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    SC to begin hearing pleas challenging EC's decision to conduct pan-India SIR on Tuesday
    RSS is recognised as body of individuals, Bhagwat tells critics
    Scores of Buldhana cops get Income Tax department notices for filing improper returns
    Kota consumer court issues notice to Salman Khan for 'misleading' pan masala ads
    ICAI Submits Pre-Budget Suggestions for Union Budget 2026-27, Advocating Prudent Tax Reforms and Sustainable Growth.
    India, Bahrain begin negotiations for comprehensive economic partnership pact
    Why ULIPs Are Gaining Attention as Markets Turn Volatile
    India, Bahrain begin negotiations for ambitious trade deal
    SC mulls pan-India guidelines over inordinate delays in framing of charges in criminal cases
    ITR filing deadline for cos, others with audit report extended till Dec 10
    CBDT extends due date for furnishing Return of Income for the Assessment Year 2025-26 under the Income-tax Act, 1961 (the Act)
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    Preserve culture while embracing progress: Arunachal Dy CM
    EC top brass meets state chief poll officers to discuss pan-India SIR
    SC seeks response of Jharkhand govt, ED on plea for SIT probe against BJP MP
    Extend due date for filing I-T returns for auditable assessees: Gujarat HC to CBDT
    Net direct tax revenue jumps 6 pc to Rs 11.89 lakh cr till Oct 12
    Uttarakhand GST HQ busts tax evasion racket involving joint commissioner-level official
    TCS Q2 net up 1.4 pc on wider margins; reports 20,000 drop in headcount
    TCS headcount drops 20,000 in Q2; NITES alleges co downplaying large-scale layoffs by under-reporting
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November 10, 2025
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Pan India Special Intensive Revision of electoral rolls faces legal challenge over alleged arbitrary removals and procedural fairness.
The pan India Special Intensive Revision (SIR) of electoral rolls is challenged on grounds of alleged arbitrariness and procedural unfairness, with petitioners claiming disproportionate exclusions and the Election Commission defending the accuracy of its Bihar SIR and citing absence of appeals against deletions; the litigation implicates the EC's authority to conduct large scale revisions, standards for review of voter removals, and the adequacy of notice and remedy procedures amid a phased national SIR schedule.
November 9, 2025
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Recognition as body of individuals affirmed, resulting in income tax exemption despite absence of formal registration.
The organisation is characterised as a body of individuals, a legal classification applied by the tax authority and courts which has produced income tax exemption despite lack of formal registration; post independence law does not make registration compulsory and prior governmental bans are cited as reinforcing its recognised status.
November 7, 2025
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Police personnel receiving notices to amend improper income tax returns or face departmental action promptly.
Notices allege systematic filing of improper income tax returns following a tax survey that identified assistance by a serving policeman and collusion with chartered accountants to show bogus deductions; affected personnel on a list of 1,633 entries were directed to file proper and amended income tax returns by a specified deadline or face action by the tax department.
November 5, 2025
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Misleading advertising: consumer forum issues notices over alleged deceptive pan masala promotion and public health claims.
A consumer complaint led the Kota District Consumer Disputes Redressal Commission to issue notices to a celebrity brand ambassador and the pan masala manufacturer alleging misleading advertising that falsely implies costly ingredients in low priced pouches and attracts youth to a product linked to serious health risks; the Commission has sought written responses ahead of the next hearing.
November 4, 2025
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ICAI proposes tax reforms including decriminalisation, E-Ledger credits, TDS rationalisation, and incentives for green projects.
ICAI proposes pre-budget tax reforms to promote ease of doing business and sustainability by recommending decriminalisation of select prosecution provisions, removal of duplicate penalties, limiting return processing to arithmetical errors and prima facie incorrect claims, exclusion of guarantee fees from interest for deduction limits, introduction of a year-wise E-Ledger for TDS/TCS and advance tax credits, rationalised TDS and TAN exemptions for certain non-resident payments, removal of TCS on scrap, exclusions of F&O from presumptive income, optional joint taxation for married couples, mandatory audits for profit-linked deductions, return filing for large agricultural landowners, and statutory clarifications on surcharge, auto-renewal of small trusts, and time limits for advance rulings.
November 3, 2025
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India and Bahrain commence negotiations for a comprehensive economic partnership, double taxation avoidance and bilateral investment treaty to boost trade.
India and Bahrain have commenced negotiations for a Comprehensive Economic Partnership Agreement, agreed to develop a common understanding to begin talks on a Double Taxation Avoidance Agreement, and welcomed progress toward a bilateral investment treaty and a joint working group on trade and investment to promote trade diversification and sovereign wealth fund investment.
November 3, 2025
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ULIPs combine life cover with market linked investments, allowing fund switching, riders, and tax conditioned benefits for long term goals.
ULIPs combine a life insurance component and an investment component, allocating each premium between a death benefit and market linked funds (equity, debt, cash, or hybrid). Policyholders may switch allocations to manage risk, use optional riders, and deploy features such as flexi pay and partial post lock in withdrawals for lifecycle goals. Commercial terms include premium discounts and wellness rewards; underwriting, acceptance, tax conditions and possible surrender value reductions on early termination determine final eligibility and benefits.
November 3, 2025
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Bilateral trade negotiations aim to commence DTAA and CEPA talks to boost trade and investment.
Commencement of talks is planned to negotiate a Double Taxation Avoidance Agreement to eliminate double taxation and provide tax certainty, alongside initiation of Comprehensive Economic Partnership Agreement negotiations and continued progress toward a bilateral investment treaty, supported by a joint working group on trade and investment to promote increased two way trade and investment.
October 29, 2025
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Delay in framing criminal charges prompts call for pan-India guidelines to curb trial backlogs and ensure timely trials.
