Large taxpayers may move to automated tax compliance as the government opens API access for GST systems, with income tax and customs portals likely to follow.
ITAT Mumbai dismisses Income Tax Department’s appeal, holding that alleged cash receipt in a Pune property sale cannot be sustained without admissible evidence or Section 65B certificate for WhatsApp chats.
CBDT notifies Mussoorie Dehradun Development Authority and Joint Electricity Regulatory Commission for income tax exemption under Section 10(46A), effective from AY 2024-25.
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.
The GST Enforcement Wing has busted a Rs 1464 crore inter-State fake invoice racket spanning Karnataka and Tamil Nadu. Four accused have been arrested for fraudulent ITC claims.
Year End Review 2025 of the Ministry of Parliamentary Affairs outlines key legislative achievements, parliamentary sessions, bills passed, reforms introduced and efforts to improve coordination and productivity in Parliament.
Industry bodies WTC Mumbai and AIAI urge the government to announce targeted MSME measures in Union Budget 2026-27, focusing on affordable credit, GST-linked financing and export support.
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.
Ahead of Budget 2026, BCCI flags a tax anomaly where small taxpayers lose Section 87A rebate due to capital gains under Sections 111A and 112.
Budget 2026 may further push the New Tax Regime after major relief in Budget 2025. Here's how middle-income taxpayers benefit the most.