CAG flags Rs 40,178 crore tax relief over missing PAN, fake entry
A recent audit report of Comptroller and Auditor General (CAG) has flagged serious compliance gaps in bad debt claims by […]
Income Tax Recent News – 2026
Vegetable vendor’s Rs 2.96 crore withdrawals, Rs 45 lakh deposits under tax dept radar after no ITR; ITAT steps in
A recent ruling by the Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has raised an important question for taxpayers dealing
Fake Income Tax officers arrive to scam UP shopkeepers, handed over to police
A gang posing as Income Tax officials has been busted in Uttar Pradesh after shopkeepers in Ghazipur’s Shadiyabad market alerted
Tax Setback for GSK as IT Dept Raises Rs 2.01 Crore TDS Demand
GlaxoSmithKline Pharmaceuticals (GSK) Limited has received a final assessment order from the Income Tax Department raising a total TDS demand
FY26 tax revenue target seen missed by a modest margin
The Union government might have missed the gross tax revenue target (revised estimate) of Rs 40.77 lakh crore by a
Delhi High Court asks CBDT to clarify tax on partners’ bonuses, stays recovery
India’s apex authority has been told by the court to step in amid a flurry of orders across the country
UP farmer claims identity misuse after receiving ₹14.66 cr tax notices
Budaun , A farmer in Budaun district of Uttar Pradesh was left stunned after receiving tax notices of ₹14.66 crore,
SEBI Proposes To Reintroduce Open Market Buybacks Following New Income Tax Reforms
The Securities and Exchange Board of India (Sebi) has proposed to bring back open market share buybacks through the stock
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
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
