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income tax news

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 on Jul 31, 2026 10:53 pm IST

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 on Jul 31, 2026 08:42 pm IST

‘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 on Jul 31, 2026 08:42 pm IST

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 on Jul 29, 2026 02:45 pm IST

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.
your money
Updated on Jul 29, 2026 10:07 am IST

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 on Jul 29, 2026 09:12 pm IST

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 on Jul 28, 2026 03:37 pm IST

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 on Jul 27, 2026 07:46 pm IST

Ludhiana: ₹2L misappropriated; accountant booked

The accused has been identified as Pardeep Singh, a resident of the Kot Mangal Singh area. (HT FILE)
chandigarh news
Published on Jul 26, 2026 08:03 am IST

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 on Jul 24, 2026 08:48 pm IST

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 on Jul 20, 2026 11:59 pm IST

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 on Jul 13, 2026 12:36 pm IST

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.
gurugram news
Published on May 29, 2026 03:58 am IST

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 on May 15, 2026 02:59 pm IST

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 guide
Updated on May 10, 2026 04:11 pm IST

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)
mumbai news
Published on May 02, 2026 05:14 am IST

₹3.12 lakh crore property deals under Income Tax dept scanner

SROs are statutorily required to report details of all immovable property transactions exceeding ₹30 lakh
india news
Updated on Apr 24, 2026 02:18 pm IST

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

Sarthak Ahuja denied that his video had fake information.
india news
Updated on Apr 18, 2026 04:28 pm IST

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
bhopal news
Published on Apr 17, 2026 09:18 pm IST

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.
us news
Updated on Apr 16, 2026 01:03 am IST

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 on Mar 31, 2026 06:23 pm IST

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 on Mar 31, 2026 02:24 pm IST

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 ₹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 on Apr 04, 2026 12:01 am IST

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 on Mar 22, 2026 10:47 am IST

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 on Mar 09, 2026 10:43 pm IST

IT raids on UP BSP MLA’s premises enter Day 2; ₹10 crore cash, valuables recovered

Sources said investigators are analysing files, digital data and transaction trails to establish the alleged scale and nature of irregularities. (For Representation)
lucknow news
Updated on Feb 26, 2026 09:03 pm IST

Can parents, in-laws, or a spouse be your landlord under Draft Tax Rules 2026?

Income Tax Draft Rules, 2026 introduce a key compliance change by mandating disclosure of the ‘relationship with the landlord’ in Form No. 124, a move aimed at curbing tax evasion rather than prohibiting genuine rental arrangements. (Photo for representational purposes only)
real estate
Updated on Feb 23, 2026 08:42 am IST

Why IRS website is down today. Thousands ask ‘Where is my refund?' amid issues

The IRS website was down on Wednesday
us news
Published on Feb 18, 2026 08:51 pm IST

SIT quizzes IT officials in CJ Roy’s death probe

SIT quizzes IT officials in CJ Roy’s death probe
india news
Published on Feb 12, 2026 07:38 am IST

Row over tax rebate being withdrawn for disabled soldiers who serve

Several veterans have said that the discrimination is unjustified and has created two classes of disabled soldiers.
india news
Published on Feb 12, 2026 04:01 am IST
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