WITHDRAWAL OF “THE INCOME-TAX BILL, 2025” as reported by the Select Committee; Know the Reasons for withdrawal
The Government had introduced the Income-tax Bill, 2025 in the Lok Sabha on 13th of February, 2025 and on the […]
Income Tax Recent News – 2025
Over 44,000 emails/messages to taxpayers for not disclosing crypto investment and transactions
Union Finance Ministry told the Rajya Sabha on Tuesday that the Income Tax Department has sent over 44,000 emails and
Government likely to introduce the new Income Tax Bill in Parliament on August 11
A landmark moment in India’s economic history is on the horizon, as Union Finance Minister Nirmala Sitharaman is likely to
IT dept finds ₹30,444 cr undisclosed income in FY25, held 465 surveys
The Income Tax department has conducted 465 surveys, leading to detection of undisclosed income of Rs 30,444 crore in the
Evolve action plan to segregate business and individual income in personal income tax data: Parliamentary panel to I-T Department
A parliamentary standing committee has expressed strong dissatisfaction with the Income Tax Department’s refusal to provide segregated data for business
No tax exemption for fast-track demergers in new I-T bill, experts say will hamper ease of business
Experts have criticised the new tax bill for excluding fast-track demergers from tax-neutral treatment, saying the move contradicts the government’s
Jane Street under I-T dept scanner for potential tax violation via Singapore entities
The Income Tax (I-T) department is investigating whether Jane Street violated tax laws in India by booking profits via its
LTIMindtree wins I-T department’s PAN 2.0 project
The income tax department has selected mid-sized information technology firm LTIMindtree Ltd for its project to upgrade technology infrastructure for
Misled by tax consultant, employee faces Rs 1.15 lakh penalty — ITAT Pune steps in to reverse it
The Income Tax Department has flagged a growing trend of fraudulent tax deduction claims, prompting over 90,000 salaried employees across
Directors of firm convicted for failing to file income tax returns
The Additional Chief Metropolitan Magistrate-Economic Offences Wing-II (ACMM-EOW-II) has convicted a private company and its directors for wilful failure to