Income Tax News

CBDT Grants Tax-Exempt Status to UAE-Regulated Pension Fund Under Section 10(23FE)

07 January 2026 at 09:19

CBDT notifies Inbar Holding RSC Limited as a specified pension fund under Section 10(23FE), granting income tax exemption on eligible investments made in India till March 31, 2030, subject to compliance.

Posted in Income Tax | 249 Views

CBDT Chairman Asks Income Tax Department to Gear Up for New Direct Tax Law from 1st April 2026

06 January 2026 at 06:57

CBDT Chairman Ravi Agrawal urges Income Tax officials to prepare for the transition to the new Income Tax Act, 2025, set to take effect from April 1, 2026, focusing on training, technology and taxpayer facilitation.

Posted in Income Tax | 2142 Views

Income Tax Changes Ahead? Budget 2026 May Push New Tax Regime Further

06 January 2026 at 06:57

Budget 2026 may further push the New Tax Regime after major relief in Budget 2025. Here's how middle-income taxpayers benefit the most.

Posted in Income Tax | 1887 Views

Income Tax Department Releases Updated Common Offline Utilities for ITR 1 to ITR 7

03 January 2026 at 06:44

Download the latest Common Offline Utility for ITR-1 to ITR-7 to prepare income tax returns offline, validate data, generate JSON files and upload easily on the e-filing portal.

Posted in Income Tax | 408 Views

PFRDA Policy Reforms: Banks to Manage NPS, New Trustees Appointed, IMF Rationalised

03 January 2026 at 06:43

PFRDA approves major NPS reforms allowing scheduled commercial banks to sponsor pension funds, appoints new NPS Trust trustees, revises Investment Management Fee slabs from April 1, 2026

Posted in Income Tax | 207 Views

Centre Notifies Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025

01 January 2026 at 07:18

The Centre has notified Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025, redefining FDI norms, leadership requirements, and FEMA alignment.

Posted in Income Tax | 312 Views

Income Tax Alerts Leave Taxpayers Worried as Refunds and ITR Processing Are Paused Over Claim Mismatches

30 December 2025 at 06:51

Got an income tax email? Refunds and ITR processing may be delayed due to claim mismatches. Here's what it means.

Posted in Income Tax | 1416 Views

Maharashtra Leads Crypto TDS Collections as VDA Tax Revenues Jump 41% in FY25

29 December 2025 at 06:54

Maharashtra led VDA TDS collections at ₹293.40 crore in FY25 as total crypto TDS rose 41% to ₹511.83 crore, with Karnataka, Gujarat and Delhi following, reflecting exchange location and tighter tax enforcement.

Posted in Income Tax | 1116 Views

CBDT Releases Updated Offline ITR Utilities for AY 2025-26

27 December 2025 at 06:45

The Income Tax Department has released an updated Common Offline ITR Utility (v1.2.7) for filing ITR-1 to ITR-4 for AY 2025-26 on December 24, 2025.

Posted in Income Tax | 285 Views

CBDT Asks Field Officers to Intensify Tax Demand Recovery Amid Revenue Shortfall

26 December 2025 at 06:47

Tax collections are likely to fall short of Budget targets as CBDT asks field formations to intensify recovery of large tax demands and tighten compliance measures.

Posted in Income Tax | 12990 Views