Income–Investment Mismatch Can Invite Tax Department Scrutiny
A woman who declared just Rs 4.81 lakh income in her Income Tax Return (ITR) faced a major tax setback […]
Income Tax Recent News – 2026
Red flags in corporate tax revenue
The new corporate tax regime, launched in 2019, had delivered a massive cut in corporate tax with effective tax rate
No jail for TDS, ITR lapses? BCAS urges govt to fully decriminalise technical errors
The debate over criminal prosecution for tax defaults is back in focus. In its post-Budget representation on the Finance Bill,
From combined penalty orders to MAT credit, CA body urges changes in Finance Bill 2026
The Bombay Chartered Accountants’ Society (BCAS) has submitted a post-Budget representation to the Finance Ministry, flagging concerns and suggesting amendments
Charitable trusts challenge Income Tax dept’s irrevocability clause
Scoffing at a seemingly absurd demand from the tax office, India’s public charitable trusts have moved the court. They are
Woman receives Rs 33 lakh property as gift, gets tax notice: ITAT explains when a gift becomes taxable
A woman with an annual income of just Rs 3.4 lakh received a property worth Rs 33 lakh through a
CAs flag SGB tax change, dividend rules in post-Budget memo
A chartered accountants’ body has raised concerns over several tax proposals in the Finance Bill, including changes affecting Sovereign Gold
Income Tax Notices On The Rise: Most Common Red Flags That Get Taxpayers Scrutinised
Dozens of senior executives earning over Rs 50 lakh annually have recently received income tax notices after the Income Tax
LoP in LS Rahul Gandhi urges FM Nirmala Sitharaman to withdraw tax on disability pensions, boost ECHS funds
Leader of the Opposition in the Lok Sabha, Rahul Gandhi, on Saturday wrote to Finance Minister Nirmala Sitharaman, urging the
Retd income tax officer gets 4 years in jail for taking Rs 15,000 bribe
Adjudicating a seven-year-old graft case, a special Anti-Corruption Bureau (ACB) court in Rajkot sentenced an income tax officer, now retired,
