Supreme Court Refuses Plea Over ‘Invasive’ Seizure Powers For Tax Officials
The Supreme Court on Monday refused to hear a public interest litigation, or PIL, against a new law allowing Income […]
Income Tax Recent News – 2026
Reinvested foreign ESOP dividends leading to under-reporting of overseas income in tax returns
Dividends on foreign shares issued under employee stock ownership plans (ESOPs) are increasingly leading to under-reporting of foreign income and
Income Tax Department Detects ₹408 Crore Sales Suppression in Nationwide Restaurant Survey; Launches ‘SAKSHAM NUDGE’ Campaign Urging 63,000 Restaurants to Update Returns Before 31 March 2026
The Income tax Department carried out investigation relating to tax evasion pattern in Food & Beverage sector in November 2025.
Meesho receives ₹1,500 crore income tax demand for FY23; plans to challenge order
Ecommerce marketplace Meesho has received an income tax demand of about ₹1,500 crore for the assessment year (AY) 2023–24, the
ITAT Quashes Reassessment Against Lalit Modi, Says Parallel Proceedings Under Income Tax Act Impermissible
The Income Tax Appellate Tribunal (ITAT) has quashed a reassessment order passed against former IPL commissioner Lalit Kumar Modi for
New draft Income tax rules may double your exemption limit; Rs 30 lakh salaried earner could save Rs 1.72 lakh a year
The Income Tax Department has released the Draft Income Tax Rules, 2026, which, once approved, will apply from FY 2026–27.
CIC urges Income Tax dept to ‘institutionalise a taxpayer-friendly mechanism’, highlights grievance redressal issues
The Central Information Commission (CIC) has recommended that the Income Tax Department “institutionalise a taxpayer-friendly mechanism”, highlighting that taxpayers frequently
Advance tax payment final deadline on March 15: Who must pay and what happens if you miss it
The final deadline to pay advance tax for FY 2025–26 is March 15. Taxpayers whose total tax liability exceeds Rs
‘Special 26’ drama in Wardha: 2 fake income tax officers nabbed
In a real-life twist reminiscent of a Bollywood movie ‘Special 26′-style operation, two youths posing as income tax officers were
SBI Life FY22 tax demand slashed from ₹5,317 crore to ₹471 crore by Income Tax Dept
SBI Life Insurance Company Ltd on Wednesday (March 4) said the Income Tax Department has reduced its tax demand for
