Property dealer deposits ₹54 lakh cash, faces tax demand: Why Delhi ITAT ruled the money was not his taxable income
f A property dealer who deposited ₹54 lakh in cash into his bank account and did not file an income […]
Income Tax Recent News – 2026
Landlord lost ₹2.71 lakh TDS credit after SBI error; ITAT says tax department must give full credit
The Income Tax Appellate Tribunal (ITAT), Agra, has directed the tax department to give a landlord credit for the full
Mumbai Income Tax Tribunal deletes Rs 20 lakh tax addition over alleged cash payment for flat
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a Rs 20 lakh addition made to a
Tax Dept Probes 394 ‘Paper’ Firms Over Rs 1.29 Lakh Crore Foreign Remittances
The Income Tax Department has launched an investigation into 394 entities over foreign remittances, with action initiated on August 18,
Income Tax department officials discuss roadmap for improving services for taxpayers
Improving taxpayer services, reducing litigation, strengthening infrastructure and preparing an actionable roadmap for the Income Tax Department’s future functioning were
Income tax return for social media creators: Last date, ITR forms, GST obligations and more
Social media creators generally earn income through different platforms. A YouTuber may earn through AdSense, while an Instagram creator could
Rs 54 lakh cash deposit avoids taxation: Why property dealer won case
Tax officials regarded a Rs 54 lakh cash deposit into a property dealer’s personal bank account as unexplained income. The
Taxation, Payment and Settlement Systems amendment get President’s nod
President Droupadi Murmu has given her assent to the Taxation and Other Laws (Amendment) Act, 2026, and another law to
Income Tax officials discuss administrative, functional issues at Jaipur conference
Discussions were held on various administrative and functional issues of the Income Tax Department at a conference of its senior
NRI’s Dubai life insurance payout triggered ₹40 lakh tax dispute, why ITAT ruled in his favour
An Indian resident who bought a life insurance policy while working in Dubai has won a tax dispute after the
