income tax news

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

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

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

Pre-filled ITRs to ease filing for salaried employees under new Income Tax rules

Explaining the idea behind the new simplified rules and forms, CBDT chairman said, “The intent is how to cut down on redundant forms… and essentially, the focus is more on capturing the right information.”

india news

Updated on Feb 10, 2026 11:59 am IST

Nine-page note under SIT scrutiny in Confident Group chairman’s death

bengaluru news

Published on Feb 09, 2026 04:57 pm IST

Has Budget 2026 chosen stability over spectacle?

Finance minister Nirmala Sitharaman with the union budget

economy

Published on Jul 15, 2026 09:24 pm IST

SIT probing into realtor's death, action based on report: Minister Parameshwara

bengaluru news

Published on Feb 03, 2026 01:33 pm IST

What is buyback tax? Income Tax Dept explains Budget 2026 changes

Budget 2026: Buyback tax overhaul to ease burden on retail investors

india news

Updated on Feb 02, 2026 03:01 pm IST

Budget 2026 extends tax filing deadlines, simplifies forms for taxpayers

Representational image.

business

Published on Feb 02, 2026 09:56 am IST

What changes for Income Tax payers from April 1: Explained in simple terms

The Income Tax Act, 2025, is revenue-neutral and introduces no change in the tax slab rates.

india news

Updated on Feb 02, 2026 06:02 pm IST

New IT law, reforms, exemptions: List of changes in the tax laws in Budget 2026

Finance Minister Nirmala Sitharaman presents the 'Union Budget 2026-27' in the Lok Sabha, in New Delhi, Sunday, Feb. 1, 2026. (Sansad TV via PTI Photo)

business

Updated on Feb 01, 2026 12:24 pm IST

3-day income tax raid ends at ex-minister Sham Arora’s house in Hoshiarpur

The I-T department did not issue any statement if any recovery was made, but Arora himself called a press conference to claim that the raid did not reveal any incongruity in his family’s accounts. (HT)

chandigarh news

Published on Feb 01, 2026 05:48 am IST