Property owner inherits mothers land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh fro
Taxman adds Rs 55.2 lakh over joint Rs 80 lakh property; ITAT grants relief
A man bought a residential property jointly with his wife and his father. The Income Tax Department reopened his assessm
Living abroad does not automatically make you a non-resident for Indian tax purposes. Residency depends on the number of
CBDT nudges 12,000 tax professionals to file audit reports by October 21
Under its SAKSHAM NUDGE initiative, the Income Tax Department has contacted professionals who have filed fewer than half
Fruit farmer faced tax notice over large cash deposits in bank; what ITAT said
A farmer from Bengaluru faced a tax notice regarding unexplained cash deposits into his bank account. He was able to pre
How much pure silver and gold jewellery can you have in your home without getting into trouble with the Income Tax autho
Senior citizen sent income tax notice for Rs 65.27 lakh unexplained cash deposit, which was later proved to be pension a
The Income Tax dept is scrutinising records at the Badshahpur tehsil office in Gurugram after it found the same PAN was
UK will not raise capital gains tax to same level as income tax, FT reports
British finance minister John Healey will not raise capital gains tax to the same level as income tax, the FT reported o
South Korean employer paid him salary in dollars; tax department sends notice
A Karnataka man working in South Korea faced an income tax notice over his salary deposited in an NRE account in India.
Income Tax Form 161 revised: Taxpayers must pay up to 120% additional tax for penalty waiver
CBDT revises Form 161 for penalty waiver, requiring detailed tax disclosures, payment proof and additional tax of 100 pe
A property seller facing a 90.09 lakh income tax penalty after failing to file an ITR has received another chance to app
He gave land given for road, sold TDRs for Rs 6.02 crore; ITAT taxes capital gains
The landowner chose to sell the TDRs he had received for surrendering 2,839 square metres of land. He sold them to a bui
Restaurants face income tax scrutiny as suspected tax evasion tops Rs 25,000 crore
The income tax department in India has identified significant tax evasion by thousands of restaurants. Approximately 8,0
Indian residents earning income abroad may need a Tax Residency Certificate to claim benefits under tax treaties. The In
Bihar CM inspects construction work of Patna Metro at Nehru Path; two foot-overbridges to be built
Digital Desk | Patna, Oct 11 (IANS) Bihar Chief Minister Samrat Choudhary on Sunday conducted an on-site inspection of t
No compromise on safety, public convenience: Bihar CM sets 2028 deadline for Patna Metro completion
Bihar Chief Minister Samrat Choudhary on Sunday inspected the ongoing construction work of the Patna Metro Rail project
Who pays tax on bank FD interest after a parents death? Understand income tax rules for inherited fixed deposits, intere
Rs 10L investment, different explanations: why ITAT deleted tax addition & penalty
The dispute arose after the income tax department received information about an investment of Rs 11.25 lakh made by a ma
The Delhi ITAT deleted a 20.45 lakh addition for unexplained family jewellery, ruling that CBDTs seizure guidelines cann
EPFO PF Withdrawal Rules 2026: Is Form 121 Required Before 5 Years? Check TDS Rules and Eligibility
EPFO PF Withdrawal Rules 2026: Employees planning to withdraw money from their Employees' Provident Fund (EPF) accounts
Man faces Rs 17.18 lakh tax penalty over Rs 55.62 lakh unexplained deposits; ITAT gives relief
A man had not filed an income tax return for assessment year 2016-17. The tax department subsequently completed a reasse
For giving up 2,839 sq. metres of land, BBMP gives landowner TDRs which landowner sells to builder for Rs 6 crore; Incom
Media Chairman Arrested In Rs 168 Cr Money Laundering Case
The Enforcement Directorate has arrested Rakesh Kumar Gupta, Chairman of Sadhna Group, in a money laundering case linked
Jammu Kashmir Police Warn Against Fake Income Tax Refund Messages Circulated on WhatsApp
SRINAGAR: Jammu and Kashmir Police have cautioned people against fraudulent WhatsApp messages claiming that income tax r
The CBDT has revised Income Tax Form 161 through a notification dated 8 October. The amendment updates the rules governi
An Income Tax department survey in Gurgaon's Badshahpur tehsil unraveled that a single fictitious Permanent Account Numb
66 lakh tax penalty over sons 1.1 crore flat: How senior citizen won ITAT relief
A senior citizen in Navi Mumbai faced a 2.20 crore tax addition after the Income Tax Department treated two documents fo
Rs 2 cr deposit, no ITR, Rs 2.51 cr addition; ITAT quashes case due to 5 day delay
The Income Tax Appellate Tribunal (ITAT), Chennai, has quashed a reassessment involving Rs 2.51 crore additionals after
For Americans earning money while living and working abroad, one of the biggest 2026 tax changes is the higher foreign e
Income Tax Dept. appeals against tax relief favouring Dr Lal PathLabs; stock falls 2.4%
The tax dispute follows an assessment order in April 2024 and an appellate ruling in July 2026 favouring the company
Rs 1.5 Crore Cash Seized From Car In Hansi
Police in Hansi district recovered over Rs 1.5 crore in cash from a car during a checking operation. Three occupants of
Digital Desk | New Delhi/Bengaluru, Oct 8 (IANS) Karnataka Chief Minister D.K. Shivakumar on Thursday said he had receiv
Youth Congress blockades Income Tax office in Keralams Kollam demanding Gyanesh Kumars removal
Inaugurating the protest, Youth Congress State vice-president Vishnu Sunil Pandalam alleged that instead of ensuring tra
HM Kharge accuses Centre of using central agencies, sting ops to destabilise Karnataka govt
HM Kharge accuses Centre of using central agencies, sting ops to destabilise Karnataka govt Bengaluru: Karnataka Home Mi
Digital Desk | Koppal (Karnataka), Oct 8 (IANS) Karnataka Deputy Chief Minister, G. Parameshwara, on Thursday said the p
The 2026 FSA limit is going up to $3,400. That's $100 more than the 2025 limit. For workers who expect regular medical e
Man deposits Rs 85.3 lakh given to him as cash gifts, gets notice; ITAT gives relief
In one such case in Chennai, a man received cash gifts of Rs 85.03 lakh from his relatives. The Income Tax Department be
Centre plans faceless CGST scheme in 3-4 months, seeks to cut taxpayer-officer interface
The Centre plans to launch a pilot faceless scheme under the Central Goods and Services Tax. The aim of the scheme is to
Woman declares Rs 67.4L ancestral jewellery in ITR; gets notice, she wins in ITAT
The assessment threw up two separate issues. The first concerned jewellery worth Rs 67,39,949 that the woman had disclos
Bollywood actor Rakul Preet Singh took to social media on Monday to issue a strong clarification, shutting down unverifi
Rakul Preet Singh breaks silence on IT raid reports, clarifies, The search was not pertaining to me
Digital Desk | Mumbai, Oct 5 (IANS) Bollywood actress Rakul Preet Singh has addressed reports that linked her name to re
Irish company tax ruling offers capital gains relief hope to foreign investors
In a noteworthy decision, the Income Tax Appellate Tribunal has exempted Fireeye, an Irish company, from capital gains t
How landlord won tax relief on Rs 14.96 lakh demonetisation cash deposit
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) recently held that rental income already disclosed to th
Ignoring a tax notice proved costly for a woman; Rs 1.5 crore in tax was added.
