Central Board of Direct Taxes has released draft Income-tax Rules and Forms to simplify compliance under the Income-tax Act, 2025,…
The draft Income Tax Rules, 2026 propose revised perquisite norms that will apply to both the old and new tax…
The Central Board of Direct Taxes (CBDT) has released the draft Income-tax Rules, 2026, marking a major procedural overhaul to…
With nearly 88% of individual taxpayers now opting for the new tax regime, the government is not considering a sunset…
“All tax disputes can’t be labelled as overreach”
It’s time for the government to write off the unrealised tax revenue not under dispute and relieve taxpayers from unwarranted…
The Income Tax Department has identified cases under the risk management framework and through the use of advanced data analytics…
Given the steep asking rate of 22.3% during November-March FY2026 to meet the Budget estimate, ICRA Chief Economist Aditi Nayar…
Many taxpayers expected quick refunds, but the processing has slowed down. CBDT Chairman Ravi Agrawal recently clarified that the main…
The move, which follows the disclosure of over ₹29,000 crore in the first phase, aims to boost compliance before severe…
Tax Audit Report Filing 2025-26: The Karnataka High Court and the Rajasthan High Court have directed the Central Board of…
Income Tax Return Due Date Extension: The September 15 deadline applies to non-audit taxpayers including individuals, Hindu Undivided Families (HUFs)…
The Centre is reviewing the Pradhan Mantri Garib Kalyan Anna Yojana to cut subsidy costs by removing ineligible beneficiaries. States…
The move comes in response to grievances received by the Centralized Processing Centre (CPC) in Bengaluru, which highlighted that returns…
The department is using AI-powered data analytics to raise red flags for high-value transactions where returns have not been filed…
FM Nirmala Sitharaman urges faster disposal of tax disputes, quicker refunds, and improved grievance redressal. Calls for region-wise strategies, simplified…
The Karnataka and Goa region has been given a collection target of Rs 2.81 lakh crore, representing 11.15% of the…
The I-T department aims to resolve over 2 lakh appeals involving Rs 10 lakh crore in FY26 to boost tax…