After checks on SROs, taxmen ask individuals to file correct Income Tax returns
After a series of checks on the sub-registrar offices (SROs) of properties and cooperative banks, which revealed major under-reporting of […]
Income Tax Recent News – 2025
₹18 lakh tax demand quashed: How misclassification of land can trigger and cancel I-T notices
A routine land purchase can sometimes spiral into a tax nightmare — not because of wrongdoing, but because of how
KNR Constructions receives ₹72 crore income tax demand for AY 2007-08
Infrastructure firm KNR Constructions Ltd on Monday (December 15) said it has received an income tax demand of ₹72.03 crore,
ITAT Mumbai Grants Relief to NRI Taxpayer in Case of Alleged Unexplained Investment
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has allowed the appeal of a non-resident Indian (NRI) taxpayer and deleted
Over 2 lakh taxpayers claimed suspicious deductions of nearly ₹5,500 crore, says IT Dept
Over 1.4 lakhs taxpayers with suspicious claim of ₹4100 crore are on the radar of the Income Tax Department, official
India ‘strong champion’ for global tax transparency, says OECD official
India is a “strong champion” in implementing transparency measures against offshore tax evasion and its recent campaign asking taxpayers to
Income Tax Department cautions taxpayers against rise in fake emails, SMS scams
The Income Tax Department has issued a public advisory cautioning taxpayers, especially senior citizens, against fraudulent emails, SMS messages and
No Prosecution of Chartered Accountant for Issuing Form 15CB Certificates Without Knowledge of Forgery
The Hon’ble Supreme Court in the case of The Deputy Director V. Murali Krishna Chakrala [Special Leave Petition (Criminal) Diary
40% tax deduction applies only to income from long-term finance: SC
The Supreme Court has ruled that statutory corporations cannot claim a 40 per cent tax deduction under Section 36(1)(viii) of
Over 20 City-Based Techies Hiding Foreign Assets Under Income-Tax Scanner
Indore (Madhya Pradesh): This development may come as a shock to several city residents—particularly IT professionals—who have accumulated Foreign Assets