A woman's failure to respond to multiple income tax notices proved so costly that the department added 1.5 crore rupees
Bengal Minister seeks Mamata Banerjees arrest over ED claims in Indranil Sen probe
Digital Desk | Kolkata, Oct 2 (IANS) A political controversy erupted in West Bengal on Friday after Labour Minister Arju
Watch: Tax lessons in Class 9: NCERT introduces new regime in textbook
For the first time, Class 9 students will learn to calculate income tax under the new tax regime. The new NCERT textbook
'No mention of old tax regime': In a first, NCERT adds chapter on income tax in Class 9 curriculum
In a first, the National Council of Educational Research and Training, NCERT has added a chapter on income tax in Class
In a first, personal income tax part of Class 9 curriculum, NCERT book talks only about new regime
The book titled Understanding Society India and Beyond-Part 2 was released on Tuesday, six months after the new academic
In a first, personal income tax part of Class 9 curriculum
New Delhi: The NCERT has made personal income tax a part of Class 9 curriculum with a civic message about paying taxes h
MTNL Board Approves Sale of Pawai Property to Income Tax Department for
MTNLs board has approved the sale of its Pawai property to the Income Tax Department for 891.53 crore, as part of asset
Senior citizen wrongly paid tax on Rs 25.42L interest; ITAT orders Rs 9.91L refund
Each year, the senior citizen reported the interest earned from his investments in tax-free bonds under the exempt incom
Vashu Bhagnani Hospitalised in London Amid Tax Probe
His hospitalisation comes after the Mumbai Income Tax Department conducted extensive searches at 12 locations linked to
From LPG to UPI rules: Key changes to take effect from October 1
Digital Desk | New Delhi, Sep 30 (IANS) As we approach October, several changes affecting banking, taxes, savings and ho
Vashu Bhagnani hospitalised in London amid Income Tax probe into alleged film fund irregularities
Vashu Bhagnani, veteran film producer, has reportedly been hospitalised in London. However, the reason for his hospitali
Hefty checks, fake political parties: How scamsters pulled a Rs 700 crore tax fraud in Gujarat
Gujarat CID (Crime)'s Economic Offences Wing (EOW) has registered four FIRs following complaints from the Income Tax Dep
ITR filing date extended, big relief for businessmen
The deadline for filing income tax returns has recently been extended once again. Businesses and audit taxpayers now hav
I-T searches premises linked to film producers Kumar Mangat Pathak, Vashu Bhagnani
The Income Tax Department on Monday searched multiple Mumbai locations linked to Panorama Studios and film producers Kum
Gujarat: CID plans CA-assisted probe, forensic audit of records in political 'donation racket'
Digital Desk | Gandhinagar, Sep 28 (IANS) Gujarat CID Crime will conduct a forensic audit of records and reconstruct the
CBDT extends tax audit deadline to Oct 21, taxpayers can file returns till Nov 21
Digital Desk | New Delhi, Sep 28 (IANS) The Central Board of Direct Taxes (CBDT) has extended the due date for furnishin
Rakul Preet, Panorama Studios on I-T radar; 12 Mumbai sites searched
The Income Tax Department is currently conducting searches at multiple locations linked to actor Rakul Preet Singh and p
Are Gujarat unrecognised political parties a front for tax-evasion?
What does the Income Tax Department allege? How much money is involved? How was the money allegedly routed? When did the
Searches At 12 Places Linked To Actor Rakul Preet Singh, Bollywood Industry
The Income Tax Department is conducting searches at several locations linked to Bollywood actor Rakul Preet Singh, her f
I-T searches 12 properties linked to Rakul, Vashu Bhagnani
Mumbai: The Income Tax Department launched searches at 12 locations in Mumbai linked to actor Rakul Preet Singh, her fat
The Income Tax (IT) Department has launched extensive search operations at 12 locations across Mumbai connected to promi
The Income Tax Department is conducting searches at around 12 locations linked to people and companies from the film ind
Digital Desk | Hyderabad, Sep 28 (IANS) The makers of director Puri Jagannadh's eagerly awaited action entertainer 'Slum
Income Tax Department TN and Puducherry has released the Recruitment 2026 notification for 146 Stenographer Gr.I posts.
