Delhi HC Asks Centre to Decide on GST Exemption for Adult Diapers
Delhi High Court has ordered the Centre to decide within six months on a plea seeking GST exemption for adult diapers, citing discrimination compared to sanitary pads.
Category : GST & Taxation
Punjab GST Fraud: Businessman Arrested in Rs 9 Crore Scam
A Ludhiana businessman was arrested for a Rs 9 crore GST fraud involving fake invoices, while a tax inspector was dismissed for unauthorized absence in Punjab's crackdown on tax evasion.
CBIC EMI Scheme Launch by March 1, Draft Framework Soon
The CBIC will introduce the Eligible Manufacturer-Importer scheme by March 1, with a draft framework for stakeholder consultation expected within days. The scheme offers two-year benefits to non-AEO manufacturers to encourage AEO certification.
PAN Rules Change for Vehicle Purchases in Draft Tax Rules
New draft income tax rules propose a significant change to PAN requirements for vehicle purchases. Currently mandatory for all vehicles, PAN will now only be needed for purchases exceeding Rs 5 lakh, including high-end bikes.
Jalandhar GST Raids: Rs 130.5 Crore Evasion in Fake Firms
Central GST Commissionerate in Jalandhar conducted searches, seizing evidence from 23 dummy firms with Rs 1,000 crore taxable value and Rs 130.5 crore GST evasion. Main accused Jaswinder Mahi arrested.
Chennai GST Commissioner Suspended for Bribery, CBI Probe Ordered
The Central Board of Indirect Taxes and Customs suspends Chennai South CGST Commissioner P Manikkavel on charges of demanding illegal gratification from taxpayers. The case has been referred to the CBI for investigation.
Hyderabad Tax Officials Uncover Rs 32 Crore GST Fraud
Commercial taxes department officials in Hyderabad exposed a fake invoicing racket worth Rs 32 crore after intercepting a cargo van during a routine check, leading to a police case against Suman Enterprises.
CAG Report Spurs Tax on Military Disability Pensions
A recent CAG report has led to tax notices for disabled military personnel, sparking debate over fairness and policy implications for veterans.
India's Net Direct Tax Collections Rise 9.4% to ₹19.43 Trillion
India's net direct tax collections reached ₹19.43 trillion, up 9.4% year-on-year, achieving over 80% of the revised FY26 target. Corporate tax grew 14.5%, while personal income tax increased 5.9%.
Bengaluru in 50% HRA Tax Exemption Draft Rules
Bengaluru has been added to the list of cities eligible for a 50% HRA tax exemption in draft Income Tax rules, joining Hyderabad and Pune, pending final approval.
Bengaluru Gets 50% HRA Tax Exemption in Draft I-T Rules
Bengaluru's workforce is set for significant tax savings as draft Income Tax Rules propose 50% HRA exemption, placing the city alongside Delhi, Mumbai, Kolkata, and Chennai.
Bengaluru Gets 50% HRA Tax Exemption in New Income Tax Draft Rules
Bengaluru's salaried workforce is set for significant tax savings as draft Income Tax Rules propose 50% HRA exemption, placing the city alongside Delhi, Mumbai, Kolkata, and Chennai.
Income Tax Raids on VIP-Linked Panorama Group in Bihar
The Income Tax Department conducted extensive simultaneous raids at multiple locations linked to the Panorama Group and its CMD Sanjeev Mishra in Purnia and Supaul districts of Bihar. Over 20 officials scrutinized financial records and properties in a maj
New Income Tax Rules 2026: PAN Thresholds Hiked, Crypto Reporting Mandated
The government's draft Income Tax Rules 2026 propose significant increases in PAN quoting thresholds for vehicle purchases, cash transactions, property deals, and hotel bills, while mandating crypto exchange reporting and including CBDC as electronic paym
Old Rules for IT Returns in 2026-27, July 31 Deadline for Many
Income tax returns for the assessment year 2026-27 will follow existing regulations, with deadlines set for July 31, 2026 for ITR-1 and ITR-2 filers, and August 31 for ITR-3 and ITR-4.
