Income tax department raises demand notice for Rs 204 crore on TMB
The income tax department has raised a demand notice for Rs 204 crore on the Tamilnad Mercantile Bank (TMB) for
Income Tax Recent News – 2026
No Legal Definition Of HNIs Under Income Tax Law: Government
The government has clarified that there is no specific legal definition of High Net Worth Individuals (HNIs) under the Income-tax
Financial year ending soon: Key tax tasks to wrap up before March 31
With just two weeks left before the financial year ends on March 31, taxpayers still have a short window to
WhatsApp chats lead to Rs 22.5 crore tax demand for a taxpayer – ITAT ruling clarifies what counts as evidence
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi struck down a Rs 22.5 crore tax addition made
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
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
