Stay updated with the latest income-tax news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on income-tax topics.
New Delhi, [India], April 1 (ANI): India's gross GST collections rose to Rs 2,00,064 crore in March 2026, marking an 8.8 per cent increase compared to Rs 1,83,845 crore in March 2025, according to the data released by the finance ministry. On a year-on-year (YoY) basis, the total gross GST revenue for FY26 stood at Rs 22.27 lakh crore, up 8.3 per cent from Rs 20.55 lakh crore in FY25, indicating sustained momentum in tax collections. Also Read | Indian Uber Eats Driver Jitendrakumar Prajapati ...Read More >
Bijapur (Chhattisgarh) [India], April 1 (ANI): Twenty-five Maoist cadres, including 12 women, surrendered before security forces in Chhattisgarh's Bijapur district on March 31, with authorities recovering 7 kg of gold, Rs 2.92 crore in cash, and 93 weapons from their possession. Inspector General (IG) Bastar P. Sunderraj termed the development a significant milestone in anti-Naxal operations, stating that Naxalite activities in the Bastar division have been "almost completely eradicated" under ...Read More >
New Delhi [India], April 1 (ANI): The accused, who was responsible for sending over 1000 hoax messages to several institutions, High Courts, and government offices, had a deep resentment towards the judicial system after his father did not get his share in a land dispute in Karnataka's Mysuru, the Delhi Police sources said. According to the sources, 47-year-old Srinivas Louis, who was arrested on Monday from his rented accommodation in Mysuru, has been sent to a 6-day Delhi Police remand. Also ...Read More >
Kolkata (West Bengal) [India], April 1 (ANI): The Enforcement Directorate (ED) on Wednesday carried out coordinated searches at multiple locations across Kolkata in connection with a case involving criminal syndicate activities linked to an alleged criminal Sona Pappu and his associates. ED's Kolkata unit is conducting raids at eight premises, including residential and commercial properties associated with Sona Pappu alias Biswajit Podder, Babu Sona alias Rahul Das, Sun Group, and Jay Kamdar. ...Read More >
New Delhi [India], April 1 (ANI): Union Parliamentary Affairs Minister Kiren Rijiju on Wednesday accused the Congress and Communist Party of misleading people in Kerala over the Foreign Contribution (Regulation) Amendment Bill, 2026. Amid uproar by Opposition MPs, the Lok Sabha was adjourned till noon. Also Read | New Income Tax Act: Know How Your Take-Home Salary Changes in FY 2026-27. Rijiju said there was "misinformation" around the FCRA Amendment Bill, asserting that it is not against any ...Read More >
New Delhi [India], April 1 (ANI): Senior advocate HS Phoolka is expected to formally join the Bharatiya Janata Party (BJP) on Wednesday afternoon at the party headquarters. Phoolka, a former prominent leader of the Aam Aadmi Party (AAP) in Punjab, joined the party in January 2014 and contested the Ludhiana Lok Sabha seat, losing to Congress's Ravneet Singh Bittu by 19,709 votes. Also Read | New Income Tax Act: Know How Your Take-Home Salary Changes in FY 2026-27. In 2017, he won the Dakha con ...Read More >
Bilaspur (Chhattisgarh) [India], April 1 (ANI): South Eastern Coalfields Limited (SECL) has achieved a significant milestone in FY 2025-26, emerging as the only subsidiary of Coal India Limited to register positive growth across all three key performance parameters--coal production, offtake and overburden removal (OBR). SECL recorded coal production of 176.2 million tonnes, reflecting a growth of 5.26% (8.8 MT) over the previous year. Coal offtake stood at 178.6 million tonnes, registering a gr ...Read More >
Mayurbhanj (Odisha) [India], April 1 (ANI): Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Wednesday extended greetings to the people of Odisha on the occasion of Utkala Divas, highlighting the state's cultural and historical significance. In a post on social media, he said, "Odisha, a vital part of the chariot of India's advancement and progress, is renowned for its rich culture, unique crafts, and glorious history. Heartfelt congratulations to all residents of the state on Utkala Div ...Read More >
Mumbai, April 1: The Income Tax (I-T) Act, 2025, and its accompanying 2026 rules officially come into force on April 1, 2026, marking the start of the 2026-27 financial year. While income tax slabs remain unchanged under both the Old and New regimes, the new legislation introduces substantial revisions to corporate perquisites, tax collection rates, and investment levies. Salaried professionals, particularly those opting for the Old Tax Regime, will see a significant recalibration of tax-exempt ...Read More >
New Delhi [India], April 1: cryptact, Japan's leading crypto tax platform with over 200,000 users since 2017, now serving investors across Japan, Canada, and India, today announced the launch of INR-denominated pricing plans for Indian users, effective April 2026. Also Read | Did Gucci Really Launch $490 Baby Diapers? Here's the Truth Behind the Viral Claim. Since expanding into India in July 2025, cryptact has positioned its initial rollout as a trial period, offering its full suite of crypto ...Read More >