New Income Tax Rules Simplify Filing, Raise PAN Limits
India's draft income tax rules propose simplified forms for seniors, higher PAN thresholds, mandatory crypto reporting, and CBDC inclusion, aiming to reduce compliance burden.
New I-T Rules: PAN Limit Up, Meal Allowance Hiked
The draft Income-tax Rules 2026 propose raising the PAN threshold for bank deposits to ₹2 lakh and increasing tax-exempt meal limits. Rules aim to simplify filing and reflect current economic realities.
Draft Tax Rules: Higher PAN Thresholds, Crypto Reporting Norms
The Central Board of Direct Taxes has released draft income tax rules proposing to raise the PAN threshold for cash transactions and introduce new reporting requirements for crypto assets, effective from 2026.
New Income Tax Act 2025 Draft Rules Released for Feedback
The Income Tax Department has issued draft rules and forms under the new Income Tax Act, 2025, aiming to simplify provisions and reduce compliance burdens. Stakeholders can submit feedback until February 22, 2026.
CBDT Draft Income Tax Rules Open for Public Feedback
The Central Board of Direct Taxes has released draft income tax rules and forms for public consultation until February 22, 2026, ahead of implementing the new Income Tax Act 2025 from April 1, 2026.
Draft Income Tax Rules 2026 to be Notified in March by CBDT
The Income Tax Department will notify draft Income Tax Rules 2026 in early March, aligning with the new Income Tax Act 2025 effective April 2026. The rules feature simplified forms and language to ease taxpayer compliance.
Budget 2026-27: Youth-Driven Tax Reforms and Simplified Compliance
Union Finance Minister Nirmala Sitharaman's Budget 2026-27 emphasizes youth empowerment and administrative simplification, with no changes to income tax slabs but key reforms like the new Income Tax Act 2025 and extended filing deadlines.
Rs 5,000 Crore Gaming-Fintech Syndicate Uncovered by DGGI
The Directorate General of GST Intelligence has exposed a massive illegal gaming-fintech network worth over Rs 5,000 crore operating through online platforms, shell companies, and fintech firms in Hyderabad.
Telangana Tax Collections Up 3% After GST 2.0 Implementation
Telangana's commercial tax revenue grew by 3% to ₹64,914 crore from April 2025 to January 2026, driven by GST and VAT increases, with liquor tax surging 8%.
CBDT: No Sunset Date for Old Tax Regime, 95% Refunds Done
CBDT Chairman Ravi Agrawal states there is no sunset date for the old tax regime, with 95% of tax refunds disbursed. He discusses budget proposals, tax base widening, and STT hike impacts.
Income Tax Act 2025 Aims to Simplify Compliance, Modernize Structure
Supreme Court Justice R Mahadevan announced the Income Tax Act 2025 will replace the 1961 Act from April 1, focusing on simplification, modernization, and global alignment. The seminar also addressed AI risks in tax advocacy.
Indore Tax Body Demands Additional GST Tribunal Bench
The Madhya Pradesh Tax Consultant Association has formally requested a new GST Appellate Tribunal bench in Indore, citing high litigation volume, taxpayer convenience, and the city's economic prominence.
Draft Income Tax Rules Aim to Simplify Filing, Ease Compliance
The Income Tax Department has released draft rules to simplify tax filing, reduce disputes, and enhance compliance. The rules, effective from April 1, feature faceless assessments and public feedback until February 22.
I-T Dept Releases Draft Rules for New Income Tax Act
The Income Tax Department has published draft rules and forms for the new tax regime, inviting public feedback until July 29. This move aims to streamline compliance and implement recent legislative changes.
Tax Raid on Muzaffarpur Cloth Showroom, Holi Stock Sealed
A special sales tax department team conducted a major raid on a cloth showroom in Muzaffarpur's Motijheel area, targeting suspected tax evasion involving unbilled Holi stock. The showroom was sealed, and officials are examining all financial records.
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