New TDS rules from April 01, 2025: How will investors, senior citizens benefit
The new Tax Deducted at Source (TDS) rules announced in Budget 2025 will take effect from April 1, 2025. The […]
Income Tax Recent News – 2025
Nearly 5 Lakh Taxpayers Have Reported Income Over Rs 1 Crore Till February 2025: ITR Data
ITR data showed that roughly 3.89 lakh taxpayers reported an income between Rs 1 crore and Rs 5 crore. More
FY25 advance tax mop up rises 14%, led by personal Income Tax segment
Boosted by strong growth in personal income tax-led non-corporate segments, advance tax collections in 2024-25 rose over 14 per cent,
MNCs stare at tax notices over corporate guarantees extended to Indian subsidiaries
The Income Tax Department has issued notices to at least a dozen multinational companies (MNCs) operating in India, demanding additional
Income Tax Department digs deep, explores unusual sources for info gathering
Tax authorities are going to unprecedented levels in using the provision of the law that allows it to collect information
CBI Launches Separate Investigations Against 2 Income Tax Officers Over Alleged Bribe Demands
The CBI has launched investigations against two Income Tax (I-T) officers in two separate cases of alleged graft. In the
Income Tax tightens scrutiny on capital gains exemption abuse
The income tax authorities have uncovered instances of taxpayers exploiting the capital gains exemption provisions under section 54F of the
Planning to submit fake rent receipts to claim HRA? Here’s how Income Tax dept catches fraudsters
Salaried employees in India claim tax benefits under House Rent Allowance (HRA) by submitting rent receipts. However, in an attempt
Income Tax Dept Cracks Down On ₹4,500 Crore Dubious Political Donations, Sends Notices To 9,000 Donors
The Income Tax (IT) department has cracked down on dubious political donations, issuing several hundred notices with a long list
Advance tax: March 15 is deadline of last instalment; what penalty will you pay if you miss it
The Income Tax Department has issued a reminder that the final installment of advance tax for the financial year 2024-25