ED searches 16 locations linked to Bengaluru-based firm
Digital Desk | Bengaluru, Sep 25 (IANS) The Enforcement Directorate (ED) has conducted searches at 16 premises linked to
SSC Combined Graduate Level Exam 2026: 10,731 Vacancies, Check Posts With Most Seats
SSC Combined Graduate Level Exam 2026: The vacancies include key posts such as Central Excise Inspector, Income Tax Insp
Income Tax Audit Deadline 2026: 5 Days Left, No Extension
With the September 30, 2026, income tax audit deadline approaching, no official extension has been announced. Follow thi
Income Tax Dept notifies changes in TDS Rules for non-resident immovable property transfers
From October 1, buyers can use PAN and Form 141 instead of TAN; 50-lakh threshold and 1% rate will not apply
Digital Desk | Thiruvananthapuram, Sep 24 (IANS) A page purportedly from the diary of CMRL Managing Director S. Sasidhar
There will be no democracy: Mehbooba Mufti raises alarm over electoral roll changes
Srinagar, Sept 23: PDP president Mehbooba Mufti on Wednesday warned that India could resemble a banana republic if elect
Court says tax authority cannot dismiss an appeal merely because the assessee failed to appear for the proceedings
Retired man deposits Rs 1.33cr, files no ITR; taxman sends notice, what ITAT said
The Income Tax Department also noted that the individuals had not filed an income tax return (ITR) for the relevant year
Digital Desk | New Delhi, Sep 19 (IANS) As Prime Minister Narendra Modi distributed over 51,000 appointment letters to n
Actor-director S.J. Suryah withdraws plea to discharge him from income tax evasion cases
Justice Sunder Mohan of the Madras High Court dismisses as withdrawn a batch of six criminal revision petitions filed by
SC stays Punjab and Haryana HC ruling declaring IT Act's Section 147A unconstitutional
Digital Desk | New Delhi, Sep 18 (IANS) The Supreme Court on Friday stayed the operation of a Punjab and Haryana High Co
SC stays P&H High Court ruling striking down Section 147A of Income Tax Act
The Supreme Court said assessment proceedings covered by the dispute will not proceed until final disposal of the Centre
Meesho's Valmo helps 10,000 delivery partners file income tax returns
The programme has helped partners claim Rs 2 crore in refunds, with nearly 70 per cent of those who initiated income tax
Noel Tata proposes Rs 25,000-crore buyout plan to provide liquidity to SP Group
Digital Desk | New Delhi, Sep 17 (IANS) Tata Trusts Chairman Noel N Tata has proposed a plan to provide liquidity to the
She declared Rs 43,796, misses Rs 14.02L; hit with 200% penalty, but ITAT gave relief
This is the case of a 57-year old non-resident Indian (NRI) woman who ended up under-reporting her income when she filed
Former Kerala DGP Tomin Thachankary convicted in disproportionate assets case
Digital Desk | Kottayam (Kerala), Sep 17 (IANS) Former Kerala Director General of Police (DGP) Tomin J. Thachankary, onc
Income Tax Pune has announced the Recruitment 2026 notification for 85 vacancies, including Tax Assistant, MTS and Steno
CBI registers FIR against former Income Tax Commissioner and ex-CISF DIG for disproportionate assets
The News Mill
The CBI has filed an FIR against a former income tax commissioner and his wife for allegedly amassing assets beyond thei
Supreme Court to hear Centre's plea on I-T reassessment order
The Supreme Court is preparing to address a crucial appeal from the government on Friday, challenging a recent High Cour
Centre moves Supreme Court over striking down of Income Tax Section 147A
Government challenges Punjab and Haryana High Court ruling that invalidated the retrospective provision governing tax re
She got Rs 18.34L medical stipend, got notice for no tax paid; what ITAT said
Section 10(16) provides an income tax exemption for scholarships granted to students to meet the cost of their education
SC to hear Centres plea against HC ruling on income tax reassessment
The Supreme Court will hear a government appeal on Friday. This appeal challenges a High Court judgment striking down Se
The Delhi High Court criticized the Income Tax Appellate Tribunal for its procedural lapses. The tribunal's actions in a
CBI books Arunachal activist over foreign funds for protests
The CBI has registered a case against Arunachal Pradesh environmental activist and lawyer Bhanu Tatak for allegedly rece
Rajasthan Police arrest man from UP's Faizabad in Rs 3.81 crore online trading fraud
Digital Desk | Jaipur, Sep 12 (IANS) Acting on the directives of Rajasthan Director General of Police (DGP) Rajiv Kumar
Cauvery water row: Karnataka's appeal to be heard in SC on Sep 14, says Water Resources Minister
Digital Desk | Mandya, (Karnataka), Sep 11 (IANS) Karnataka's appeal against the direction to release Cauvery water to T
Indian man in Kuwait faces Rs 3.63 crore tax case after no ITR
An Indian working in Kuwait, Narshibhai, faced a Rs 3.63 crore tax case after the Income Tax Department flagged large su
Mumbais Special 26 twist: Sacked driver, 2 I-T officials stage fake raid for Rs 1 crore
A sacked driver and two Income Tax officials attempted a fake raid. They demanded one crore rupees from a former employe
The high court's recent ruling has dealt a significant blow to a controversial retrospective tax law, impacting around t
83-year-old had Rs 2.4L FD, Rs 1.06L cash; how she won 9-year-old tax demand case
