News

The Income Tax Department will release the new, simplified ITR forms by January 2026 to give everyone enough preparation time.

New ITR Forms to Be Released Early for FY 2025-26: What Taxpayers Should Know

Income Tax Tribunal finds Chartered Accountant’s DCF valuation unsupportive and unrealistic; NAV-based valuation adopted by AO sustained

CBDT has notified the Capital Gains Accounts (Second Amendment) Scheme, 2025, adding Section 54GA to the existing provisions of the 1988 scheme.

Court denies special oil-sector deductions and upholds reassessment since the issue was never examined in original scrutiny

CBDT released an updated operational handbook to assist officers in planning, conducting, and supervising search and seizure actions.

The Income Tax Department is doing a detailed analysis of the fake deductions claimed in some cases, which may delay the release of refunds.