Shilpa Shetty gets Rs 12.54 crore gift from Raj Kundra, his income Rs 27.71 lakh; tax dept flags mismatch – what ITAT said
A Rs 12.54 crore gift received by actor Shilpa Shetty Kundra from her husband Raj Kundra has come under tax
Income Tax Recent News – 2026
March 31 deadline: How health insurance can optimise your income tax outgo
As the financial year nears its close, individuals typically rush to lock in last-minute tax-saving investments. Among the available options,
CBDT updates perquisite valuation for salaried employees in new Income-tax Rules 2026
The Central Board of Direct Taxes (CBDT) has officially notified the Income Tax Rules, 2026, introducing updated frameworks for the valuation
State Bank of India (SBI) faces massive tax demand of ₹6,338 crore
India’s largest lender State Bank of India (SBI) has been served a demand notice of ₹6,338 crore by the Income
New Income Tax Act to cut litigation, simplify compliance: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Friday, March 20, said the new Income Tax Act seeks to significantly reduce litigation and
Last chance to fix ITR errors: How ITR-U works and who can file to report missed income
Have you missed reporting income or made mistakes in your Income Tax Return (ITR)? There is still a window to correct it.
This tax strategy lets you turn losses into tax savings before year-end
As the end of the financial year approaches, tax planning comes into focus for long-term capital gains (LTCG) from listed
Charitable trusts get Bombay HC relief in registration dispute with I-T department
In a significant relief to charitable trusts, the Bombay high court has held that registration under Section 12AB of the
Physicswallah receives Rs 263.34 crore income tax demand notice
Edtech firm Physicswallah has received an income tax demand notice of Rs 263.34 crore for the assessment year 2023-24. The
Advance tax collections rise 6% in FY26 despite fall in non-corporate taxes
Even after de-growth in mop-up from non-corporate tax (NCT) assesses, advance tax collection, after all the four instalments, rose by
