Rs 400 crore agricultural income but no land: CBDT digs up names of rich ‘farmers’ without farms
The Central Board of Direct Taxes (CBDT) has detected several cases in which taxpayers claimed exemption on agricultural income despite […]
Income Tax Recent News – 2026
GCCI seeks 5% withholding tax for FPIs in proposed Income Tax Act
Warning that a high 20% withholding tax is weakening India’s edge in global debt markets, the Gujarat Chamber of Commerce
Mumbai man pays ‘Zero Tax’ on ₹5 crore land sale despite filing ITR late; why ITAT still gave tax exemption
In a recent update, a ruling by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has introduced big-time
ITR scrutiny alert: Salary, FD interest, other AIS mismatches you must avoid while filing Income Tax Return
As the Income-tax Department increasingly relies on automated data matching, AI-driven risk assessment, and system-based verification, taxpayers need to ensure
Crypto transactions in ITR: Key disclosure rules virtual digital asset investors should know
As cryptocurrencies and other virtual digital assets (VDAs) become increasingly popular among Indian investors, the Income Tax Department has tightened
Explained: Why income tax notices are rising and how you can avoid them
The Income Tax Department’s growing use of automated data matching and analytics is leading to a rise in tax notices
New capital gains tax rule: Why 12.5% rate isn’t always cheaper than the old 20% with indexation
At first glance, paying 12.5% tax instead of 20% sounds like an obvious win for property sellers. But in capital gains
Income Tax update: Why should you wait till 15 June before filing ITR?
As the income tax return (ITR) filing season for FY 2025–26 begins, many taxpayers may feel tempted to file their
SC to hear tax department plea against Vedanta relief in TDS dispute
The Supreme Court on Monday agreed to examine the Income Tax Department’s challenge to a Madras High Court judgment that
Income Tax update: What are common mistakes to avoid while filing ITR 3 and 4
Choosing the correct return form has become increasingly important this tax filing season, especially for taxpayers with business income, freelancing
