Govt to introduce Bill to revamp digital payment charge rules, extend manufacturing tax incentives
The government plans to overhaul the legal framework governing charges on digital payments by amending the Payment and Settlement Systems
Income Tax Recent News – 2026
Over 5.9 crore income tax returns filed by July 31 for AY27 as deadline closes
More than 5.9 crore income tax returns (ITRs) were filed by taxpayers for the assessment year (AY) 2026-27 by July
1.54 lakh accounts in J&K Bank with no PAN, tax probe flags ‘systemic failure’
An Income Tax probe has found that 1.54 lakh accounts were opened with J&K Bank between 2021 and 2024 without
ITR filing 2026: What happens if you miss the July 31 deadline
With just one day left for filing income tax returns for Assessment Year (AY) 2026-27, taxpayers who are yet to
LG Electronics India gets ITAT order deleting ₹1,305 Cr tax additions
LG Electronics India Limited received a favorable order from the Income Tax Appellate Tribunal (ITAT) on July 29, 2026, which deleted
Declared Australian salary in Indian ITR by mistake? Delhi ITAT says it can’t be taxed under DTAA
A Delhi taxpayer who mistakenly reported his Australian salary as taxable income in his Indian income tax return (ITR) has
No assessment on whether higher tobacco taxes hurt farmers’ incomes: Govt
The Union government on Tuesday told Parliament that it does not have any assessment on whether higher taxation on tobacco
Income tax portal MSP penalised multiple times over delays, outages and service lapses: Government
The Centre has confirmed that the managed service provider (MSP) for the Income Tax Department’s e-filing portal has faced multiple
Billionaires in India rise fourfold to 576 in five years in 2025-26: Income tax return data
The Parliament was informed on Monday that up to 576 persons reported gross total income of Rs 100 crore or
ITR filing mistake: ITAT deletes ₹17.41 lakh penalty after CA firm’s affidavit proves clerical error
A Mumbai taxpayer has secured relief from a ₹17.41 lakh penalty after the Income Tax Appellate Tribunal (ITAT) held that
