Income Tax Department Cracks Down On Bogus Refund Claims Ahead Of Filing Deadline
The Income Tax Department has launched a nationwide crackdown on fraudulent exemption and deduction claims as the deadline for filing […]
Income Tax Recent News – 2025
First quarter direct tax collection: What do the numbers indicate
Direct Tax collection numbers at the first quarter stage (June Quarter) or at the end of any other quarter do
One TDS Mistake Cost Tenant Rs 1 Lakh Fine Despite Paying Rs 55k Regularly In Rent
A tenant received the tax penalty of Rs 1 lakh by the income tax department despite paying a regular Rs
Centre Eyes Rs 6 Lakh Crore from Cess and Surcharge in FY26, Up 10% Over FY25 – Details Inside
The central government has set an ambitious target to collect over ₹4.18 lakh crore from cess and more than ₹1.72
New Income Tax bill gives no new search powers, eases compliance: Baijayant Panda
The new income-tax bill does not grant any new powers to authorities on search and seizure, and significantly reduces ambiguities
No LTCG hike in draft Income Tax Bill, clarifies govt as rumours erupt
As the draft Income Tax Bill, 2025 undergoes parliamentary scrutiny, it has sparked concerns among tax practitioners about a possible
Karnataka MP says new amendment to Income Tax Act will impact services of Chartered Accountants
Member of Parliament G. Kumar Naik believes that the new amendment to the existing Income Tax Act proposed by the
Individual & HUF taxpayers beneficiaries of the majority of government tax deductions and exemptions
The government’s tax exemptions and deductions are increasingly weighted towards individual taxpayers rather than companies, according to the latest data
Rs 437 crore tax collection: For crypto traders, evading income tax is getting difficult as Tax Dept uses AI, data analytics tools
In India, avoiding taxes on bitcoin, cryptocurrencies, and other virtual digital assets is becoming increasingly difficult. The Income Tax Department
Big relief coming for taxpayers: THESE low-value income tax cases to be dropped soon
The central government is continuously working to simplify and streamline the tax system, aiming to reduce disputes. In this direction,
