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Tuesday, December 9, 2025
TopicIncome Tax Act

Topic: Income Tax Act

Niti Aayog recommends fully decriminalising 12 offences under new I-T Act to ‘foster more trust’

Recommendations appear in Niti Aayog’s Tax Policy Working Paper Series–II. It says there is a need to shift away from fear-based enforcement to trust-based governance.

Stock-in trade cannot be seized from bank lockers. I-T dept pulled up for seizure of company jewellery

The Punjab & Haryana High Court called the physical withholding of the jewellery belonging to Dillano Luxurious Jewels by the tax authorities "wholly unwarranted".

Do you need a certificate from income tax department to leave the country? Only in certain cases

Rules will apply only to people involved in serious financial irregularities, or those with significant income tax dues pending, according to a change proposed by govt last week.

‘Unaccounted transactions, concrete evidence’ — HC dismisses Congress challenge to IT reassessment

Congress had filed 3 writ petitions challenging Income Tax dept claim that material on record is sufficient to show ‘escaped’ income of party is upwards of Rs 520 crore.

Modi government crypto tax aims to maximise state revenue, deter low-income investors

The Budget gave a crypto tax scheme to meet several policy goals. But here are the loopholes that you're missing.

12-hour tax ‘survey’ at Newslaundry, Newsclick offices, portals say ‘personal data’ seized

Newslaundry CEO Abhinandan Sekhri said an I-T team downloaded data from his personal mobile phone, laptop. Newsclick says not the first time it was targeted by agencies.

Realty tax sop is unlikely to make a dent in metro cities due to caps

Modi govt has raised the differential between circle rate and agreement value of residential properties to 20%. But the sop is limited in scope, say developers.

‘Non-intrusive way’ to catch tax evaders — ministry on move to scan school fee, other payments

I-T dept will analyse expenditure patterns through collected data to look for evasion. But honest taxpayers won’t be impacted, stresses the government.

Manmohan, Sonia, Chidambaram, Sibal, all opposed retrospective tax: Pranab Mukherjee

What foreign investors need is certainty in tax laws and not a tax-free environment, the former President and finance minister argues to justify his controversial tax decision.

On Camera

Farrhana Bhatt on Bigg Boss 19 reopened Kashmir’s representation wound

Farrhana Bhatt’s presence on Bigg Boss 19 can’t redefine Kashmir. But it can remind the Valley that Kashmiris deserve to be seen in their full human range—not squeezed into specific categories.

Niti Aayog CEO has a message for power stakeholders. Buckle up for surge to feed EVs, data centres

Clean energy is “no longer the sideshow, it is the show”, BVR Subrahmanyam told the Odisha summit, warning India to lead the global shift or risk others’ tech dominance.

India looks to Oman for spare parts to keep its fleet of Jaguars flying

India is now the only country still operating the Jaguar, long retired by its original users, France in 2005 and the UK in 2007, and secondary operators like Oman, Nigeria and Ecuador.

Asim Munir & Pakistan’s Failed Marshal Doctrine

None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.