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,
Income Tax Recent News – 2026
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
TVS Srichakra Secures Major Reduction in Income Tax Demand for FY 2017-18
TVS Srichakra Limited has received a significant reduction in its income tax demand for FY 2017-18 (AY 2018-19), following a rectification
Income Tax Dept Eyes Wider Crypto Reporting Net In FY27
The Income Tax Department is preparing to significantly tighten surveillance and reporting norms around cryptocurrencies and other Virtual Digital Assets
Fake income tax emails target Indians: Kaspersky warns of ‘SilverFox’ hacker attack
In December 2025, Kaspersky, a cyber security company, detected a wave of malicious emails which very closely resembled official emails
Bank balance disclosure made mandatory in ITR-4 for AY 2026-27
The Central Board of Direct Taxes (CBDT) has said a major compliance change is mandatory disclosure of bank balances under
MS Dhoni highest taxpayer as Income Tax Dept collects Rs 20,000 cr from Jharkhand-Bihar in FY26
The Income Tax department’s total collection from Jharkhand and Bihar during 2025-2026 was around Rs 20,000 crore, a senior Income
UltraTech Cement gets ₹808.78 crore tax demand for FY24; to file appeal
UltraTech Cement Limited on Wednesday said it has received an income tax assessment order raising a demand of ₹808.78 crore,
High-level banking panel may review bond taxation, securitisation to bridge SME credit gap
The high-level banking committee announced in Budget 2026 will focus on expanding the secondary market for financing small and medium
Pay Income Tax via UPI: Don’t Get Stuck at ₹1 Lakh, NPCI Allows Up to ₹5 Lakh Per Day
As the tax season intensifies, many taxpayers are discovering they can bypass the traditional “net banking” hurdle. While the standard
