29 results in Income Tax
TCS Rationalisation on Coal, Scrap & Minerals: What Businesses Need to Know
Union Budget 2026–27 rationalises TCS rates on coal, scrap and minerals by prescribing a uniform 2% rate. The move aims to simplify compliance, improve cash flow for businesses, and reduce disputes a…
Read full update →Income Tax Act, 2025 Takes Effect from 1 April 2026: What Every Taxpayer Should Know
From 1 April 2026, the Income Tax Act, 2025 will replace the six-decade-old Income Tax Act, 1961. Announced in Union Budget 2026–…
Income Tax Update: Section 80G FAQs Issued under NUDGE Campaign
The Income Tax Department has issued detailed FAQs on Section 80G under its NUDGE Campaign to clarify rules on donation-based ded…
CBDT NUDGE Campaign: Action Against Bogus Donation Claims under Sections 80G & 80GGC (PIB Release)
The CBDT has launched a targeted NUDGE Campaign to curb bogus donation claims under Sections 80G and 80GGC using a data-driven ap…
Delhi HC: Income Tax Assessee Information (Including 80G Exemption) Cannot Be Sought Under RTI – Section 138 IT Act Prevails | PM CARES Fund Case
Delhi High Court set aside CIC's order directing disclosure of PM CARES Fund's 80G exemption documents and file notings under RTI…
Income Tax Department Enables Auto-Populated AIS Data for FY 2024-25
From April 10, 2025, AIS data is auto-filled in ITR forms to simplify filing and improve accuracy.
New Income Tax Circular Allows Single Missed Advance Tax Installment Correction
From April 12, 2025, CBDT allows correction of one missed advance tax installment under Circular No. 07/2025.
Advance Tax Second Installment Due by 15th June 2025
Second advance tax installment is due by 15th June. Plan now to avoid interest penalties.