April 2025: Money-related tasks you need to complete in the first month of new fiscal FY26
In India, the financial year (FY) begins on April 1 and ends on March 31. This signifies that April commences […]
Income Tax Recent News – 2025
CBDT recovers Rs 92,400 crore in outstanding tax
The Central Board of Direct Taxes (CBDT) recovered ₹92,400 crore in outstanding tax in this financial year (2024-25) till March
India to scrap 6% equalisation levy on digital ads, leading to revenue loss
The Indian government has removed the 6 per cent equalisation levy on online advertisements starting April 1, 2025. This move
ICICI Lombard faces ₹3,453 crore tax demand from Income Tax Department
ICICI Lombard General Insurance has received an Order under Section 143(3) read with Section 147 of the Income-tax Act, 1961
Niva Bupa Health Insurance faces ₹16 crore tax demand
Niva Bupa Health Insurance Company has received a Notice of Demand under Section 156 read with Section 143(3) of the
Dabur India faces ₹110.33 crore income tax demand, plans appeal
Dabur India Ltd. has disclosed that it received an income tax re-assessment order demanding ₹110.33 crore for the financial year
Finance Act, 2025 notified, punitive tax on undisclosed income only, with effect from Sept 1, 2024
With the enactment of the Finance Act 2025, income tax assessees facing issues related to income discovered during search proceedings
Deepak Fertilisers Unit Gets Rs 252.52 Crore Tax Demand, Appeals To ITAT
Deepak Fertilisers & Petrochemicals Corp.’ subsidiary, Mahadhan AgriTech Ltd., received a tax demand notice of Rs 252.52 crore from the
Bosch receives over Rs 20 crore tax demand notice from Income Tax dept
Germany-based technology and services firm Bosch Limited on Monday said it had received a tax demand of more than ₹20
Failure to deduct tax under Section 194-IA may deem transferee as default
The Income Tax Department has released a new brochure outlining Tax Deducted at Source (TDS) payment responsibilities for individual taxpayers.
