Income tax scrutiny rules explained: Why June 30 is an important date for ITRs
The Central Board of Direct Taxes (CBDT) has clarified the framework for compulsory scrutiny of income tax returns filed during […]
Income Tax Recent News – 2026
SC declines to entertain plea against tax exemption for Scheduled Tribes in Northeast
The Supreme Court on Tuesday declined to entertain a Public Interest Litigation (PIL) challenging the constitutional validity of the income-tax
Madras HC seeks centre’s reply on plea challenging retrospective income tax amendments: Reports
The Madras High Court has sought responses from the Union government and the Income Tax Department on a petition challenging
Why More Taxpayers May Receive Income Tax Scrutiny Notices This Year
Filing an income tax return is no longer just about reporting income and claiming deductions. It is increasingly becoming a
Capital gains tax relief for G-Secs not end of story, more foreign capital needed: FM Sitharaman
The government may consider additional measures to attract foreign capital, Finance Minister Nirmala Sitharaman indicated on June 15, saying recent
Revenue Bar Association challenges constitutional validity of various provisions of Finance Act, 2026
The Revenue Bar Association (RBA) in Chennai has filed a writ petition in the Madras High Court challenging the constitutional
New Income Tax Act mandates affidavit-backed statements during surveys
Taxpayers covered under Income Tax (IT) surveys will no longer be able to retract statements made to tax officials by
Property buyers beware: ITAT ruling highlights TDS pitfalls
A ruling by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has underscored the importance of understanding tax
Government announces tax exemption for FII investments in G-secs: All you need to know
In the last few months, the Indian Rupee has been hitting new lows regularly. Yields on the Government securities (G-secs)
Filed your ITR? Tax dept highlights 6 categories that could face scrutiny
The Income Tax Department has identified taxpayer categories whose income tax returns (ITRs) could be picked for compulsory scrutiny, signalling
