The government informed Parliament that taxpayer-specific details of income tax searches cannot be disclosed due to confidentiality provisions under the Income Tax Act.
The government informed Parliament that mule accounts are increasingly used in cyber frauds. RBI has introduced AI-based tools and stricter monitoring to detect suspicious transactions.
The proposed rules establish a comprehensive conduct framework for CCI employees, including integrity, conflict-of-interest controls, and restrictions on disclosures of confidential information.
The notification grants scientific research approval enabling donors to claim tax deductions under Section 35. It mandates strict compliance with reporting and certification requirements.
The Budget 2026 proposes shifting buyback taxation from dividend to capital gains. Promoters will face an additional tax to prevent tax arbitrage in corporate payout decisions.
The updated TDS provisions reorganize multiple earlier sections into a simplified framework covering salary, resident payments, non-resident payments, and gaming transactions.
The revised FDI policy formally defines “beneficial owner” using anti-money laundering standards, bringing clarity to investment approval requirements for investors linked to neighbouring countries.
The regulator suggests making nomination the default option in single-holder accounts, requiring investors to actively opt out to simplify succession and reduce unclaimed assets.
The new tax law formally embeds faceless assessments into the statute, replacing the earlier scheme-based system and making electronic tax scrutiny the default process.
The Tribunal held that capital gains arising from property transferred to a spouse without consideration must be taxed in the transferor’s hands under Section 64(1)(iv). Reassessment was invalid as the income had already been taxed in the husband’s return.
