Income Tax Department to step up tax recovery drive, target ₹2.57 lakh crore in pending dues
The Income Tax Department is set to intensify tax recovery efforts in FY27, with the Central Board of Direct Taxes […]
Income Tax Recent News – 2026
Presumptive taxpayers get investment disclosure column alongside income reporting in ITR Forms
India’s presumptive tax regime, popular among small businesses and consultants for its low compliance requirements and ease of filing, now
SAT says income tax paid on unlawful gains cannot offset SEBI disgorgement
The Securities Appellate Tribunal (SAT) has held that income tax paid on alleged unlawful gains cannot be deducted from disgorgement
Delhi HC rejects PIL against tax exemption for agricultural income
The Delhi High Court on Wednesday rejected a PIL against the blanket exemption from tax liability given to agricultural income.
CBDT plans recovery drive for Rs 2.57 lakh crore tax arrears: Report
The Central Board of Direct Taxes (CBDT) is stepping up efforts to recover Rs 2.57 lakh crore in confirmed tax
7 income tax form changes in FY 25-26 that every taxpayers should know: From PAN Card to TDS forms
[1] Must know Income tax form changes The government has introduced a major overhaul of income tax forms under the
CBDT mulls inclusion of lower value account, pre-filling alerts on e-portal for foreign assets and income discloser
Taking positives out of the Nudge (non-intrusive usage of data to guide and enable) 2.0 campaign, the Central Board of
New income tax law makes filing simpler, more taxpayer-friendly: Chief Commissioner of Income Tax (IT & TP)
The government’s newly implemented Income Tax Act 2025 has made India’s tax system simpler, easier to understand and more taxpayer-friendly,
Supreme Court order turns up tax heat on old benami transactions
Old ‘benami’ deals — where housekeepers, chauffeurs, and nondescript persons with no wherewithal act as fronts to hold land, cash,
Lady took loan for investment into venture capital fund, claimed Rs 1.49 crore interest deduction, was denied by I-T dept; ITAT allows it in a landmark ruling
A lady from Juhu, Mumbai, submitted her income tax return (ITR) and claimed an interest deduction of Rs 1.49 crore
