Monika Yadav

CBDT chief Ravi Agrawal said the new Income Tax Act, effective April 2026, will create a rule-based, AI-enabled tax ecosystem aimed at reducing disputes, improving certainty and enhancing compliance

Tax experts said the judgment reiterates that refund claims cannot be denied merely because the principal input and output supplies are the same- a ground frequently used by tax authorities

Court rules GST order issued through portal with system-generated reference number remains valid even if physical copy does not carry Document Identification Number

Net direct tax collections grow 9.4% to Rs 19.43 trillion till February 10 in FY26, aided by moderation in refunds, CBDT provisional data shows

The Bombay High Court has stayed recovery proceedings in a ₹170 crore GST dispute against Gateway Terminals over denial of input tax credit on licence fees paid to JNPT

The tax department has proposed a major redesign of 30 high-volume income-tax forms to reduce duplication, simplify compliance and support a data-driven regime under the new law

New rules likely to be notified by March 1st week

The draft norms reduce delegated legislation, with their number proposed to be cut to 333 from 511

E-way bill generation rose to 136.83 million in January, the second-highest monthly level on record, marking a 42.6 per cent year-on-year increase amid stronger goods movement

The proposed safe harbour regime for component warehousing linked to manufacturing may offer multinationals a globally competitive tax outcome and greater certainty on transfer pricing

Draft rules and forms placed in public domain for 15 days as part of preparatory work for implementation of Income-tax Act, 2025 from April 2026

New tax certainty rules for foreign cloud firms aim to prevent disputes on permanent establishment and global income, boosting confidence in India's fast-growing data centre ecosystem

Draft rules and forms under the Income Tax Act, 2025 are set to be released this week, ahead of a phased transition from the 1961 law starting April 1

Budget tax reforms aim to simplify compliance as 86% of individuals shift to the new tax regime ahead of the new Income Tax Act rollout, says Agrawal

CBIC Chairman Vivek Chaturvedi explains the Budget's calibrated customs duty exemptions, SEZ flexibility and tariff reforms amid global trade headwinds

New baggage rules emphasise electronic declarations and advance filings to minimise airport delays

Says IBC amendment Bill will come up in second half of Budget session

Building on last year's clearance of 172K cases, I-T department is pushing for faster appeal disposals, penalty reforms and system-driven processes to curb litigation and boost tax certainty

The framework includes Rs 50,000 fine for furnishing inaccurate information or failing to rectify inaccuracies

Budget 2026 converts MAT into a final levy at 14 per cent, limits MAT credit utilisation, and extends exemptions for non-residents to encourage a shift to the new concessional corporate tax regime