For reasons not known, the woman did not respond to the notice. The Income Tax Assessing Officer consequently completed
Delhi HC flags rampant fake GST registrations, orders biometric Aadhaar authentication
Digital Desk | New Delhi, Sep 10 (IANS) The Delhi High Court has directed authorities across the country not to allow an
Punjab HC strikes down Income Tax Act's Section 147A as unconstitutional
The Punjab and Haryana High Court has struck down Section 147A of the Income Tax Act as unconstitutional, affecting rule
Taxman seized womans gold, diamonds and silver; how she won case in ITAT
The matter began after the woman filed her income tax return (ITR) on August 12, 2019, declaring an income of Rs 1.34 la
Jarkiholi ED raids politically motivated as BJP targeting Dalit leader, says Karnataka CM
Digital Desk | Bengaluru, Sep 9 (IANS) Karnataka Chief Minister, D.K. Shivakumar, on Wednesday alleged that the Enforcem
ED raids on Minister Jarkiholi politically motivated, CM Shivakumar could be next: Priyank Kharge
Digital Desk | Bengaluru, Sep 9 (IANS) Karnataka Home and Information Technology Minister Priyank Kharge on Wednesday al
Savings Account Cash Deposit Rules: When Banks Report Transactions to the Income Tax Department
A savings account offers a convenient place to keep money, receive income and manage routine expenses. However, people w
J&K, Ladakh agencies step up coordination to combat narcotics trafficking
Digital Desk | Srinagar, Sep 8 (IANS) The second Union Territory-level Joint Coordination Committee (JCC) meeting on Nar
Christopher Rokos moves to Greece: How does its tax system compare with Britain
Christopher Rokos paid 330m in UK tax last year. Greece offers wealthy new residents a special foreign-income tax regime
Income tax on retirement benefits: 7 incomes that can still be taxable after retirement
Law minister seeks suggestions to strengthen National Tribunal Commission
Arjun Ram Meghwal sought stakeholder inputs on the proposed National Tribunal Commission framework while inaugurating th
JSP MP seeks Income Tax Appellate Tribunal Bench in Amaravati
Lingamaneni Ramesh urges Centre to bring eight districts currently under the Hyderabad Benches within the proposed Bench
Tax reforms drive 1.32 crore updated returns, Rs 16,083 crore additional tax: CBDT member
Updated income tax returns have increased significantly over four years. New tax regime adoption shows strong uptake amo
GST returns, overseas investments, off-market stock deal come under AIS
The Income Tax Department is set to enhance its Annual Information Statement by incorporating additional data. This revi
Parliamentary panel flags punitive tax regime, seeks data on new Income Tax Acts Impact
Parliamentary Standing Committee members question heavy-handed enforcement, compliance glitches and widening reliance on
Parliamentary panel flags compliance glitches on new income tax act, seeks more data from CBDT
A parliamentary committee has identified compliance issues with the new Income Tax Act. They are seeking detailed data f
Dentsu Offices Searched Across Four Cities In Fresh Income Tax Investigation
Income Tax searches at Dentsu offices across four cities raise questions, but key details remain undisclosed.
No more hush-hush: Tax portal opens door to misconduct complaints
The Income Tax portal now allows taxpayers to report misconduct. A new tab enables complaints against officers for sexua
ITR Filings For AY 2026-27 Cross 7.8 Crore, Set New Record
NEW DELHI, Sep 1: A record over 7.8 crore income tax returns (ITRs) have been filed for assessment year 2026-27 till Aug
Over 78 Million Income Tax Returns Filed for Assessment Year 2026-27
New Delhi, September 1: The Income Tax Department announced on Tuesday that over 78 million Income Tax Returns (ITRs) ha
Over 7.8 crore ITRs filed for AY 2026-27 till August 31
New Delhi: A record over 7.8 crore ITRs have been filed for assessment year (AY) 2026-27 till August 31, the income tax
Record 7.8 crore ITRs filed for AY26-27 as August 31 deadline ends
Over 7.8 crore Income Tax Returns were filed for AY 2026-27 by August 31. This marked the close of the revised statutory
ITR filing for AY27 touches record 78 million till August 31: I-T dept
A record over 7.8 crore ITRs have been filed for assessment year (AY) 2026-27 till August 31, the income tax department
Over 75 Million Non-Audit Tax Returns Filed for Assessment Year 2026-27: Income Tax Department
New Delhi, August 31: The Income Tax Department announced on Monday that over 75 million income tax returns (ITRs) have
New Delhi, August 31: The Income Tax Department has issued a final reminder to taxpayers with business or professional i
SC to hear Monday plea concerning cash donations received by political parties
The Supreme Court will hear a plea challenging anonymous cash donations below Rs 2,000. This provision of the Income Tax
Tax-Saving Mutual Fund Plan: Heres a mutual fund investment that allows you to claim a tax deduction under Section 80C o
House panel urges timely filling of ITAT vacancies, flags staff shortages
A Parliamentary Committee has recommended timely and continuous filling of vacancies in the judicial, registry, and supp
ITR Filed On Time But Got A Tax Notice? Here's What It Means
Receiving an income tax notice does not always mean that you will face a fine or a major problem.
