The Income Tax Department clarifies Section 80G rules on donation deductions, limits, cash payment restrictions, Form 10BE verification and eligibility under old vs new tax regime.
Advance tax collection grew just over 4% after the third instalment, sharply lower than last year, with non-corporate tax payments declining, income-tax data shows.
GSTN introduces a new IMS functionality allowing taxpayers to select Yes or No for ITC reduction while accepting credit notes, improving accuracy in GST compliance.
ICAI has released admit cards for CA Final, Intermediate January 2026 exams. Candidates can download hall tickets from the ICAI e-Services portal at eservices.icai.org.
PFRDA has notified key amendments to NPS Exit and Withdrawal Regulations, 2015, offering higher lumpsum withdrawals, flexible annuity options, removal of lock-in period and extended exit age up to 85 years.
India's net direct tax collections rose 8% to Rs 17.05 lakh crore in FY 2025-26 (till Dec 17), aided by lower refunds and higher corporate tax inflows.
CBIC has enabled voluntary post-clearance revision of Bills of Entry under Section 18A of the Customs Act through a new ICES module on ICEGATE, allowing amendment, deletion, and addition of records.
Government steps up ease of doing business for MSMEs with revised MSME criteria, credit guarantee schemes, procurement reforms and post-Covid relief measures.
GST 2.0 gathers momentum as industry looks to Budget 2026 for rate rationalisation, ITC reforms, petroleum inclusion and relief on inverted duty refunds.
Income Tax Department uses NMS, AIS and data analytics to track high-value transactions of non-filers and nudge taxpayers towards voluntary ITR compliance.
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