ITAT Delhi grants major relief to a taxpayer in a Section 14A dispute, ruling that Rule 8D disallowance applies only to investments generating tax-free income.
Income Tax Department has sent advisory alerts to taxpayers over ITR-AIS mismatch. Review AIS, revise or file belated return by Dec 31, 2025.
ICAI has reduced fees for verification and certified copies of CA exam answer books. New charges apply for Foundation, Intermediate, Final & PQC exams from Jan 2026 results.
Parliament has enacted the Health Security se National Security Cess Act, 2025, introducing a machine-based cess on specified goods to fund national security and public health.
Income Tax Dept detects large-scale under-reporting of property and cooperative bank transactions under SFT. Taxpayers get time till December 31 to file corrected returns.
Lok Sabha passes Insurance Law Amendment Bill 2025 allowing 100% FDI in insurance, strengthening IRDAI powers, boosting competition, capital inflows and policyholder protection.
No new GoM planned on GST revenue losses as Centre admits rate rationalisation may leave states with Rs 47,700 crore net shortfall.
GST on readymade garments priced above Rs 2500 has been increased to 18% from September 22, 2025, while items up to Rs 2500 now attract 5%, the government told Lok Sabha.
Kanpur police and State Tax department arrest four for Rs 37.87 crore GST evasion involving fake firms and bogus sales exceeding Rs 210 crore.
GST automation, e-invoicing and AI tools have reduced tax evasion, improved revenue buoyancy and boosted investor confidence, the government told Lok Sabha.
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