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    Income Tax News

    Arrested I-T officials took leave to join fake raid on bizman: Cops

    (Shutterstock)
    Cities
    Published 3 days ago

    Two I-T officials arrested over fake I-T raid at bizman’s office

    (Shutterstock)
    Cities
    Published 4 days ago

    Direct tax buoyancy above 1 for third financial year

    The government said tax reforms have aimed to simplify compliance, widen the tax base and strengthen revenue collection.
    India News
    Updated 9 days ago

    IT dept targets entities over suspicious foreign remittances in 3 yrs: Official

    On August 18, the department launched a nationwide detailed verification exercise to verify these foreign remittances, focussing on shell entities.
    India News
    Updated 28 days ago

    All bank deposits not automatically taxable income under Section 44AD: ITAT

    Section 44 AD provides a presumptive taxation system for eligible small businesses
    India News
    Updated 31 days ago

    Missed filing ITR by July 31? Here's how you can still file your return

    Missing the July 31 deadline comes at a cost.
    India News
    Updated 46 days ago

    Last day to file ITR today: Eligibility, step-by-step guide, ₹5,000 late fee

    The income tax return filing deadline is July 31.
    India News
    Updated 46 days ago

    ‘Don’t wait for last-minute rush': All you need to know as ITR deadline looms

    ITR Form 1, also called Sahaj, is a simpler forms that cater to a large number of small and medium taxpayers.
    India News
    Updated 47 days ago

    ITR filing deadline: 5 things taxpayers should know before July 31

    The countdown to the July 31 ITR filing deadline has entered its final stretch.
    India News
    Updated 48 days ago

    Afraid you’ll miss tax deadline? Don’t be

    Every taxpayer has an obligation to file ITR even if tax liability is nil. Missing the deadline has its own consequences.
    Business
    Updated 48 days ago

    India’s middle class grew sevenfold, but salary growth remained weak

    Efforts to formalise and widen the tax net are working. But, unless average wages go up for individuals, consumption will begin to drag.
    Opinion
    Published 48 days ago

    ITR deadline nears: Step-by-step guide to file return, avoid ₹5,000 penalty

    "Avoid the 31 July, 2026 deadline stress and file your ITR 1 & 2 early,” IT-Department said in a post on X.
    Business
    Updated 49 days ago

    576 Indians reported ₹100 cr+ income in AY 2025-26, up from 142 in 2021-22: Govt

    The Centre added that several indicators suggest improving economic inclusion.
    India News
    Updated 50 days ago

    Ludhiana: ₹2L misappropriated; accountant booked

    The accused has been identified as Pardeep Singh, a resident of the Kot Mangal Singh area. (HT FILE)
    Cities
    Published 51 days ago

    A look at most common income tax penalties as ITR filing deadline approaches

    The income tax department has shared different consequences for various defaults or irregularities in tax filing.
    India News
    Updated 53 days ago

    Employee says he paid ₹1 crore as tax in 14 years, got ‘no support’ after layoff

    An employee questioned lack of social security after being laid off.
    Trending
    Updated 57 days ago

    Received your Income Tax Refund? Here is how to make the most of it

    As July marks peak tax season, many receive their income tax refunds. This article reveals how to turn that refund into a financial game-changer. Rather than splurging, find out how to use this influx wisely to pay off debts, bolster your emergency fund, and invest for the future.
    Business
    Updated 64 days ago

    Income Tax Dept holds outreach programme in Gurugram on new tax Act, global taxation

    Officials gave presentations on key reforms, structural changes and procedural updates under the new Income-tax Act and Rules as compared to the Income-tax Act, 1961.
    Cities
    Published 109 days ago

    ITR filing season begins as tax department launches ITR-1, ITR-4 utilities

    Taxpayers can use the Excel utilities to fill in income and tax details offline, calculate their tax liability, generate a JSON file and upload it on the e-filing portal for submission and verification. (Photo for representational purposes only)
    India News
    Updated 123 days ago

    Renting an apartment from an NRI landlord? Here’s what tenants need to know

    A Bengaluru landlord lost a confirmed tenant after the tenant learned the owner was an NRI and backed out over the requirement to deduct 30% TDS on rent and file it with the government. (Photo for representational purposes only)
    Real Estate
    Updated 128 days ago

    CBI books IRS officer, his wife in ₹4.57-cr disproportionate assets case

    During the period under CBI scrutiny, Amit Singal was the additional director general of the Directorate General of Tax Services, CBIC, New Delhi, while his wife, Anupama Singla, was the commissioner of Income Tax, CBDT, New Delhi. (HT)
    Cities
    Published 136 days ago

    ₹3.12 lakh crore property deals under Income Tax dept scanner

    SROs are statutorily required to report details of all immovable property transactions exceeding <span class='webrupee'>₹</span>30 lakh
    India News
    Updated 144 days ago

    ‘Fake claim’: PIB fact-checks influencer CA Sarthak Ahuja on tax certificate

    Sarthak Ahuja denied that his video had fake information.
    India News
    Updated 150 days ago

    Panel formed to probe into IRS officers 'unwarranted' treatment at Odisha Lok Bhavan: Official

    Panel formed to probe into IRS officers 'unwarranted' treatment at Odisha Lok Bhavan: Official
    Cities
    Published 151 days ago

    Trump Accounts: Scott Bessent gives big Form 4547 update as tax deadline ends

    Donald Trump speaks to the press outside the Oval Office at the White House in Washington, DC on April 13.
    World News
    Updated 153 days ago

    New income tax law from April 1: All you need to know about the new rules

    The new Income tax act will come into force from April 1, 2026. (Photo for representational purposes only)
    India News
    Updated 168 days ago

    New ITR deadline, higher STT: Full list of financial rule changes from Apr 1

    Starting April 1, 2026, a host of financial and regulatory changes will come into force as India enters the new financial year 2026–27
    India News
    Published 168 days ago

    Income Tax changes: Tenants paying over ₹50k rent must deduct 2% TDS by March 31

    Income Tax Changes 2026: Under Section 194-IB, tenants paying over <span class='webrupee'>₹</span>50,000 in monthly rent must deduct 2% TDS on the total annual rent and withhold it from the March payment; the responsibility rests on the tenant. (Picture for representational purposes only)
    Real Estate
    Updated 165 days ago

    Section 54: Can seven adjoining flats qualify as a single unit for tax relief?

    The Income Tax Appellate Tribunal ruled that adjoining flats used as one home qualify for exemption, shifting focus from the ‘one house’ rule to actual usage. (Picture for representational purposes only)
    Real Estate
    Updated 177 days ago

    IT department notice to 63,000 restaurants for ‘underreporting’ income

    In some cases, recorded sales were not fully reflected in financial accounts or tax filings.
    India News
    Published 190 days ago
    Home / Topic / Income Tax / News
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