2.1 million individuals now have tax liability above Rs 5 lakh
The share of individual return filers with annual tax liability of Rs 5 lakh and above has shown a consistent […]
Income Tax Recent News – 2026
Maruti gets ₹5,786 cr income tax order; to challenge before dispute resolution panel
Maruti Suzuki India (MSI) on Tuesday said it has received a draft assessment order worth ₹5,786.4 crore from the income
Income tax return filing: Key errors to avoid when reporting overseas assets in ITR
As the financial year approaches its close on March 31, taxpayers with overseas financial interests may need to pay close
Tax department flags ITR discrepancies for high-income employees: What you should do
Many high-income salaried employees are receiving Income Tax intimations, asking them to correct discrepancies. Tax experts say that even in the previous years, the
New income tax rules from April 1, 2026: 10 major changes every taxpayer should know
A new set of income-tax rules will come into force from April 1, 2026, replacing the existing Income-Tax Act, 1961.
Joint filing of Income-tax Returns for married couples: Issue proposed in Parliament
Rajya Sabha member Raghav Chadha on Monday, March 16, 2026, urged the government to introduce an optional joint filing of
Tata Consumer receives ₹98 crore income tax demand for FY23, to challenge order
Tata Consumer Products Ltd has received an income tax (IT) demand of about ₹98.03 crore following an assessment of the
Surge in cyber frauds linked to ITR filing, tax refunds
As the financial year draws to close and taxpayers start filing their Income Tax Returns, authorities have cautioned citizens against
Relief for crypto traders: ITAT deletes tax addition over inconsistent assessment
In a ruling which can bring relief to lakhs of cryptocurrency traders facing income tax demands, the Income Tax Appellate
Supreme Court Declines Revenue Appeal In DLF Tax Dispute Over Rs 80.66 Crore Disallowance
The Supreme Court dismissed a Special Leave Petition filed by the Revenue against DLF Home Developers Ltd., bringing an end