Income Tax Department conducts outreach programme for PACCS in Thoothukudi
Over 7 Million Income Tax Returns Filed for Assessment Year 2026-27
New Delhi, August 28: The Income Tax Department announced on Friday that over 7 million income tax returns (ITRs) have b
SC to hear plea against anonymous cash fundings to parties
The Supreme Court is scheduled to hear on August 31 a plea which has challenged the validity of a provision of the Incom
SC to hear plea on cash donations received by political parties
New Delhi: The Supreme Court is scheduled to hear on August 31 a plea which has challenged the validity of a provision o
ITR Filing Deadline: Last date for filing ITR-3 and ITR-4 is very close, know 10 important rules
The deadline of August 31 for filing ITR-3 and ITR-4 is near. To avoid tax notice on wrong information in the form, unde
IPO Investment Income Tax: While investing money in IPO, it is necessary to be clear about the source of income and inve
Major Financial Scandal Unfolds in Jaipur: CA Accused of Issuing Fraudulent Certificates
Jaipur, August 25: A significant financial scandal has emerged in the capital of Rajasthan, Jaipur. The Income Tax Depar
SC flags private access to EPFO, ITR data, seeks safeguards against misuse
The Supreme Court has said the access by private entities to sensitive data of EPFO and ITR records was worrisome, and a
IIFL Finance, Subsidiary Home Finance Face Rs 963 Crore Tax Demand From IT Authority
The order against IIFL Home Finance was raised by the Assistant Commissioner of Income Tax, Central Circle - 4(4) in Mum
I-T dept nudges non-audit taxpayers to file ITR before Aug 31 deadline
The income tax department on Monday nudged taxpayers with business or professional income who are not subject to audit t
Chartered Accountant booked for Rs 465 crore fraud in Hyderabad
Hyderabad: A chartered accountant and his associates have been booked for foreign remittance fraud worth Rs 464.8 crore
Income Tax Vacancy 2026: Recruitment in Income Tax Department, Salary up to
Career Opportunities for Sportsperson: Recruitment has come for sportspersons in the Income Tax Department. Applications
Saving Account Limit: You may also have a savings account, but do you know how much money can be kept in such an account
The IRS EITC 2026 can put up to $8,231 back into the hands of eligible workers. But it is not a payment for everyone. Yo
August 2026 Deadline: Before the end of August, complete these 4 important tasks including income tax return. If you mis
There are many such dates between August and December, which some taxpayers need to keep in mind. This includes deadline
Bengaluru: Police, I-T dept seize Rs 10.3 cr, probe money trail
Bengaluru: A joint operation by the Income Tax Department and Electronic City police has led to the seizure of more than
Income tax rules for selling old jewellery at home, know how much tax will be charged
Income tax rules: The profit earned on selling old household jewelery can be considered as capital gains according to in
CBI Court Sentences Income Tax Officer to Three Years for Bribery in Gujarat
Ahmedabad, August 21: A CBI court in Ahmedabad has sentenced Jarnail B. Singh, an Income Tax Officer (OSD) from the Join
9 crore cash seized from car going from Bengaluru to Tamil Nadu
The cash was seized by the Income Tax Department
US proposes new tax credit rules restricting refunds for some non-citizens
The US Treasury and IRS have proposed new rules restricting the refundable portion of four federal tax credits to US cit
IT dept seizes Rs 10.3 crore illegal cash in Bengaluru, TN
Income Tax officials seized Rs 9 crore in cash from a car near Bengaluru's Electronic City, leading to further recovery
Income Tax Sleuths Seize Rs 9 Crore Cash From Car Near Bengaluru, More From Tamil Nadu
The interception took place on the night of August 18, following a request from the Income Tax Department to Bengaluru C
Income Tax Department Recruitment 2026: 10th Pass Candidates Can Apply for Canteen Attendant Posts
Government job aspirants who have completed Class 10 have a new recruitment opportunity with the Income Tax Department.
9 Crore Cash Seized in Bengalurus Electronic City, Gold Trader Detained
Bengaluru, August 21: Income Tax officials seized approximately 9 crore in cash from a car registered in Kerala near the
Tambaram: Fake Woman Auditor Held For Collecting Money As IT Payment
A fake woman auditor who collected Rs. 66 lakh from various persons and gave fake receipts to them for Income Tax paymen
Tata Consumer Products confident of double-digit growth in FY27: CEO
Tata Consumer Products Ltd (TCPL) expects to maintain double-digit revenue growth in FY27, driven by healthy consumer de
Sending 25 lakh or more abroad? What could trigger an income tax query
Taxman tracks foreign remittances: What parents, investors should know
India must protect tax base while ensuring investor certainty: Income Tax official
Indias tax administration is seeking greater certainty and international cooperation as businesses expand globally and t
Income Tax Department Conducts Raids Across 4 Gujarat Cities; Shipping Firm, CAs Under Scanner
Income Tax Department raids are underway across Ahmedabad, Gandhidham, Mundra and Rajkot over alleged fake Form 15CB, pa
Tejashwi detained in Patna while taking out march over police action during NEET protests
Patna, Aug 19 (PTI) RJD leader Tejashwi Yadav was detained in Patna on Wednesday while taking out a march over the recen
The protesting leaders faced water cannons as they attempted to break barricades at the Income Tax chouraha (thoroughfar
DVAC Conducts Raids at Over 40 Locations in Tamil Nadu Over Transformer Purchase Scam
Chennai, August 19: The Directorate of Vigilance and Anti-Corruption (DVAC) launched a significant operation on Wednesda
Why the vote on taxing California's billionaires is being watched globally
In New York, Mayor Zohran Mamdani has proposed a 2 per cent income tax increase for those earning over $1 million, and p
I-T department officials discuss roadmap for improving services for taxpayers
Senior Income Tax officials met in Jaipur for a two-day conclave. They discussed improving taxpayer services and reducin
Could your state pension jump above
The full new state pension could rise by more than 500 a year. A 4.1 per cent increase would take the annual payment abo
Suspicious foreign remittances under I-T dept scanner
The Income Tax Department has initiated a nationwide verification drive targeting suspicious foreign remittances made by
Suspicious foreign remittances under income tax department scanner
The income tax department has launched a drive to verify suspicious foreign remittances by entities with little or no re
What Do They Get Back?: Shehzad Poonawalla Seeks Income Tax Waiver for Salaried Middle Class
Poonawalla questions middle-class taxation, demands better public services and resigns from BJP citing personal circumst
ITR Refund Status: How to Check Income Tax Refund Status Online for AY 2026-27?
