Latest Income Tax Department News & Updates

Patna, Jan 1 (IANS) Patna Police have arrested two men who posed as police personnel and robbed a man of Rs 22.5 lakh in the Patna Junction police station area. So far, the police have recovered Rs 19 lakh, while Rs 3.5 lakh is still missing.The incident occurred late on the night of December 29 and 30.According to the victim, two youths approached him, claiming to be police officers.Both were wearing khaki jackets, which led the victim to believe they were genuine policemen.The accused, identif…

New Delhi, Dec 24 (IANS) The deadline to link Permanent Account Number (PAN) with Aadhaar is December 31, and failure to do so may result in the PAN becoming inactive after this date.Taxpayers who have not completed the linking process are advised to act promptly to avoid financial and compliance-related difficulties.According to a notification issued by the Income Tax Department on April 3, 2025, individuals who were allotted a PAN on or after October 1, 2024, are required to link their PAN wit…

New Delhi, Dec 23 (IANS) The Central Board of Direct Taxes (CBDT) has launched a “Nudge” campaign for the 2025–26 assessment year on Tuesday, asking taxpayers to voluntarily review and correct deduction or exemption claims identified as potentially ineligible through the Income Tax Department’s advanced data analytics. Some of these claims, which have been filed in the income tax returns (ITRs), involve cases of bogus donations to Registered Unrecognised Political Parties (RUPPs), accord…