Why disclosing foreign ESOPs in ITR matters: Here is the recent ITAT ruling
In a recent ruling on non-disclosure of foreign Employee Stock Option Plan (ESOP) shares, the Chennai bench of Income Tax […]
Income Tax Recent News – 2026
360 ONE WAM, subsidiary face ₹336 crore tax demand for FY18–FY25 block period
Wealth and asset management firm 360 ONE WAM Ltd on Tuesday (April 21) said the company and its wholly owned
SOP issued for verification of assets declared by candidates during elections, Income-Tax departments tells Madras High Court
The Income Tax department on Monday (April 20, 2026) informed the Madras High Court of a Standard Operating Procedure (SOP)
ITR rules 2026: New assessment changes may impact your refund and notices
[1] Income tax assessment: What it means for your ITR in 2026 Income-tax assessment is the process where the tax
No more Form 15G or 15H: 10 things to know about Form 121 if your tax liability is nil
If your income falls below the total taxable limit and you are not liable for any tax liability, you can
PAN rules explained: Here’s when it’s mandatory for your transactions
Quoting a Permanent Account Number (PAN) is no longer a formality in several high-value transactions but a regulatory requirement that
Missed tax break on property sale? ITAT allows Section 54 in reassessment
A recent ruling by the Income Tax Appellate Tribunal (ITAT) has offered relief to taxpayers who failed to claim capital
What happens if your employer deducts TDS but doesn’t deposit it with govt? ITAT ruling brings clarity
Imagine checking your Form 26AS and realising that the tax deducted from your salary never actually reached the government. Worse,
Delhi High Court says share buybacks aren’t income, offers big tax relief to companies
In a major relief for India Inc, particularly for companies that rely on buybacks as a legitimate capital allocation strategy,
Retrospective jurisdiction fix triggers fresh tax disputes
A retrospective amendment to the Income Tax Act, 1961, clarifying the role of the Jurisdictional Assessing Officer (JAO) vis-à-vis the