How to check ITR Refund Process: Income Tax Department has provided digital options like e-filing and NSDL/Protean porta
Cash Seized from Taxi Drivers Home in Madhya Pradesh Raises Questions
Bhopal, August 18: In a significant operation, police in Madhya Pradeshs Sagar district seized 3.02 crore in cash from t
Fire breaks out at Mumbai Income Tax office, dozens rescued
Fire breaks out at Mumbai Income Tax office dozens rescued
Election black money cases must be probed faster, says Supreme Court
The Supreme Court mandated swift conclusion of criminal cases involving election-related black money. Authorities must r
Fire At Mumbai Income Tax Office, 28 Rescued
Multiple agencies, including the Mumbai Fire Brigade, Mumbai Police, BEST personnel, 108 ambulance services and BMC ward
Fire Breaks Out at South Mumbai Income Tax Office, Staff Safely Evacuated
An inquiry is going on with the police, Income Tax officers and security staff regarding missing or injured persons, the
Mumbai: Fire breaks out at Income Tax office, employees rescued
Mumbai Fire News: Upon receiving information about the fire, approximately eight fire brigade vehicles arrived at the sc
Mumbai Fire: Massive Fire Breaks Out at Income Tax Building in Kandivali, 11 Rescued
A fire broke out in the basement of the building of the Income Tax office located on Maharashtra Karve Road, Mumbai. The
Fire breaks out at Mumbai Income Tax building basement, panic grips area as fire brigade rushes in
A fire broke out in the basement of the Income Tax building on Maharshi Karve Road in Mumbai on Monday afternoon. As per
Mumbai: Fire Breaks Out In Basement Of Income Tax Office 'Aayakar Bhavan'
The blaze, confined to the basement of the basement-plus-ground-plus-seven-storey structure, sent smoke through the uppe
Fire Breaks Out At Income Tax Office Building In Mumbai's Churchgate
According to preliminary information, the Mumbai fire brigade received a call at 2.01 pm reporting a fire in the basemen
Major Fire At Mumbai's Income Tax Building
A fire erupted in the basement of the seven-storey Income Tax Office building, Aaykar Bhavan, in Churchgate, south Mumba
Income-tax penalty on political donation deduction of
ITAT Ahmedabad has deleted a 2.31 lakh income-tax penalty imposed on a taxpayer over a 3.71 lakh political donation dedu
Income Tax Department Launches One-Time Foreign Assets Disclosure Scheme For Small Taxpayers
Project Insight to be implemented from January 27, 2028; likely to curb delay in Income tax refunds
This implementation of this mechanism is critical as average delay in getting refund has surged to 35 days in FY 26 (as
This scheme will be effective from August 16 and under this, online declarations can be filed till December 31, 2026. Th
Got a mistake in your PAN card? How to correct your name, date of birth, or address online?
If your PAN card contains incorrect name, date of birth, address, or other personal details, there's no need to obtain a
'India was, is and will be one of fastest-growing economies': SBI Research
India remains one of the world's fastest-growing economies, demonstrating significant resilience. Strong credit and depo
Income Tax Department rolls out foreign asset disclosure scheme for small taxpayers
Declarations can be made till December 31, 2026
Telangana HC shields biodiversity body from Income Tax notice
Hyderabad:A Telangana government-run biodiversity body cannot be taxed by the Centre, the High Court has ruled, quashing
Apply Now: 42 Positions Open at ITAT, Deadline August 16
Mumbai, August 15: Securing a government job is a dream for millions of youth in India. If you are among them, a golden
CAG Flags Delays Up To1,398 Days, Incorrect Tax Calculations
Direct Tax Vivad Se Vishwas scheme was introduced to reduce pending income tax litigation, facilitate timely revenue col
Kerala sportspersons receive govt boosts with jobs
Thiruvananthapuram Four Malayali sportspersons have received the Centres recognition in the form of government jobs, wit
Centre steps in with jobs, Kerala govt boosts by awarding cash rewards for sporting personalities
Thiruvananthapuram, Aug 14 (IANS) Four Malayali sportspersons have received the Centres recognition in the form of gover
PoK JAAC Calls For Non-cooperation Movement In Pakistan
PoK citizens urged not to pay electricity, water, gas bills and Income taxes
New Delhi Secretariat building to come up at ITO; Income Tax Office to get new building
Delhi government plans a new high-tech single tower secretariat at ITO. This project involves redeveloping approximately
PAN Card: Using Aadhaar, you can create e-PAN from home in minutes, apply like this
A PAN card has become an essential document for a variety of financial and official purposes. It may be government servi
E-PAN can be generated in 10 minutes from home, know the complete process
Now there is no need for long process and fees to get PAN card made. Eligible people making PAN for the first time can a
There is a provision in the Income Tax Act 2025 to issue certificates for TDS at nil or lower rates. To reduce the burde
Income Tax Refund Not Credited Yet? Reasons Why Your ITR Refund May Be Delayed in 2026
Issues such as pending e-verification, mismatches in AIS and Form 26AS, incorrect bank details, and additional scrutiny
Delhi HC pauses judges ITR processing amid tax exemption row
The Delhi High Court has halted the processing of judges' income tax returns. This action stems from a dispute over cert
Direct Tax collection surges 23.09% to
Indias net direct tax collection has crossed 8.11 lakh crore in the current financial year, registering a growth of 23.0
Assam Exempts Small Farmers from Agricultural Income Tax
Guwahati, August 11: Assam Chief Minister Himanta Biswa Sarma announced on Tuesday that the state government will reintr
Assam Exempts Small Farmers from Agricultural Income Tax Up to
Guwahati, August 11: Assam Chief Minister Himanta Biswa Sarma announced on Tuesday that the state government will reintr
No income tax for small tea growers: Assam CM
Guwahati, Aug 11 (IANS) The Assam government will restore agricultural income tax for larger assessees while keeping sma
Net Direct Tax Collection Grows 23 pc To Rs 8.11 lakh crore till Aug. 10
As per the data, the net corporate tax collection rose 19.83 per cent to about Rs 2.70 lakh crore, while non-corporate t
Income Tax Notice After Filing ITR: If even the slightest discrepancy is found in the data available with the Income Tax
Finance panel calls for AI checks for tax refunds
A parliamentary committee has identified a concerning surge in income tax refunds that are taking too long to process. T
E-Pan Card: Income Tax Department has started Tatkal E-PAN facility, through which now PAN card can be made for free in
Lower or nil TDS certificates to go fully online soon, rules being framed
New rules are being prepared for electronic applications for lower TDS certificates. Taxpayers can soon apply online for
Income Tax Refund: Income tax refund not received, these 5 reasons could be responsible
Income Tax Refund: If income tax refund has not come to your account even after filing ITR, then the reason for this can
Income Tax Refund Delayed? 5 Common Reasons Your ITR Refund May Still Be Pending
Income Tax Refund Delay: Filed your Income Tax Return but still waiting for the refund to reach your bank account? A del
Probe Agency ED Director Rahul Navin Gets 1-Year Extension
A 1993-batch Indian Revenue Service officer of the Income Tax cadre, 59-year-old Navin has been leading the federal anti
ED Director Rahul Navin gets one-year extension
A 1993-batch Indian Revenue Service officer of the Income Tax cadre, 59-year-old Navin has been leading the federal anti
Saving Account Limit: You may also have a savings account, but do you know how much money can be kept in such an account
The IRS Earned Income Tax Credit (EITC) can provide significant tax relief to eligible low- and moderate-income workers.