Indore (Madhya Pradesh): Taxpayers must prepare to transition to the new income tax regime under the Income Tax Act, 2025, which aims to be simpler for compliant taxpayers while strengthening action against evasion. The provisions of the new Act will come into effect from April 1. The Free Press explains key provisions of the Act with inputs from senior chartered accountant SN Goyal. Here are 16 key changes that taxpayers and professionals should note: Replaces 1961 Act The new Act replaces t ...Read More >
Mumbai, March 31: Several significant changes to the Permanent Account Number (PAN) system will come into effect from April 1, 2026, impacting both how individuals apply for PAN and how it is used in financial transactions. The updated rules aim to strengthen compliance and reduce discrepancies, while also easing certain requirements for everyday financial activities. One of the biggest changes is in the application process. Aadhaar alone will no longer be sufficient to apply for a PAN card. Ap ...Read More >
New Delhi: State-owned Central Bank of India has received a tax demand notice of Rs 296.08 crore from the Income Tax Department for an alleged shortfall in tax payment for the financial year 2024-25, according to its regulatory filing on Tuesday. The public sector lender said that the notice relates to the assessment year 2024-25 and is linked to an alleged shortfall in tax payment. In the exchange filing, the bank said it received the assessment order dated March 28, 2026, under relevant sect ...Read More >
Beed, Mar 31 (PTI) The authorities in Maharashtra's Beed district have suspended eight teachers of different primary schools run by the Zilla Parishad for allegedly availing government concessions through a false claim of hearing impairment, officials said on Tuesday. These teachers belong to schools located in different parts of the district and the action against them was taken following an inquiry. The action follows a detailed medical reassessment conducted by the Ali Yavar Jung National I ...Read More >
New Delhi, March 31 (SocialNews.XYZ) State-owned Central Bank of India has received a tax demand notice of Rs 296.08 crore from the Income Tax Department for an alleged shortfall in tax payment for the financial year 2024-25, according to its regulatory filing on Tuesday. The public sector lender said that the notice relates to the assessment year 2024-25 and is linked to an alleged shortfall in tax payment. In the exchange filing, the bank said it received the assessment order dated March 28, ...Read More >
New Delhi: The Income Tax department has notified all income tax return forms for the assessment year (AY) 2026-27. While ITR forms 1-4, filed by small and medium taxpayers, were notified on March 30, ITR forms 2, 3, 5, 6 and 7, as well as ITR-U (for filing updated returns), were notified on Tuesday. With the ITR (income tax return) notification, individuals, businesses and other entities can start filing I-T returns for the income earned in the financial year 2025-26. The last date for filin ...Read More >
NEW DELHI: India's tax landscape shifts gears on Tuesday. The Income-tax Act, 2025, which replaces the Income-tax Act, 1961, comes into force from April 1, 2026, alongside a clutch of budgetary measures that will be felt by traders, tourists, technology firms and ordinary taxpayers alike. The new Act is not a reinvention of tax policy so much as a tidying up of it. Gone is the unwieldy distinction between the assessment year and the previous year; in its place comes a single "tax year" framewor ...Read More >
New Delhi: The new Income-tax Act, 2025, set to come into effect from April 1, 2026, marks a comprehensive overhaul of India's six-decade-old tax framework, with a focus on simplifying compliance, enhancing transparency, and rationalising exemptions for salaried taxpayers. While tax slabs and rates remain unchanged, the new regime significantly alters the way income, deductions, and disclosures are reported and verified, shifting emphasis towards more accurate and detailed reporting. Multiple ...Read More >
New Delhi, March 31 (UNI) India will roll out the Income-tax Act, 2025, from April 1, Wednesday, replacing the six-decade-old Income-tax Act, 1961, in a major reform aimed at simplifying the country's tax framework while retaining the existing tax structure. The government has clarified that the new law does not introduce any new taxes or increase the tax burden, but focuses on making the system clearer, more transparent and easier to comply with. The reform is being positioned as a complete s ...Read More >
New Delhi [India], March 31 (ANI): The new Income-tax Act, 2025, set to come into effect from April 1, 2026, marks a comprehensive overhaul of India's six-decade-old tax framework, with a focus on simplifying compliance, enhancing transparency, and rationalising exemptions for salaried taxpayers. While tax slabs and rates remain unchanged, the new regime significantly alters the way income, deductions, and disclosures are reported and verified, shifting emphasis towards more accurate and detail ...Read More >
