Received a fake income tax call? Key warning signs and tips to protect yourself
As the tax filing season picks up, scammers are getting more active and creative. Across the country, several taxpayers have […]
Income Tax Recent News – 2025
Income Tax dept yet to rectify 59,352 cases with Rs 6,000 cr tax effect: CAG
The Comptroller and Auditor General of India (CAG) on Monday said the income tax department recovered ₹3,588.79 crore from demands
ITR filing; Tax rebate on short-term capital gains: ITAT ruling opens a window
The ambiguity over whether small taxpayers’ special rate income – particularly, short-term capital gains tax – will be eligible for
Karnataka HC rejects income tax appeal against Sony India software centre
The Karnataka High Court dismissed an Income Tax Appeal filed by the Income Tax Department against Sony India Software Centre
ITR Filing Deadline Extension Sought Due to Form 26AS, AIS Issues and System Errors: GCCI
The Gujarat Chamber Commerce & Industry (GCCI) has asked for an extension for the income tax return (ITR) deadline since
When Joint Ownership Turns Risky: Spouse Faces Tax Notice Over Partner’s ₹6.75 Crore Property Purchase
A recent Bombay High Court ruling has provided significant relief in a joint property ownership tax dispute. The case involved
Bogus trusts suspected of laundering CSR funds uncovered in I-T raids, search set to widen
The Income Tax Department has uncovered a CSR-linked suspected money laundering network where several companies allegedly channelled their mandatory Corporate
Definition of computer system to be wider under Income Tax Bill: FM
With digital data being stored in varieties of devices, the Finance Ministry will be widening the definition of the ‘computer
Government clarifies Rs 75,000 standard deduction in New Tax Regime for salaried employees
The Government has introduced amendments to the Income Tax Act, 1961, aimed at clarifying the standard deduction of Rs 75,000
Akzo Nobel India Receives Favorable Order: Tax Demand Annulled; Relief of ₹11.19 Lakhs
Akzo Nobel India announced it received an appeal order dated July 9, 2025, from the CESTAT, Chandigarh, which completely set