The Supreme Court identified non-framing of charges after filing of chargesheets as a major cause of trial delay and proposed issuing pan-India guidelines to ensure timely commencement of trials; it sought assistance from senior law officers, appointed an amicus curiae and a former judge, and noted existing statutory expectations that charges in sessions trials be framed within a short period from first hearing.
October 29, 2025
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ITR filing deadline extended for taxpayers with audit obligations, with audited report submission also extended as administrative relief.
The tax administration extended the due date for furnishing Return of Income for taxpayers required to obtain audited accounts to 10 December, and further extended the deadline for furnishing audited reports to 10 November, providing administrative relief to companies, proprietorships and partnership firms after representations citing disruptions from floods and natural calamities.
October 29, 2025
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CBDT extends due dates for income-tax return and audit report filings to December and November 2025.
The Central Board of Direct Taxes has extended the due date for furnishing the Return of Income under section 139(1) for the class of assessees in clause (a) of Explanation 2 to 10 December 2025, and has further extended the specified date for furnishing the report of audit for the previous year 2024 25 for those assessees to 10 November 2025; a formal order/notification will be issued separately.
October 28, 2025
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Tax policy consultation solicits industry proposals for direct and indirect tax changes, requiring economic justification and supporting data.
Solicitation of industry proposals for direct and indirect tax changes for the Union Budget requiring economic justification, year-wise import and domestic production statistics, quantified revenue implications, and value-addition support for inverted duty structure corrections; GST matters excluded. Customs and Central Excise requests must state existing and requested duties in prescribed format. The Government indicates a medium-term approach to phase out tax incentives and rationalise direct tax rates, and seeks suggestions that reduce compliance, improve tax certainty, quantify positive externalities, and limit litigation, with specified submission channels and detailed annexural data fields.
October 25, 2025
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Preserving indigenous Tagin culture through documentation, translation, institutional collaboration, and intergenerational transmission.
Preservation of Tagin cultural heritage centers on documenting oral traditions, translating priestly chants into accessible language for younger generations, and ensuring inter generational transmission of rituals, folklore, and indigenous knowledge. Institutional mechanisms include the Tagin Cultural Society's secretariat cum heritage centre and collaboration with the Vivekananda Kendra Institute of Culture to combine cultural practice with scholarly research for documentation and dissemination, alongside encouragement of local support for hydropower projects as part of regional development.
October 22, 2025
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Special Intensive Revision of electoral rolls to remove illegal foreign migrants, with phased state rollout and CEO readiness.
Special Intensive Revision (SIR) will be rolled out in phases to clean electoral rolls by verifying place of birth and removing presumed foreign illegal migrants. The EC will prioritise states with upcoming assembly elections and omit states holding local body polls; the last SIR in each state will serve as the cut off baseline. State Chief Electoral Officers are required to prepare and publish post SIR electoral rolls and be ready to implement the revisions within EC directed timelines.
October 14, 2025
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SIT probe sought into alleged disproportionate assets and benami holdings amid claims of investigative delay and agency admissions.
The petition seeks a court monitored SIT led by a retired judge with officers from the CBI, ED, Income Tax Department and state police to investigate alleged disproportionate assets and benami properties, asserting agencies admitted discovery of such assets but prosecutions and reassessments are not progressing; agencies counter that investigations and tax proceedings are underway, challenge maintainability and note prior high court dismissals, and object to the MP not being impleaded, prompting directions for responses from state and central agencies.
October 14, 2025
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Income tax: due date for filing returns by auditable assessees extended to November 30, 2025.
Gujarat High Court directed the CBDT to issue a circular extending the due date for filing income-tax returns from October 31 to November 30, 2025 for assessees required to furnish tax audit reports, on the basis that a statutory one-month gap must be maintained between the specified date for audit report submission and the return filing due date.
October 13, 2025
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Direct tax collection grows year-on-year after higher corporate receipts and slower refunds, supporting fiscal revenue plans.
Net direct tax collection rose year on year by 6.33 per cent to about Rs 11.89 lakh crore through October 12, driven by stronger corporate tax receipts and slower refund issuances, while gross direct tax receipts showed more modest growth and Securities Transaction Tax collections increased slightly.
October 12, 2025
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GST evasion in Kumaon uncovers collusion with joint commissioner-level official; goods seized, vehicle detained, penalty imposed.
Coordinated raids by the state GST headquarters uncovered transporters bringing goods into Kumaon without proper documentation, resulting in seizure of goods and a vehicle. Investigations found over Rs 20 lakh of goods evaded tax and assessed penalties of about Rs 25 lakh under the GST Act. Alleged collusion by a joint commissioner-level official to obstruct enforcement is under separate investigation and may prompt departmental action.
October 9, 2025
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TCS reports Q2 profit rise, 20,000 headcount reduction, major AI data centre investment and acquisition of ListEngage, plus interim dividend.
Regulatory filing discloses quarterly financial results, a Rs 1,135 crore severance charge and a 20,000 headcount reduction, with the 25.2% operating margin stated excluding severance. It announces incorporation of a wholly owned subsidiary to establish AI and sovereign data centres, a plan for a 1 GW AI data centre in India with over USD 6.5 billion investment and potential equity partners, acquisition of a US firm for USD 72.8 million, and declaration of a second interim dividend with specified record and payment dates.
October 9, 2025
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Underreporting of layoffs alleged as union claims additional unreported departures may mislead regulators and stakeholders.
TCS reported a quarterly headcount reduction of 19,755 employees, attributing exits to a combination of voluntary and involuntary attrition and recording a severance charge, while announcing support measures for impacted mid and senior staff. NITES alleges that the company under reported the scale of retrenchments, claiming additional unaccounted departures and asserting that management driven releases, rather than voluntary attrition, account for the discrepancy and may mislead regulators and the public.

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