Employees of MNCs, PSUs and govt depts under scrutiny for fake tax deduction claims, inflated refunds
In a major nationwide crackdown, the Income Tax Department has turned its attention to employees of multinational companies (MNCs), public […]
Income Tax Recent News – 2025
ITR Filing FY 2024-25: Revised Deadlines, Penalties And Key Updates
The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return (ITR) filing due date for AY 2025-26
Parliamentary Committee scheduled to adopt report on new Income Tax Bill on Thursday
A Parliamentary Committee is scheduled to meet on Thursday to adopt report on new Income Tax Bill. Meanwhile, the government
IT Tribunal allows Section 80P deduction for late ITR filing: What it means for cooperative societies
The Income Tax Appellate Tribunal (ITAT) Rajkot Bench has ruled that a cooperative society can claim a tax deduction under
Cash deposits made during demonetisation not taxable if disclosed, rules IT Tribunal
Cash deposits made during the 2016 demonetisation period are not liable for additional tax if they were already recorded in
Average Income Tax Refund Time Drops From 93 Days In 2013 To Just 17 Days In 2024: CBDT Data
The average number of days it takes for taxpayers to get refunds from the Income Tax Department in India has
Income Tax refunds up 6x in 11 years at ₹4.8L crore
The income-tax department has issued ₹4.76 lakh crore in refunds in FY25, a staggering increase from ₹83,008 crore in FY14,
Tax dept launches multi-city raids over fake political donation, medical and tuition fee claims
The Income Tax Department on Monday, July 14, launched multi-city raids targeting entities and individuals allegedly involved in helping taxpayers
Taxman makes it easier to file disclosures, returns on ‘undisclosed income’ found in raids
Received a notice under Section 158BC of the Income Tax Act? The Income Tax Department has now enabled the online
After Sebi’s ban, Jane Street may face a probe by Income Tax Department: Report
Days after the Securities and Exchange Board of India barred US-based trading giant Jane Street over market manipulations, there are
