Tax exemption on land taken for NH projects
People getting compensation for land acquired for national highway projects have been exempted from payment of income tax and stamp
Income Tax Recent News – 2026
Income Tax dept flags ‘commercial receipts’ in charitable registrations scrutiny
The Income Tax Department has issued thousands of notices to charitable trusts, trade associations, and educational bodies, questioning whether certain
TVK leader Vijay appeals against single judge’s refusal to strike down ₹1.5-crore income tax penalty
Actor-turned-politician C. Joseph Vijay of the Tamilaga Vettri Kazhagam (TVK) has filed a writ appeal before the Madras High Court
Income Tax dept foils land deal worth 23cr by suspected benamis in Hyderabad
Income Tax authorities have provisionally attached 4.4 acres of agricultural land in Gajularamaram after an attachment order held that five
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
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.
