDT have signed an MoU to collaborate on training, research, and AI-driven audits, focusing on capacity building, GST audits, and governance reforms.

Posted in Income Tax | 1524 Views

CBDT Extends Tax Audit Report Filing Due Date for AY 2025-26 to 31st October 2025

25 September 2025 at 16:09

CBDT has extended the due date for filing Tax Audit Reports for Assessment Year 2025-26 from September 30 to October 31, 2025, providing relief to taxpayers and professionals.

Posted in Income Tax | 1 comments | 15087 Views

IT Department Opposes Actor Vijay's Rs 1.5 Crore Penalty Challenge in Supreme Court

25 September 2025 at 09:16

The Income Tax Department opposed actor C. Joseph Vijay’s writ petition challenging a Rs 1.5 crore penalty for not voluntarily disclosing an additional Rs 15 crore income during FY 2015-16.

Posted in Income Tax | 2394 Views

Supreme Court Upholds Rs 8.59 Crore Service Tax Demand on Airports Authority of India

25 September 2025 at 09:06

The Supreme Court has upheld a Rs 8.59 crore service tax demand on the Airports Authority of India for fees collected from airlines, exporters, and cargo operators between 2003 and 2007, rejecting AAI’s appeal against the CESTAT ruling.

Posted in Income Tax | 177 Views

Rajasthan HC Extends Tax Audit Report Deadline to 31st October, CBDT Notification Still Awaited

24 September 2025 at 14:24

The Rajasthan High Court has extended the Tax Audit Report deadline by one month, but taxpayers and professionals now await CBDT's official notification for nationwide clarity.

Posted in Income Tax | 10704 Views

ICAI, Direct Tax Committee Highlights Technical Glitches in Income Tax Portal Ahead of Tax Audit Deadline

24 September 2025 at 09:26

ICAI flags technical glitches in the Income Tax E-filing Portal ahead of the September 30, 2025 deadline, urging CBDT to address login failures, slow utilities and DSC issues impacting tax audit and ITR filings.

Posted in Income Tax | 6279 Views

CBDT Waives Interest for Taxpayers Affected by Incorrect 87A Rebate under Section 115BAC

23 September 2025 at 08:53

CBDT issues Circular 13/2025 granting relief to taxpayers affected by rectifications . Interest under section 220(2) waived if demands are paid by December 31, 2025. Key details on rebate correction under section 87A explained

Posted in Income Tax | 2703 Views

Supreme Court Justice Criticizes Tax and Legal Mindset, Calls for Bold Reforms

23 September 2025 at 08:52

Supreme Court Justice Manmohan warns that India must reimagine outdated tax and legal systems to achieve its 2047 developed nation goal, stressing mindset change, simpler laws and modern reforms.

Posted in Income Tax | 2136 Views