Income Tax Department cracks down on fake tax refund claims by MNC, PSU, and govt employees. Large-scale verification exposes misuse of deductions under Sections 80D, 80G, 10(13A) and more. Refunds withheld; penalties and prosecutions begin.
India cuts income tax refund time from 93 to 17 days, driven by digital reforms. Refunds surge 474% as taxpayer base and collections rise sharply.
CBDT notifies tax exemption under Section 10(46) for District Legal Services Authorities in Haryana for AY 2024-25 to 2028-29, covering income from grants, court orders, fees and bank interest.
The Income Tax Department has launched a massive verification drive targeting fraudulent ITR filings involving bogus deductions under sections 10(13A), 80GGC, 80D, 80G, and others.
CBDT extends tax exemption deadline for SWFs and PFs under Section 10(23FE) to March 31, 2030, boosting long-term infrastructure investment in India.
The Central Board of Direct Taxes (CBDT) has released the Excel-based offline utilities for Income Tax Return (ITR) Forms 2 and 3 for the Assessment Year (AY) 2025-26.
The CBDT has collected Rs 20,000 crore in pending tax dues in Q1 of FY2025, doubling last year's figures. With a Rs 1.96 lakh crore target, recovery efforts are set to intensify.
PIB warns users against fake e-PAN card emails flagged as phishing scams. The Income Tax Department confirms it never requests personal info via email. Learn how to stay safe and report such fraud.
The Ministry of Finance has notified bonds issued by the Indian Renewable Energy Development Agency (IREDA) as 'long-term specified assets' under Section 54EC of the Income-tax Act, 1961.
The Income Tax Department has made Aadhaar OTP mandatory for updating contact details and applying for a new PAN from July 1, 2025. Learn about the new rules, deadlines and their implications.
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