Income Tax News

CBDT Grants Tax Exemption to NCCL's Core Settlement Guarantee Fund Till AY 2026-27

08 July 2026 at 09:29

The Central Government has granted tax-exempt status to NCCL's Core Settlement Guarantee Fund under Section 10(23EE) for AY 2019-20 to 2026-27.

Posted in Income Tax | 1569 Views

CBDT Condones Delay in Filing Form 10AB for 80G Approval Applications Till 31st March 2026

04 July 2026 at 10:04

CBDT Circular No. 06/2026 condones delay in filing Form 10AB for renewal of Section 80G approval. Know eligibility, timelines, implications, and relief available to charitable institutions.

Posted in Income Tax | 4776 Views

CBDT Notifies TDS Exemption on Aircraft Lease Rentals Paid to IFSC Units Under Income Tax Act, 2025

04 July 2026 at 09:45

CBDT has notified that no TDS will be deducted on aircraft lease rent and supplemental lease rent paid to eligible IFSC units under the Income Tax Act, 2025. The exemption is effective from April 1, 2026, subject to specified conditions.

Posted in Income Tax | 3669 Views

CBDT Notifies TDS Exemption on Ship Lease Rentals Paid to IFSC Units Under Income Tax Act, 2025

04 July 2026 at 09:39

CBDT has notified that no TDS will be deducted on lease rent paid for ship leasing to eligible IFSC units claiming deduction under Section 147 of the Income-tax Act, 2025, subject to specified conditions.

Posted in Income Tax | 210 Views

CBDT Notifies University of Hyderabad and PHFI as Approved Scientific Research Institutions Under Income Tax Act, 2025

29 June 2026 at 09:24

CBDT has notified the University of Hyderabad and the Public Health Foundation of India as approved scientific research institutions under the Income-tax Act, 2025, for Tax Years 2026-27 to 2030-31.

Posted in Income Tax | 123 Views

Income Tax Department Enables Online Challan Correction Facility

25 June 2026 at 09:35

The Income Tax Department's online Challan Correction facility allows taxpayers to correct AY, Tax Year, Major Head and Minor Head errors. Check eligibility, timelines, FAQs, user manual steps and important restrictions

Posted in Income Tax | 3750 Views

ITR-3 Utility Released for AY 2026-27: Excel Utility, JSON Schema and Validation Files Now Available

20 June 2026 at 09:18

The Income Tax Department has released the ITR-3 Excel Utility for AY 2026-27. Check eligibility, utility details, filing deadlines, and what business taxpayers should do next.

Posted in Income Tax | 3231 Views

Income Tax Act 2025: Key FAQs on Proposed Tax Exemption for FIIs Investing in G-Secs

15 June 2026 at 09:42

The government has released FAQs explaining the proposed tax exemption for Foreign Institutional Investors (FIIs) on interest income and capital gains from Government Securities under the Income Tax Act, 2025. Here's what investors need to know.

Posted in Income Tax | 3582 Views

Income Tax Act, 2025: CBDT Organises Webinar on Cross-Border Taxation and Transfer Pricing

13 June 2026 at 09:17

The Income Tax Department and PwC India hosted a webinar on the Income-tax Act, 2025, covering international tax, transfer pricing, new rules, compliance updates and cross-border taxation reforms.

Posted in Income Tax | 375 Views

Senior Citizens Welfare Fund Interest Rate Fixed at 6.85% for FY 2025-26

09 June 2026 at 09:20

The Ministry of Finance has notified an interest rate of 6.85% on deposits under the Senior Citizens Welfare Fund (SCWF) for the period from April 1, 2025 to March 31, 2026. Read the details of the latest notification.

Posted in Income Tax | 4551 Views