Chennai: Tamilaga Vettri Kazhagam (TVK) chief C. Joseph Vijay disclosed assets worth Rs 603.20 crore in his election affidavit filed for the upcoming Tamil Nadu Legislative Assembly elections, offering a detailed glimpse into his financial portfolio, which spans luxury vehicles, substantial bank deposits, and high-value real estate holdings. According to the affidavit submitted before the Returning Officer, the 52-year-old actor-turned-politician reported movable assets amounting to Rs 404.58 c ...Read More >
CHENNAI: In his election affidavit for the Tamil Nadu Assembly polls, TVK president Vijay declared total assets worth Rs 603.20 crore that included high-end cars like BMWs and a Toyota Lexus, as well as bank deposits exceeding Rs 213 crore in various accounts. In the affidavit submitted to the Returning Officer, the 52-year-old actor-politician disclosed movable assets valued at Rs 404.58 crore. His immovable assets, which include agricultural land in Kodaikanal and commercial and residential p ...Read More >
Thoothukudi (Tamil Nadu) [India], March 31 (ANI): Ahead of the upcoming Tamil Nadu assembly elections, AIADMK General Secretary Edappadi Palaniswami, on Monday, criticised the DMK government and Chief Minister MK Stalin, calling him a "puppet CM". Addressing a public meeting in Kovilpatti, Thoothukudi, EPS said, "MK Stalin is an incompetent Chief Minister. When journalists ask questions to the Chief Minister, RS Bharathi says he will not answer. What does the Chief Minister even know?" Also Re ...Read More >
New Delhi [India], March 31 (ANI): Prime Minister Narendra Modi on Monday lauded Home Minister Amit Shah's reply in Lok Sabha to the debate on efforts to free the country from Left Wing Extremism and said his government has worked towards uprooting this menace and ensuring the fruits of development reach areas affected by Naxalism. He termed Amit Shah's speech as "outstanding". "This is an outstanding speech by the Home Minister Amit Shahji, filled with important facts, historical context and t ...Read More >
Gangtok (Sikkim) [India], March 31 (ANI): Sikkim Chief Minister Prem Singh Tamang chaired a high-level review meeting at Samman Bhawan on Monday to assess the stock position and distribution of essential commodities across Sikkim, with a focus on ensuring their seamless and uninterrupted availability throughout the state. At the outset, the Secretary of the Food & Civil Supplies Department presented a comprehensive overview of the current LPG stock and the prevailing supply-demand dynamics, whi ...Read More >
New Delhi [India], March 31 (ANI): Union Home Minister Amit Shah on Monday said that days of those who indulge in Naxalite violence are now over and Naxal-free India is one of the biggest successes of the Modi government. Replying to debate in Lok Sabha on efforts to free the country of Left Wing Extremism, he said Naxalism did not spread because of poverty but poverty spread because of Naxalism Also Read | Income Tax Act 2025: Will TDS Rules on Bank Interest Change?. "Root cause of Naxalism ...Read More >
Tiruchirappalli, Tamil Nadu [India], March 31 (ANI): Accompanied by bulls, goats, and roosters, along with traditional drum beats. Jallikattu Rajesh, Naam Tamilar Katchi (NTK) candidate who is contesting from the Thiruverumbur Assembly constituency for the upcoming Tamil Nadu elections, filed his nomination. Earlier, Jallikattu Rajesh began his campaign by participating in the cleaning drive of hyacinth in the Mavadi Kulam lake. Also Read | Income Tax Act 2025: Will TDS Rules on Bank Interest ...Read More >
New Delhi [India], March 30 (ANI): Haryana Chief Minister Nayab Singh Saini chaired a meeting with the officers of the Urban Local Bodies Department on Monday and directed them to identify suitable locations for installing water harvesting systems across the state. He said that waterlogging issues arise at several places during the rainy season, and therefore, concrete arrangements should be made in advance to address the problem, a release said. Also Read | Income Tax Act 2025: Will TDS Rules ...Read More >
Chennai (Tamil Nadu) [India], March 30 (ANI): DMK leader M M Abdulla on Monday expressed confidence that the Dravida Munnetra Kazhagam (DMK) will not face any challenges in the upcoming elections, citing the party's performance over the last five years. Speaking on the issue, Abdulla said the party has delivered effectively on governance and welfare, which would reflect in electoral support. Also Read | Income Tax Act 2025: Will TDS Rules on Bank Interest Change?. "I feel we won't have any pr ...Read More >
Mumbai: The online application registration and acceptance process for the computerized lottery for the sale of 2,640 houses under various housing schemes in Mumbai, organized by the MHADA Mumbai Board, was inaugurated on Monday March 30th through a 'Go Live' ceremony by MHADA's Vice President and Chief Executive Officer, Sanjeev Jaiswal (IAS). Houses across Kannamwar Nagar, Patra Chawl, Borivali These lottery houses are available across various housing projects in Mumbai, including Kannamwar ...Read More >
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