Government sees challenge in meeting FY27 direct tax collection target
Direct tax collections grew 5 percent in FY26, well below the revised budget estimate of 11 percent, prompting the government […]
Income Tax Recent News – 2026
Government Introduces Comprehensive Income-tax Rules, 2026 Compliance Framework for Post Office Transactions; Forms 15G & 15H Replaced, PAN-Based Reporting and High-Value Transaction Monitoring Strengthened Across India Post Network
The Department of Posts, Ministry of Communications, has issued SB Order No. 02/2026 dated April 27, 2026 regarding implementation of
Income Tax appellate body upholds rejection of Paisabazaar’s Rs 145.91 crore expense claim
Paisabazaar, the digital lending arm of PB Fintech, has received an order from the Commissioner of Income Tax (Appeals) (CITA)
RTI can’t be used to access husband’s Income Tax returns: Delhi HC
The Delhi High Court has held that a husband’s income tax returns constitute “personal information” and are exempt from disclosure
Company’s income not taxable in shareholders’ hands: HC
The Delhi High Court has ruled that shareholders, even if they hold 100% equity, own only shares and not the company’s assets,
Rs 1 crore gold seized from taxpayer during search with no purchase bills — can it be taxed? ITAT ruling explains
A recent ruling by the Income Tax Appellate Tribunal (ITAT) has once again highlighted how Indian tax laws recognise the
Sebi Urges CBDT to Allow Safer ‘Authorised Signatories’ Route for FPIs
In a growing tussle between regulators, the Securities and Exchange Board of India (Sebi) has proposed to the Central Board
Mismatch between IBC and tax law clouds loss carry-forward benefits
A growing conflict between insolvency law and tax rules is creating fresh uncertainty for companies undergoing resolution, with tax authorities
Cash gifts from family can be taxed if source, creditworthiness not proven, rules ITAT
Large cash transactions within families often come under the scanner of the income-tax department, especially when the source and financial
Sunetra Pawar gets relief: ITAT quashes ‘undisclosed income’ of Rs 32 crore
In her capacity as legal heir of her late husband, deputy CM Sunetra Ajit Pawar has secured relief from the
