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CBDT issued notification no. 116/2026 dated 25.08.2026 to hereby exempt u/s 10(46A) of the Income tax Act, 1961 specified income of certain bodies or authorities or Boards or Trusts or Commissions, not being a company as may be notified by the Central Government in the Official Gazette
E-commerce firm Meesho has logged a more than threefold jump in its tax disputes to Rs 2,071.8 crore in the financial year 2025-26, the company said in its annual report.
Q1 FY 2026-27 TDS revised return is getting rejected immediately upon upload, despite successful submission/e-verification.
I request the views of tax professionals and TDS experts on the following issue under the Income-tax Act, 2025, regarding reporting in Form 140.
CBDT issued notification no. 115/2026 dated 21.08.2026 to hereby approves deduction under section 45(3)(a)(i) of the Income tax Act, 2025 to the International Institute of Bio Technology and Toxicology , Tamil Nadu for Scientific Research
Improving taxpayer services, reducing litigation, strengthening infrastructure and preparing an actionable roadmap for the Income Tax Department’s future functioning were among key issues discussed at a two-day conclave of senior IT department officials that concluded here on Tuesday.
Top Tax Officials Deliberate on Key Issues Concerning the Income Tax Department at Conclave
Based on ground intelligence and analysis of data on outward foreign remittances, the Income Tax Department has identified several suspicious entities that remitted large amounts of foreign exchange over the last three years.
Income tax issued FAQs on the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026.
Central Board of Direct Taxes (CBDT) issued notification no. 114/2026 dated 14.08.2026 to hereby make the following rules –