Interest demand notices: GCCI wants Income Tax Act amended
After a large number of taxpayers received interest demand notices on updated returns, the Gujarat Chamber of Commerce and Industry […]
Income Tax Recent News – 2025
Income Tax Department to use AI for monitoring bank accounts
The Income Tax Department has begun using Artificial Intelligence (AI) to monitor financial activities across bank accounts to detect any
Big relief for Yatharth Hospitals after I-T department orders release of attached properties, FDs
Shares of Yatharth Hospital and Trauma Care Services Ltd. will be in focus on Thursday, November 13, after the company
CBDT seeks clarifications from MeitY on proposed tax incentives for data centres
The Central Board of Direct Taxes (CBDT) has sought detailed clarifications from the Ministry of Electronics and Information Technology (MeitY)
UP housing board exempted from income tax
The Uttar Pradesh Housing and Development Board was declared a non-profit making govt body after the Central Board of Direct
Govt confident of meeting FY26 direct tax target despite likely STT shortfall
Even as collections from the Securities Transaction Tax (STT) may fall short of the budgeted target set for the fiscal,
Budget 2026: Govt to move the highest 30% tax rate to above Rs 50 lakh income under new regime? Industry makes this pitch
The preparations have begun for the Union Budget 2026-27, to be presented by Finance Minister Nirmala Sitharaman in Parliament on
Madras HC calls crypto ‘property’: Here’s what it means for investors
In a first, the Madras High Court has ruled that cryptocurrency qualifies as “property” under Indian law. The case stemmed
CBDT uncovers ₹9,169 cr bogus political donation racket involving RUPPs, CAs and intermediaries
The Central Board of Direct Taxes (CBDT) has unearthed an organised network involving Registered Unrecognised Political Parties (RUPPs), Chartered Accountants
Compensation For Delay In Flat Possession Not Taxable Under Section 50C, Rules Mumbai ITAT
In a significant ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that compensation received for
