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 […]
Income Tax Recent News – 2025
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
Fresh Income Tax Bill brings clarity on taxation of rental income
After the Income Tax Bill was tabled in February, concerns mounted among homeowners regarding the computation of rental income from
Big relief for pensioners: Income Tax Bill 2025 brings full exemption on commuted pension
The Income Tax Bill 2025 passed in the Lok Sabha on Monday has brought great relief to government pensioners and
New Income Tax Bill 2025 tightens rules on digital access during search operations
The revised Income Tax Bill, passed in the Lok Sabha on Monday, introduces sweeping updates to Section 132 of the
New income tax law simplifies language, retains existing rates: Nirmala Sitharaman in Rajya Sabha
Finance Minister Nirmala Sitharaman on Tuesday told the Rajya Sabha that the central government has fulfilled its July 2024 budget
