New Income Tax assessment procedure: Notices, timelines, rules explained
With the start of the new financial year on April 1, 2026, updated Income Tax assessment rules have officially come […]
Income Tax Recent News – 2026
PhysicsWallah’s tax demand trimmed to ₹192.76 crore; appeal filed
Edtech firm PhysicsWallah Limited has secured partial relief in an income-tax dispute, with the tax demand for assessment year 2023–24
New ITR forms: NRIs will now have to separately disclose turnover and income under the new presumptive income scheme
The revised Income Tax Return (ITR) forms for AY 2026–27 now include dedicated fields to report income from businesses covered
ITAT: Co-owner tag alone can’t trigger tax addition
The Mumbai bench of the income tax appellate tribunal (ITAT) has held that merely being named as a co-owner in
TDS deadlines: How to issue certificates by April 14 and deposit tax by April 30
Tax Deducted at Source (TDS) deductors have key compliance obligations in April 2026, including issuing TDS certificates for February transactions
Income tax staff warn of nationwide agitation in April-May: ‘Pushed to the brink’ over work pressure, delayed promotions
Two major employee associations of India’s Income Tax Department have warned the government of a phased agitation starting April 16
Tax exemption on land taken for NH projects
People getting compensation for land acquired for national highway projects have been exempted from payment of income tax and stamp
Income Tax dept flags ‘commercial receipts’ in charitable registrations scrutiny
The Income Tax Department has issued thousands of notices to charitable trusts, trade associations, and educational bodies, questioning whether certain
TVK leader Vijay appeals against single judge’s refusal to strike down ₹1.5-crore income tax penalty
Actor-turned-politician C. Joseph Vijay of the Tamilaga Vettri Kazhagam (TVK) has filed a writ appeal before the Madras High Court
Income Tax dept foils land deal worth 23cr by suspected benamis in Hyderabad
Income Tax authorities have provisionally attached 4.4 acres of agricultural land in Gajularamaram after an attachment order held that five