Income Tax Return (ITR) filing season is still underway for certain categories of taxpayers, even though the July 31 dea
ITR Case in Delhi High Court: TDS deducted but no tax liability? Learn about seeking a refund without ITR, the Delhi Hig
Madras High Court admits income tax appeal against K.N. Nehru
It relates to the former Minister not having allegedly disclosed an income of 17 crore and investments of 11.98 crore in
How To Check ITR Refund: If it has been 4-5 weeks since you filed ITR, then you can check the status of your refund onli
Gains From Unexercised ESOP Buybacks Taxable As Capital Gains: ITAT
The Income Tax Appellate Tribunal (ITAT) has ruled that gains arising from the repurchase of vested, unexercised employe
Indias new 15-year tax break could unlock global rough diamond trade
India is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade roug
HC seeks govt reply on auto TDS refund plea
The Delhi High Court has asked the government for its response on a plea. This plea seeks automatic tax deducted at sour
ITAT Recruitment 2026: Apply Now for 42 Positions Including Senior Private Secretary
Mumbai, August 5: The Income Tax Appellate Tribunal (ITAT), a quasi-judicial body operating under the Ministry of Law an
Household savings rise to 21.7% of GDP in FY25: Govt
Household savings increased to 21.7 percent of GDP in 2024-25. Government and RBI measures aim to boost incomes and fina
Ram Temple donation row sparks fresh Kharge-Rijiju clash in Parliament: What happened
Leader of Opposition Mallikarjun Kharge raised the alleged Ram Temple donation theft issue during Zero Hour in Rajya Sab
Income Tax Players Make National Bridge Semifinals
As many as 36 teams representing various states and sports associations of different departments
Zomato And Blinkit facilitate 18 Crores of Income Tax refunds by enabling over 100,000 Delivery Partners across 905 citi
A man's Rs 1.14 crore income tax payment sparked debate on taxpayer value in India. He chose to stay in India despite ov
Tax Deadline Passed: What You Need to Know About ITR Filing in India
New Delhi, August 2: The deadline for filing Income Tax Returns (ITR) on July 31 has now passed, with a significant numb
Over 5.9 crore income tax returns filed by July 31 for AY27 as deadline closes
More than 5.9 crore income tax returns were filed by the July 31 deadline. This figure represents filings for assessment
Key Financial Changes in August 2026: Impact on Taxpayers, Bank Customers, and Travelers
New Delhi, August 1: As August 2026 begins, several significant financial changes affecting the general public, taxpayer
ITR Filing Deadline Ends Today; Income Tax Department Urges Taxpayers Not to Miss Last Chance
New Delhi, July 31: Today, July 31, 2026, is the last date to file Income Tax Returns (ITR) for eligible taxpayers. The
A chartered accountant revealed that an IIT graduate earning 1 crore was struggling to pay Rs 15,000 tax due to a cash c
Tech billionaires such as Jeff Bezos, Mark Zuckerberg, Sergey Brin, and Larry Page are among high-profile names who are
Number of billionaires grows 4-fold in five years to 576 in AY'26: Income tax return data
Five hundred seventy-six individuals reported over Rs 100 crore income in 2025-26. This figure shows a fourfold increase
Centre Tightens Crypto Rules Under Income Tax Act. Is Broader Policy Next?
Industry players believe the latest guidance is an important milestone, even though it does not introduce new taxes or r
FM Sitharaman directs Income Tax dept to work for benefit of common people
It is somebody's job to take care of our assets, and when it is encroached, we say, oh, we have the land, but we can't b
Nirmala Sitharaman Urges Income Tax Officials to End Bureaucratic Delays for Taxpayers
Finance Minister Nirmala Sitharaman asked Income Tax officials to adopt a citizen-centric approach, avoid unnecessary bu
Revanth Reddy Attacks Modi After Dharmendra Pradhan's Resignation
He said youth fought from the streets to Parliament and defeated Modiji.Modi ji has become used to suppressing whatever
Essential Tax Deductions to Claim While Filing ITR
New Delhi, July 26: When filing Income Tax Returns (ITR), many individuals accurately report their income and tax inform
Power Cut Today (July 25): Electricity Supply to Remain Disrupted in 53 Areas of Udaipur
Udaipur: The electricity department has announced a scheduled power shutdown in several parts of the city on Saturday du
FM Sitharaman asks I-T Department to separate genuine errors from wilful tax evasion
Finance Minister Nirmala Sitharaman called on the Income Tax Department to embrace a more taxpayer-friendly attitude. Sh
Honest Taxpayer Is the True Architect of India: Shiv Pratap Shukla
K.V. Chowdary, former Central Vigilance Commissioner and former chairman of CBDT, said there had been steady growth in P
Finance minister Nirmala Sitharaman asks I-T officials to ease burden on honest taxpayers
Finance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against
Maharashtra Releases First List of 533 Farmers Under Loan Waiver Scheme
State launches first phase of Rs 40,980-crore farm loan waiver; rollout delayed due to Income Tax verification.
