Employee files ITR using Form 16, gets Rs 51.2 lakh tax penalty; ITAT ruling offers key lessons for taxpayers
A taxpayer who claimed a tax exemption based on the details mentioned in his employer-issued Form 16 was hit with a steep […]
Income Tax Recent News – 2026
Tax cut alone may not revive foreign bond inflows into India, say experts
As capital outflows have erased nearly $38 billion from India’s foreign exchange reserves since tensions in West Asia escalated, reports
Income Tax Dept Says Only TRACES-Downloaded Form 16, 16A Valid For Income Tax Return Filing
Taxpayers are entering the Income Tax Return filing period for the current assessment year, with compliance and documentation linked to
Pune Income Tax Department Collects Rs 1.33 Lakh Crore, Sets Rs 1.60 Lakh Crore Target for FY27
The Pune Income Tax Department has recorded a strong performance in tax collection and recovered Rs 1,33,635 crore during financial
Aditya Birla Capital Receives Rs. 194.54 Crore Income Tax Demand for AY 2025-26
Aditya Birla Capital Limited has disclosed, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that
Amagi Media Labs Receives Income Tax Assessment Order with ₹17,91,09,474 Proposed Adjustment for AY 2023-24
Amagi Media Labs Limited has disclosed the receipt of an income tax assessment order carrying a proposed adjustment of ₹17,91,09,474 for
Registered sale deed sacrosanct, rules Income Tax Appellate Tribunal
A registered sale deed carries with it a formidable presumption of validity and genuineness. Registration is a solemn act that
CBDT eases PAN application norms for FPI onboarding after SEBI flags investor concerns to tax department
As a relief measure for Foreign Portfolio Investors (FPIs), the Central Board of Direct Taxes (CBDT), the top body of
‘Totally False’: PM Modi Fact Checks Report Suggesting Govt Mulling Tax On Foreign Travel
Prime Minister Narendra Modi has personally refuted a media report suggesting the central government was considering a tax or surcharge
‘Tax returns not sole basis’: Madhya Pradesh High Court hikes techie death payout by over 300% to Rs 1.42 crore
Madhya Pradesh High Court news: Holding that salary slips and employment records cannot be brushed aside merely because taxable income
