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CBDT updates prosecution guidelines under the Black Money Act, 2015, exempting non-immovable foreign assets up to Rs. 20 lakh from penalties and prosecution.

Black Money Act: No penalty/ prosecution for minor-value foreign assets

The Central Board of Direct Taxes (CBDT) notifies amendments to Form 10CCF to clarify income reporting for IFSC insurance offices.

CBDT Clarifies “Gross Income” for IFSC Insurance Units under Section 80LA

Articles

Voluntarily filing ITR can help students and job seekers in actively manage their financial future and can secure a stronger position for their future goals.

Why Students and Unemployed Should Start Filing ITR: Know Hidden Benefits of Filing ITR, Even If You Don’t Earn

CBDT has increased the tax-free perquisite limits for salaried employees and overseas medical treatment. Know how these increments have benefited salaried employees.

Good News! Tax-Free Perquisite Limits for Salaried Employees Substantially Increased

With the presidential assent, the Income Tax Bill 2025 has officially become the Income Tax Act, 2025.

Income Tax Bill 2025 Receives President's Assent; Now Its Income Tax Act 2025

GCCI requests an extension of ITR and tax audit deadlines for AY 2025-26 due to delayed release of filing utilities and practical challenges faced by taxpayers.

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Black Money Act: No penalty/ prosecution for minor-value foreign assets

CBDT Clarifies “Gross Income” for IFSC Insurance Units under Section 80LA

Why Students and Unemployed Should Start Filing ITR: Know Hidden Benefits of Filing ITR, Even If You Don’t Earn

Good News! Tax-Free Perquisite Limits for Salaried Employees Substantially Increased

Income Tax Bill 2025 Receives President's Assent; Now Its Income Tax Act 2025

GCCI Urges Further Extension of ITR and Tax Audit Deadlines for AY 2025-26 Amid Delay in Utility Releases