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Wednesday, April 8, 2026
TopicIncome Tax

Topic: Income Tax

‘Sordid vendetta’: SC rebukes Centre, directs removal of RBI Guv from ITAT panel that blocked ex-Armyman

Bench finds reasonable apprehension of bias as Sanjay Malhotra sat on panel that rejected Captain Pramod Kumar Bajaj’s candidature and directs reconsideration within four weeks.

Why retired Army officer reached Gujarat High Court for tax exemption on disability pension

This was after the veteran did not get help from I-T principal commissioner for refunding taxes related to his disability pension between the assessment years 2006-2007 & 2018-2019.

PM Modi announces task force for next-gen reforms in governance. What it will do

In his I-Day speech, PM also spoke about reforms initiated by his govt, saying that in ongoing monsoon session, over 280 provisions were removed from I-T law, making governance simpler.

Modi govt withdraws Income Tax Bill 2025, Sitharaman likely to introduce updated bill next week

New Delhi: The Income Tax Bill, 2025 has been withdrawn and an updated version is likely to be introduced in the Parliament next week. In...

India’s power play at ICC tournament in Pakistan & Indian taxpayers’ strained ties with authorities

International media also reports on the financial revolution brewing among the middle class & the north-south divide over the 2026 delimitation proposal.

Govt’s new income tax bill will require you to share passwords with tax officials during searches

FM Nirmala Sitharaman said draft Bill—tabled in Lok Sabha & sent to Parliamentary Select Committee for review—incorporated “substantial changes” from original Act. Tax rates remain unchanged.

Can income tax relief help BJP clinch Delhi? Anatomy of the middle-class voter demographic

On Saturday, Finance Minister Nirmala Sitharaman announced a hike in the income tax rebate from Rs 7 lakh to Rs 12 lakh.

Budget 2025 corrects misguided tax regime of Nehruvian socialism. Changes India’s destiny

PM Modi takes problems head-on with a multi-year plan and clear outcomes. It requires patience and is often met with opposition from people who prefer shortcuts.

Taxman will still come after you. Expect more scrutiny of your tax returns

Budget 2025 makes it clear the government’s privatisation mission has been buried. It wants to pump money into CPSEs, and receive ever-increasing dividends.

On Camera

Rahul Gandhi wants to jail Himanta Sarma but Congress has a Bihar-sized problem in Assam

The Congress has promised Rs 50,000 assistance to each woman but as we've seen in many recent elections, voters seem to be conscious of the proverb: 'A bird in hand is worth two in the bush.'

Stocks fall, oil prices climb as Trump issues fresh threat to Iran ahead of his deadline

Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.

UAE walks away from financing Rafale F5 due to restricted access to technology, reports French media

French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.

China insulated itself against energy shocks. India is ‘all talk, no walk’

China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.