Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling
With the Supreme Court ruling against Tiger Global clearing the way for tax recovery, the Income Tax Department is set […]
Income Tax Recent News – 2026
Gujarat State Petronet receives tax rectification order; FY24 assessed income cut to ₹1,435 crore
Gujarat State Petronet Limited said on Friday, April 10 that it has received a rectification order under Section 154 of
Income Tax Department Launches TDS TRACES 2.0: Key Features And Benefits For Taxpayers
The Income Tax department rolled out the new TRACES (TDS Reconciliation Analysis and Correction Enabling System) 2.0 platform last week.
The digital divide: ITAT gives a second chance to taxpayer
Highlighting the impact of the digital divide in tax administration, the Income Tax Appellate Tribunal (ITAT) has granted relief to
Income Tax Wing Disposed of 2.22 Lakhs Appeals Last Financial Year, 29pc More Compared To Previous Fiscal
The government on Friday said that the income tax department disposed of 2.22 lakh appeals during the last financial year,
AI-powered Kar Saathi launched for filing taxes: Features, access explained
The government has launched Kar Saathi, an AI-powered assistant designed to simplify income tax return (ITR) filing and taxpayer queries.
CBI registers case against 3 Income Tax officials in Khordha over bribery allegations
A bribery allegation involving three Income Tax officials in Khordha has led to the registration of a case by the
Planning to apply for PAN? New forms 93-96 now in effect from April 1, 2026; know the breakdown
Taxpayers applying for a Permanent Account Number (PAN) from April 1, 2026, will need to follow a revised application framework,
Can a co-owner claim tax benefits under Sections 80C and 24(b) even if they are not contributing to EMI repayment?
Buying a home jointly is a common strategy among families, often used to improve loan eligibility and optimise tax benefits.
Tax experts seek CBDT master circular to resolve legacy guidance issues
With the rollout of the Income-tax Act, 2025, tax experts have urged the Central Board of Direct Taxes (CBDT) to
