CBDT issued Guidelines for Compulsory Selection of returns for Complete Scrutiny during the financial year 2026-27 – procedure for compulsory selection in such cases.
ICAI, presents Specific Clause-wise suggestions on Chapter I to XXIII of the Income Tax Bill, 2025. For now, PART-1 containing chapter I to IV and clauses 1 to 95 is being covered.
The Select Committee suggested changes on the Income Tax Bill, 2025. Words and figures underlined indicate the amendments and (**) mark indicates the omission.
CBDT issued Order u/s 119(2)(a) of the Income tax Act, 1961 regarding processing of returns filed u/s 139 of the Income-tax Act, 1961 beyond the prescribed time limit vide F. No.225/205/2024/ITA-II dated 09.06.2025.
Income tax India.gov.in published an FAQs on the amendment to Income tax Act, 1961
The Income Tax Department intends to engage a Managed Service Provider (MSP) to Design, Develop, Implement, Operate and Maintain the PAN 2.0 Project.
Income tax department published income tax return statistics for AY 2023-24 version 1 with an objective to encourage wider use and analysis of Income tax data by Departmental personnel and academicians.
