Gross taxable income should be basis of calculating compensation: HC
Punjab and Haryana high court has made it clear that even a BSF soldier’s dress allowance and soap allowance, along […]
Income Tax Recent News – 2025
Why income tax refunds are slower this year
Income-tax refunds for assessment year 2024–25 are taking longer than usual, even for straightforward salary cases. Experts attribute the slowdown
Replacing individual Income Tax with individual Receipts Tax
One of the great advantages touted for levying income tax is that it is a ‘progressive’ tax – the rate
Big income tax benefits under new labour laws: How revised wage definition works in your favour
The Modi government last month implemented the 4 Labour Codes, which, among several other things, are expected to reshape how
From AIS mismatches to capital gains confusion: Biggest tax mistakes of 2025
As taxpayers gear up for the 2026 filing season, financial experts say the most common mistakes seen in 2025 were
ITAT Kolkata Grants Relief to Employee in Case of Undeposited TDS; Reiterates Protection Under Section 205 of the IT Act
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has delivered an important ruling providing relief to a salaried taxpayer who
CBDT identifies undisclosed virtual digital assets worth Rs 889 crore; Here’s how to report earnings from crypto in ITR
The Central Board of Direct Taxes (CBDT) has identified undisclosed income worth Rs 888.82 crore from virtual digital assets (VDAs)
Cash at home and the 84% tax buzz: What the new rules actually mean
The buzz of a steep “84 per cent penalty” on cash lying at home has triggered anxiety among some taxpayers.
Gujarat High Court Rules Disability Pension Exempt from Income Tax Even After Voluntary Retirement; Directs Refund with Interest
The Gujarat High Court has delivered a significant judgment upholding the right of ex-servicemen to claim income-tax exemption on disability
Income Tax Department Issues Fact-Check To Alert Citizens Against Fake E-Mails Asking People To Download E-PAN Card
The Income Tax Department has issued a fact-check to alert citizens against fake e-mails asking people to download e-PAN card,