Income Tax Return Filing: Why Relying On Deadline Extension Can Be A Costly Mistake
A common issue arises when taxpayers log into the IT portal only in the final week of July. This is often when mismatche
The income tax e-filing portal has been upgraded to handle increased filings. Revenue from long-term capital gains rose
Andhra and Telangana direct tax collections grow 19.47% in first quarter of 2026-27
Principal Chief Commissioner of Income Tax said the regions net collection reached 41,568 crore up to July 17; Andhra Pr
Income Tax, MSME reforms among 7 key Bills on government's Monsoon Session agenda
The Centre will introduce five new Bills during the Monsoon Session. Key proposals include income tax reforms and increa
How a Meerut slum woman masterminded a Rs 357 crore income tax return fraud from a 25-sq-yard home
The Income Tax Department has uncovered a large tax refund fraud racket. A 30-year-old woman allegedly created fake dedu
Delhi government plans global tender for 'Twin Towers' Secretariat building project
Delhi government plans a global tender for constructing new twin-towers Secretariat. This ambitious project aims to cons
Foreign or local? Investors at lossover GIFT funds
Investors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund
AIS now includes foreign assets, income data
The Income Tax Department now shows foreign asset details in annual statements. This move aims to improve voluntary tax
Fake IT emails target Kerala chitty firms; association seeks police crackdown on cyber fraud
All Kerala Chitty Foremens Association says fraudsters have been sending emails, pretending to be Income Tax officials,
EPFO Amnesty Scheme 2026: What is it and who is eligible?
The EPFO has launched the Amnesty Scheme 2026, aimed at providing a six-month window for establishments managing Provide
Centre brings amnesty scheme for PF Trusts to regularise their status
Recognition under the Income Tax Act, 2025 shall be available only to provident funds that have obtained exemption under
The Income Tax Department said over 1.7 crore taxpayers have filed Income Tax Returns for AY 2026-27 and urged eligible
Over 17 Million Tax Returns Filed for Assessment Year 2026-27, Says Income Tax Department
New Delhi, July 11: The Income Tax Department announced on Saturday that over 17 million tax returns (ITRs) have been fi
Over 1.7 cr ITRs filed for AY 2026-27: I-T deptt
More than 1.7 crore income tax returns have been filed for the 2025-26 fiscal year. Over ten lakh returns were submitted
Same-sex couple challenges Income Tax provision that exempts gifts only between spouses
The Karnataka High Court has requested a response from the Union government concerning a petition that challenges a tax
Income Tax Department opposes same-sex couples plea for tax exemption on gifts
Bombay High Court told Section 56(2)(x) exemption applies only to relationships recognised as marriage under Indian law;
TMC slams ED after Rs 440.42 crore in party accounts frozen
The party said the funds in question are fully disclosed, with donation transactions duly reported to the Election Commi
Income tax department slaps notices on foreign investors with no earnings
Foreign investors are receiving unexpected tax notices in India, even for transactions where no profit or dividend was e
Income Tax Return 2026: Don't Miss the DeadlineKnow the Right ITR Form
ITR Filing 2026: Know the deadline, late filing penalty of up to Rs.5,000, how to file your income tax return, and which
Supreme Court lays down ITR norms for fixing accident damages
The Supreme Court has mandated distinct methods for calculating road accident compensation, acknowledging the income dis
June Monthly Car Sales at 4 Lakh Units Fueled by Robust Domestic Demand
He said three tailwinds such as the GST 2.0 cut, benefit given in the income tax till Rs 11 lakh, and repo rate reductio
SC lays down guidelines on computation of income of motor accident victims
The Supreme Court has established new guidelines for determining motor accident compensation based on Income Tax Returns
Watch: EPFO, passport to ITR: Major changes from July 1
Several changes have come into effect from July 1, including the restoration of EPFO online services, free Aadhaar email
Assam State Budget 2026-27: FINER suggests higher devolution share and tax net widening
Ahead of Assam's 2026-27 State Budget, industry body FINER urges higher central fund devolution and tax net expansion. T
Telangana Governor urged to end practice of State paying ministers income tax
Aseem Chawla, Senior Advocate, a distinguished Tax & Business Lawyer, has unveiled the Third Edition of Supreme Court on
Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legally
A Kolkata businesswoman, Saroj Goenka, legally saved 26 crore in taxes by reinvesting long-term capital gains from share
Understanding Revised Income Tax Returns: A Guide for Taxpayers
New Delhi, June 21: Filing income tax returns (ITR) often comes with its share of mistakes. Taxpayers may forget to repo
Freelancers tax filing guide: Choosing the right ITR for AY 2026-27
Many freelancers still face uncertainty when selecting the correct Income Tax Return form. The post Freelancers tax fili
Indias Gross Tax Collection Sees 12.46% Growth in April-June 2026
New Delhi, June 18: Indias gross tax collection for the April-June period of the fiscal year 2026-27 has increased by 12
Supreme Court rejects plea challenging Income Tax break to STs in North East
The Supreme Court has declined to hear a petition questioning the income tax exemption for Scheduled Tribes in certain n
CMRL pay-off case involving ex-Kerala CM Pinarayi Vijayans daughter T. Veena | Explained
Income Tax Interim Settlement Board in 2023 found that T. Veena and her now-defunct company Exalogic Solutions had recei
AITUC Rejects SCCL Claim Of Surplus Manpower
AITUC leader Rangaiah said issues relating to medical board removals, income tax matters and allocation of housing sites