Government in ‘wait and watch mode’ as markets continue to tumble
There is a growing clamour for the government to intervene to arrest the fall in the equity markets. Some of […]
Income Tax Recent News – 2025
‘New tax code: Simplification is an unfulfilled promise’
The recently introduced Direct Tax Code 2025 aimed to simplify India’s tax regime as taxpayers long-sought more clarity and ease.
Mankind Pharma receives ₹111.68 crore Income Tax demand, plans to appeal
Pharmaceutical firm Mankind Pharma Ltd on Friday (February 28) said it has received a ₹111.68 crore tax demand from the
E-commerce firm MSTC gets ₹105.55-crore income tax demand
Government-owned e-commerce service provider MSTC Ltd on Friday (February 28) said it has received a ₹105.55-crore demand notice from the
Delhi HC declines to entertain NewsClick plea over I-T dept’s ₹19 crore order
The Delhi high court on Friday refused to entertain a plea filed by the news portal NewsClick challenging the Income
Tax evasion crackdown: Haircuts to household spending – Low fund withdrawals on I-T dept’s radar
The Income Tax Department is keeping a very close watch on low fund withdrawals by some individuals, an Economic Times
Claimed 87A tax rebate for capital gains? Income-Tax Dept sending demand notices
Tax rebate under Section 87A helps taxpayers lower their tax liability under both tax regimes – old and new. Before
Delhi HC denies capital gains tax exemption u/s 54F claim by a widow who bought two non-adjacent flats in Noida
A widow reinvested the money received from sale of a plot of land situated in Jaipur in AY 2013-14 (FY
Number of individuals filing ITR with income more than ₹1 cr surged 43% in FY25
Number of individual income tax return (ITR) filers has jumped over 43 per cent in fiscal year 2024-25, data till
Experts seek clarity on new Income Tax rules for NPOs
While the Income Tax Bill, 2025 has consolidated the tax laws governing non-profit organisations (NPOs), tax experts have sought more