Income Tax News
FM Sitharaman Calls for Greater Tax Certainty and Reduced Litigation at 167th Income Tax Day Celebration
25 July 2026 at 09:21Finance Minister Nirmala Sitharaman outlined the 5Rs of Responsive Tax Governance at the 167th Income Tax Day celebrations, emphasizing tax certainty, reduced litigation, taxpayer-centric reforms, and the transformative impact of the Income-tax Act, 2025.
Centre Notifies Additional PMLA Special Courts in Gujarat
24 July 2026 at 09:34The Central Government has amended the PMLA notification to designate additional Special Courts in Gujarat, including CBI Special Courts in Ahmedabad and the Principal District Judge, Surat.
CBDT Grants Section 10(46) Exemption to District Legal Services Authority, Jind
23 July 2026 at 09:23CBDT Notification No. 92/2026 grants Section 10(46) income-tax exemption to District Legal Services Authority (DLSA), Jind on specified income for FY 2022-23 to FY 2025-26, subject to prescribed conditions.
CBDT Revises 'Specified Fund' Definition Under Income Tax Act, 2025
22 July 2026 at 08:00The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Second Amendment) Rules, 2026, introducing an important amendment to the definition of "specified fund" under the Income-tax Rules, 2026.The amendment has been issued through Notif
No Proposal to Scrap LTCG Tax for Retail Investors, Govt Clarifies in Lok Sabha
22 July 2026 at 07:40The Government has clarified in Lok Sabha that there is currently no proposal to scrap the 12.5% Long-Term Capital Gains (LTCG) tax on equity investments for domestic investors.
CBDT Enables Foreign Assets Reporting in AIS: Taxpayers Can Now View CRS/FATCA Data Online
21 July 2026 at 09:48CBDT has enabled display of foreign asset and income information received under CRS/FATCA in AIS. Taxpayers can now view overseas account and investment data on the Income Tax portal.
CBDT Notifies NaBFID 10-Year Zero Coupon Bond Under Income Tax Act, 2025
20 July 2026 at 09:27CBDT has notified NaBFID's Ten Year Zero Coupon Bond as a Zero Coupon Bond under Section 2(112) of the Income-tax Act, 2025. Check key features, tenure, issue timeline and tax implications.
Social Protection Fund Notified as Specified Person Under IT Act 2025 for Tax-Exempt Investments in India
16 July 2026 at 09:45CBDT has notified Oman’s Social Protection Fund as a specified person under the Income-tax Act, 2025, allowing tax exemption on eligible investments in India until 31 March 2030, subject to compliance conditions.
CBDT Notifies Cost Inflation Index (CII) for FY 2026-27 Under Income Tax Act, 2025
16 July 2026 at 09:38The Central Board of Direct Taxes (CBDT) has officially notified the Cost Inflation Index (CII) for the Financial Year 2026-27 at 384, providing clarity for taxpayers and professionals dealing with capital gains computations under the new Income-tax
Direct Tax Collections Rise 16.4% to Rs 6.51 Lakh Crore as on 13th July 2026 for FY 2026-27
15 July 2026 at 09:26Net direct tax collections for FY 2026-27 rose 16.4% to Rs 6.51 lakh crore as of July 13, 2026, while gross collections increased 16.1%, according to official data.
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