Average time for issuing Income Tax refunds hits three-year high in FY26
Investigation into bogus donations and fraudulent tax deductions caused unusual delays in tax refunds for the 2025-26 fiscal year, according […]
Income Tax Recent News – 2026
ITR-1 expands scope to include LTCG up to exemption limit; here’s what else has changed
With the government notifying Income Tax Return (ITR) forms for Assessment Year 2026–27, the filing season has effectively begun, giving
SMS Pharma Faces Rs 7.19 Crore Tax Demand in Income Under-Reporting Case
SMS Pharmaceuticals Limited has received an income tax demand notice of Rs 7.19 crore for the assessment year 2018–19, along
Income Tax notices rock insurance distribution ecosystem; ORC payouts under scanner
Income Tax Department has issued notices to a large number of insurance brokers and corporate agents, triggering fresh scrutiny across
CAG flags ₹74,766 crore tax impact from deductions claimed by banks, NBFCs
The Comptroller and Auditor General (CAG) of India has flagged a potential tax implication of ₹74,766.39 crore arising from exemptions
Income Tax rules 2026: Form 121 simplifies TDS process for senior citizens
From April 1, 2026, a host of income tax changes will come into effect under the new Income Tax Act, 2025. Among
New Income Tax rules from April 1: Here’s what analysts say about salaried employees
With the beginning of the new financial year from Wednesday, many significant income tax changes will come into effect which
Central Bank of India gets Rs 296 crore tax notice for FY25
State-owned Central Bank of India has received a tax demand notice of Rs 296.08 crore from the Income Tax Department
Spark Minda receives ₹67.09 crore income tax demand for AY24
Auto components maker Spark Minda on Sunday said it has received an assessment order from the Income Tax Department raising
How crypto investors can stay tax-compliant before March 31 deadline
As the March 31 financial year-end approaches, crypto investors should take a structured approach to tax compliance, with clear rules
