Rs 30 lakh income tax demand notice and India-US DTAA benefit denied to US citizen; she fights and wins case in ITAT Del
Srinagar, Sep 23: PDP president Mehbooba Mufti on Wednesday alleged that the BJP was subverting India's electoral proces
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
S&P raises India FY27 GDP growth forecast to 7%, sees 25 bps RBI rate hike
S&P Global Ratings on Wednesday raised India's GDP growth projections for the current fiscal to 7 per cent, citing robus
Form 141 is the new unified challan-cum-statement for specified TDS transactions under the Income Tax Act 2025. Know who
Income Tax Act 2025: F&O traders should understand the tax treatment of trading profits, turnover calculation, eligible
My sister gifted me Rs 37 lakh from land sale. Will she have to pay income tax?
ET Wealth Reader's Query: My sister and I received Rs 37 lakh each from the sale of agricultural land in our native plac
Tenant receives Rs 1.38 crore permanent alternate accommodation, gets Section 56(2)(x) tax notice; ITAT Mumbai gives rel
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
Bengal: RPF arrests Maha man at Howrah with Rs 67 lakh cash
Digital Desk | Kolkata, Sep 21 (IANS) A passenger was caught with bundles of notes at Howrah station in West Bengal, pol
127 new recruits receive appointment letters at Rozgar Mela in Shillong
Shillong, Sep 19: Union Minister of State for External Affairs Pabitra Margherita handed over appointment letters to 127
Income Tax Rules 2026 amended: CBDT revises Form 169, Form 171; extends these deadlines
The Central Board of Direct Taxes has rolled out significant amendments to income tax regulations for 2026, particularly
Digital Desk | New Delhi, Sep 19 (IANS) As Prime Minister Narendra Modi distributed over 51,000 appointment letters to n
8 changes in income tax audit forms for AY 2026-2027; what taxpayers need to know
For the assessment year 2026-2027, the deadline for income tax audits is set for September 30, 2026. Businesses utilizin
NRI woman gets relief as ITAT cuts income tax penalty from 200% to 50%: Know why
ITAT Mumbai cut an NRI's tax penalty from 200% to 50% after she omitted 14.46 lakh in interest income from her ITR. The
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
The Supreme Court on September 18 stayed the Punjab and Haryana High Court judgment declaring Section 147A of the Income
Can you transfer rent from personal property to your HUF? Know the tax rules
Owning property personally but crediting rent to your HUF? Section 96 of the Income Tax Act 2025 attributes such rental
While giving shares to your parents who reside in your home country might appear as a thoughtful gesture, it has substan
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
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
India should take global leadership in entire value chain of lab-grown diamonds: Amit Shah
Mumbai (Maharshtra) [India], September 13 : Union Home Minister Amit Shah appealed to Indian industry to build the entir
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
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
Germany Considers 25 Percent Tax on Previously Untaxed Crypto Gains
Germanys Finance Ministry has reportedly prepared a draft bill to bring cryptocurrency gains under the countrys 25 perce
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
J&K, Ladakh agencies step up joint fight against drug trafficking
Srinagar, Sep 8: The second UT-level Joint Coordination Committee (JCC) meeting on narcotics control for Jammu & Kashmir
J&K , Ladakh Hold 2nd UT-Level JCC Meeting on Narcotics Control in Srinagar
Srinagar, Sep 8: The second UT-level Joint Coordination Committee (JCC) meeting on narcotics control for Jammu & Kashmir
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
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
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
Income Tax Kolkata Sports Quota Recruitment 2026 - Apply Offline for 82 Tax Assistant, MTS Posts
Income Tax Kolkata has announced the Recruitment 2026 notification for 82 Sports Quota vacancies, including Tax Assistan
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
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
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
Why More Taxpayers May Receive Income Tax Scrutiny Notices This Year
ITR Filing AY 2025-26: Most scrutiny notices are not accusations of wrongdoing. Often, they simply seek clarification or
The 2026 law had introduced many new provisions to the Income Tax Act, 1961 with retrospective effect dating back as ear
