News

Income Tax Department releases FAQs on transition from Income Tax Act 1961 to the proposed 2025 framework, clarifying key changes, compliance requirements, and taxpayer impact.

Income Tax Department releases FAQs on Transition from IT Act 1961 to 2025

Articles

The New Income Tax Act 2025 introduces simpler rules, a new “tax year” concept, tech-driven compliance, and faster return processing to reduce the burden on taxpayers from April 2026.

New Income Tax Rules 2025: Five Key Amendments in Income Tax Act 1961; Effective April 01, 2026

The government is planning to replace the old income tax act 1961 with new income tax act, 2025 from April 1, 2026.

Big Changes In Income Tax Rules From 2026, Know How It Will Impact Taxpayers

Notifications

The Central Board of Direct Taxes notifies bonds issued by IREDA as long-term specified assets under section 54EC of the Income Tax Act 1961 enabling tax exemption on capital gains.

CBDT Notifies Bonds Issued by IREDA as Long Term Specified Assets Under Section 54EC

Judgement

The Gujarat High Court has quashed and set aside the impugned notice under Section 148 of the Income Tax Act 1961.

Income Tax: HC Quashes Section 148 Reassessment Notice Post-IBC Resolution; Holds Tax Dues Extinguished Upon Plan Approval

MSTC Limited has received a Rs.105.55 crore income tax demand notice under Section 156 of Income Tax Act 1961, for the 2019-20 assessment year.

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Income Tax Department releases FAQs on Transition from IT Act 1961 to 2025

New Income Tax Rules 2025: Five Key Amendments in Income Tax Act 1961; Effective April 01, 2026

Big Changes In Income Tax Rules From 2026, Know How It Will Impact Taxpayers

CBDT Notifies Bonds Issued by IREDA as Long Term Specified Assets Under Section 54EC

Income Tax: HC Quashes Section 148 Reassessment Notice Post-IBC Resolution; Holds Tax Dues Extinguished Upon Plan Approval

E-commerce Firm MSTC received Income Tax Demand worth Rs.105.55 Crore