Income Tax Department Uses Data Analytics To Flag Bogus Deduction Claims
The Income Tax Department (ITD) has detected cases involving wrongful tax relief and non-genuine deduction claims by using data analytics,
Income Tax Recent News – 2026
ITAT: Flipkart employee’s Rs 2.33 Crore ESOP buyback taxable as capital gains, not salary
Can money received from an Employee Stock Options (ESOPs) buyback be taxed as salary even if the employee never exercised
Automatic TDS refunds without ITR filing? Delhi High Court seeks Centre’s reply. Here’s why
The Delhi High Court has sought the Central government’s response to a public interest litigation (PIL) that challenges the requirement
Income Tax Department Releases ITR-5 Offline Utility for AY 2026-27
The Income Tax Department has released the Offline Utility for ITR-5 for Assessment Year 2026-27 on the e-Filing portal. The
Lok Sabha passes Bill to authorise Govt. to permit banks to levy charges on UPI transactions
Lok Sabha on Thursday (August 6, 2026) passed a Bill to amend the Payment and Settlement Systems Act, 2007 that
Strong tax collections, credit growth provide fiscal support; spending rationalisation may be needed: Report
The Centre is likely to retain a fiscal buffer in FY27 as buoyant tax collections and broad-based credit growth support
CBDT’s Nudge campaign results in 1.25 crore updated ITRs, ₹9,494 crore additional tax payment
The income tax department’s NUDGE campaign has resulted in 1.25 crore taxpayers filing updated or revised ITRs with payment of
Disputed tax demand down ₹16,690 cr since hike in monetary limit for filing appeals, LS told
The increase in monetary thresholds for filing tax dispute appeals at ITAT, high courts, and the Supreme Court has led
Capital gains tax: Telangana HC clarifies when builder delays won’t affect your Section 54F tax exemption
A delay by a builder in handing over a residential property cannot, by itself, deprive a taxpayer of the capital
Income tax on property sale: Gujarat HC quashes reassessment notice over ₹92 lakh land sale; here’s why
The Gujarat High Court has quashed a reassessment notice issued by the Income Tax Department in a long-running capital gains
