Refunds Drop 16% as Government Tightens Scrutiny to Curb Fake Claims India’s income tax refunds have dropped sharply this year as the government introduces new fraud-detection measures to curb fake or inflated refund claims. According to official data, refunds issued between April and October 2025 fell …
The Income Tax Department is preparing a drive to urge landowners who entered into joint development agreements (JDAs) but did not pay capital gains tax to settle their dues voluntarily. Sources revealed that in Kolkata and Bengaluru alone, around 25,000 to 30,000 such entities have been …
The Income Tax Department has released an updated version (v1.1) of its Excel-based ITR-3 utility on July 24, 2025, aimed at providing a smoother and more accurate return filing experience for Assessment Year (AY) 2025-26. The ITR-3 form is applicable to individuals and Hindu Undivided Families …
The Income Tax Department, Shimla, in a concerted move to enhance tax compliance and raise awareness on advance tax obligations, organized a comprehensive outreach programme aimed at educating key stakeholders on the provisions and benefits of advance tax under the Income Tax Act, 1961. The event witnessed participation from a …
The Income Tax Department has updated the PAN registration process on its official portal, making Aadhaar-based OTP verification mandatory for all individuals registering their Permanent Account Number (PAN) online. As per the new process, users must ensure their Aadhaar is linked with a valid mobile number to receive the One-Time Password (OTP) …
Finance Minister Nirmala Sitharaman, in a significant push towards improving taxpayer experience and bolstering revenue administration, is scheduled to hold a series of high-level review meetings with top officials from the CBIC, CBDT and Customs Departments between June 19 and June 30. According to sources, the …
In a major push to expedite tax dispute resolution and unlock substantial revenue, the Income Tax Department has set a bold target of disposing over 200,000 appeals in FY26. These cases, currently pending at the Commissioner of Income Tax (Appeals) level, involve a cumulative disputed amount …
The Income Tax Department is rapidly upgrading its surveillance and compliance ecosystem, powered by Artificial Intelligence (AI) and advanced data analytics. According to leading tax experts, the department’s intensified focus on high-value transactions and digital footprints marks a significant shift in India’s tax administration strategy. Tax …
In a significant move to streamline the income tax return (ITR) rectification process, the Income Tax Department has enabled taxpayers to file rectification applications before an Assessing Officer (AO) for up to Assessment Year (AY) 2023-24 (Financial Year 2022-23) through the e-filing portal. This feature, introduced …
The Investigation Wing of the Income Tax Department has uncovered a large-scale tax fraud during simultaneous surprise raids conducted across Tamil Nadu, including the four southern districts. The enforcement action has exposed thousands of employees from Public Sector Undertakings (PSUs) and corporate firms who fraudulently claimed …