Essential Tax Calculation Tips for Salaried Individuals
New Delhi, June 12: Tax calculation for salaried individuals can be quite complex. Often, incorrect tax calculations lea
Reliance Foundation secures major win as ITAT overturns cancellation of charity registration
Reliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its M
Income tax burden reduction over 12 years reflects 'Ramrajya', government says
A government booklet marks Narendra Modi's tenure as India's longest-serving Prime Minister. It highlights tax reduction
Tax evasion' case: Anil Ambani gets interim protection from coercive action under Black Money Act
The Bombay High Court noted that an assessment order against Anil Ambani has already been passed and that he has filed a
Court allows ED access to SFIO documents in CMRL pay-off case
Ernakulam Additional District and Sessions Judge Suresh Babu V.P.M. allowed a petition filed by the ED seeking copies of
A home loan EMI calculator is a free online tool. You enter your loan amount, interest rate, and tenure, and it gives yo
17th Annual Healthcare Super Brand Awards 2026 Redefines Global Healthcare Excellence in Mumbai
17th Annual Healthcare Leadership Summit & Awards 2026 on Friday, June 5, 2026, at the Hotel Mumbai International Airpor
Paying tax won't legitimise cash stashes
The taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Inco
Capital Gain Tax Exempted For Foreign Investors
Since Parliament is not in session, the government promulgated an ordinance through an executive order to amend the Inco
Government Offers Tax Exemption on Securities Investments for Foreign Investors
New Delhi, June 5: The central government announced on Friday that foreign institutional investors (FIIs) and the Bank f
Govt exempts foreign investments in G-secs from capital gains tax, issues Ordinance
NEW DELHI, June 5:In a bid to attract dollar inflow, the government has scrapped long-term capital gains tax on investme
Congress general secretary (communications) Jairam Ramesh cited media reports claiming that the Centre was considering a
At 15, Vaibhav Sooryavanshi Has Rs 7 Crore. But Do Minors Pay Income Tax?
As per tax experts, the Income Tax Act contains clubbing provisions that add a minor child's income to the income of the
Modi Govt In Panic Mode On Current Economic Situation: Cong
NEW DELHI, Jun 4: The Congress on Thursday claimed the Modi government is in panic mode and under siege from within its
June 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, advance tax payme
TDS credit must be allowed even without income tax return, says Income Tax Appellate Tribunal
The Income Tax Appellate Tribunal has ruled that tax deducted at source credit cannot be denied once income is taxed. Th
After raiding premises linked to former Kerala Chief Minister Pinarayi Vijayan, his son-in-law and former minister Moham
Income Tax Department enables online ITR-2 filing for AY27
Online filing and Excel utility for ITR-2 for AY 2026-27 are now enabled on the e-filing portal, says Income Tax Departm
west-bengal-women-s-welfare-scheme-annapurna-bhandar-application-forms-out-here-s-who-will-benefit
The much-awaited forms for the women's welfare scheme Annapurna Bhandar were launched by the new BJP government in West
MRL Money Laundering Probe: Pinarayi Daughter's Firm Under Lens
The company of Veena, Exalogic Solutions Private Limited (a one-person company), received fraudulent payments totalling
IT dept enables online ITR-2 filing for AY27
NEW DELHI, May 27: The Income Tax Department on Wednesday enabled online filing of ITR-2 for the assessment year 2026-27
URGENTLY REQUIRED SENIOR ACCOUNTANTS (MALE/FEMALE) FOR REPUTED CA OFFICE IN JAMMU REQUIRED SKILLS: CANDIDATES SHOULD BE
Income Tax Dept. holds awareness programme on Statements of Financial Transactions
ed-probe-linked-to-veena-vijayan-case-gets-major-boost-as-kerala-high-court-rejects-cmrls-petition
In a significant setback to Cochin Minerals and Rutile Limited (CMRL) as well as former Kerala CM Pinarayi Vijayan, the
Gujarat Chief Minister Bhupendra Patel approved sugarcane prices paid by cooperative societies to farmers. This decision
Supreme Court notice to Centre on plea highlighting vacancies in Income Tax Appellate Tribunal
Senior advocate Mukul Rohatgi, appearing for the petitioner, submitted all posts of officers, including registrars, that
Supreme Court notice to Centre on plea highlighting vacant posts in Income Tax Appellate Tribunal
The Supreme Court on Tuesday has asked the Centre to fill vacant posts across the Income Tax Appellate Tribunal. A bench