An income-tax appellate tribunal in Ahmedabad set aside an addition for alleged cash on-money in a property purchase, ruling the tax department relied on third-party material without direct proof, benefiting taxpayers in similar disputes.
Delhi High Court has ordered the Centre to decide within six months on a plea seeking GST exemption for adult diapers, citing discrimination compared to sanitary pads.
A Ludhiana businessman was arrested for a Rs 9 crore GST fraud involving fake invoices, while a tax inspector was dismissed for unauthorized absence in Punjab's crackdown on tax evasion.
The CBIC will introduce the Eligible Manufacturer-Importer scheme by March 1, with a draft framework for stakeholder consultation expected within days. The scheme offers two-year benefits to non-AEO manufacturers to encourage AEO certification.
New draft income tax rules propose a significant change to PAN requirements for vehicle purchases. Currently mandatory for all vehicles, PAN will now only be needed for purchases exceeding Rs 5 lakh, including high-end bikes.
Central GST Commissionerate in Jalandhar conducted searches, seizing evidence from 23 dummy firms with Rs 1,000 crore taxable value and Rs 130.5 crore GST evasion. Main accused Jaswinder Mahi arrested.
The Central Board of Indirect Taxes and Customs suspends Chennai South CGST Commissioner P Manikkavel on charges of demanding illegal gratification from taxpayers. The case has been referred to the CBI for investigation.
Commercial taxes department officials in Hyderabad exposed a fake invoicing racket worth Rs 32 crore after intercepting a cargo van during a routine check, leading to a police case against Suman Enterprises.
A recent CAG report has led to tax notices for disabled military personnel, sparking debate over fairness and policy implications for veterans.
India's net direct tax collections reached ₹19.43 trillion, up 9.4% year-on-year, achieving over 80% of the revised FY26 target. Corporate tax grew 14.5%, while personal income tax increased 5.9%.
Bengaluru has been added to the list of cities eligible for a 50% HRA tax exemption in draft Income Tax rules, joining Hyderabad and Pune, pending final approval.
Bengaluru's workforce is set for significant tax savings as draft Income Tax Rules propose 50% HRA exemption, placing the city alongside Delhi, Mumbai, Kolkata, and Chennai.
Bengaluru's salaried workforce is set for significant tax savings as draft Income Tax Rules propose 50% HRA exemption, placing the city alongside Delhi, Mumbai, Kolkata, and Chennai.
The Income Tax Department conducted extensive simultaneous raids at multiple locations linked to the Panorama Group and its CMD Sanjeev Mishra in Purnia and Supaul districts of Bihar. Over 20 officials scrutinized financial records and properties in a maj
The government's draft Income Tax Rules 2026 propose significant increases in PAN quoting thresholds for vehicle purchases, cash transactions, property deals, and hotel bills, while mandating crypto exchange reporting and including CBDC as electronic paym
Income tax returns for the assessment year 2026-27 will follow existing regulations, with deadlines set for July 31, 2026 for ITR-1 and ITR-2 filers, and August 31 for ITR-3 and ITR-4.
India's draft income tax rules propose simplified forms for seniors, higher PAN thresholds, mandatory crypto reporting, and CBDC inclusion, aiming to reduce compliance burden.
The draft Income-tax Rules 2026 propose raising the PAN threshold for bank deposits to ₹2 lakh and increasing tax-exempt meal limits. Rules aim to simplify filing and reflect current economic realities.
The Central Board of Direct Taxes has released draft income tax rules proposing to raise the PAN threshold for cash transactions and introduce new reporting requirements for crypto assets, effective from 2026.
The Income Tax Department has issued draft rules and forms under the new Income Tax Act, 2025, aiming to simplify provisions and reduce compliance burdens. Stakeholders can submit feedback until February 22, 2026.
The Central Board of Direct Taxes has released draft income tax rules and forms for public consultation until February 22, 2026, ahead of implementing the new Income Tax Act 2025 from April 1, 2026.
The Income Tax Department will notify draft Income Tax Rules 2026 in early March, aligning with the new Income Tax Act 2025 effective April 2026. The rules feature simplified forms and language to ease taxpayer compliance.
Union Finance Minister Nirmala Sitharaman's Budget 2026-27 emphasizes youth empowerment and administrative simplification, with no changes to income tax slabs but key reforms like the new Income Tax Act 2025 and extended filing deadlines.
The Directorate General of GST Intelligence has exposed a massive illegal gaming-fintech network worth over Rs 5,000 crore operating through online platforms, shell companies, and fintech firms in Hyderabad.
Telangana's commercial tax revenue grew by 3% to ₹64,914 crore from April 2025 to January 2026, driven by GST and VAT increases, with liquor tax surging 8%.
CBDT Chairman Ravi Agrawal states there is no sunset date for the old tax regime, with 95% of tax refunds disbursed. He discusses budget proposals, tax base widening, and STT hike impacts.
Supreme Court Justice R Mahadevan announced the Income Tax Act 2025 will replace the 1961 Act from April 1, focusing on simplification, modernization, and global alignment. The seminar also addressed AI risks in tax advocacy.
The Madhya Pradesh Tax Consultant Association has formally requested a new GST Appellate Tribunal bench in Indore, citing high litigation volume, taxpayer convenience, and the city's economic prominence.
The Income Tax Department has released draft rules to simplify tax filing, reduce disputes, and enhance compliance. The rules, effective from April 1, feature faceless assessments and public feedback until February 22.
The Income Tax Department has published draft rules and forms for the new tax regime, inviting public feedback until July 29. This move aims to streamline compliance and implement recent legislative changes.