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Finance minister Nirmala Sitharaman asks I-T officials to ease burden on honest taxpayersFinance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and ec...24 Jul, 2026, 09.34 PM IST- Mandi House and Central Secretariat metro stations reopen amid protest-related restrictions across central DelhiEntry gates at Mandi House and Central Secretariat metro stations have reopened. This follows earlier closures due to security arrangements...24 Jul, 2026, 05.54 PM IST
- Opting for presumptive taxation while filing ITR? You may have to face tax audit; here’s what you must knowPresumptive taxation simplifies income computation for eligible taxpayers. However, a tax audit may be required if actual income falls belo...24 Jul, 2026, 12.25 PM IST
- Rs 9.48 lakh income tax demand on coaching centre quashed: ITAT explains why attendance alone doesn't make contractual teachers employeesContractual teachers held as employees by the tax department and on this ground, Rs 9.48 lakh tax demand raised; ITAT Cochin rules administ...24 Jul, 2026, 12.11 PM IST
- Pentagon awards Oracle nearly $7 billion deal in latest software consolidation pushThe Enterprise Software Agreement, negotiated by the Department of the Navy, is between the Pentagon and Oracle for its on-premises compute...24 Jul, 2026, 08.12 AM IST
- Brisk processing for AY27: Nudge helps, 33.5m ITRs filed so farIndia's income-tax department has received over thirty-three million income-tax returns for assessment year 2026-27. Nearly twenty million ...24 Jul, 2026, 12.58 AM IST
- Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...23 Jul, 2026, 03.33 PM IST
- ITR filing: Received Section 143(1) intimation with tax demand? Respond within 30 days or risk being treated as an ‘assessee in default’; know how to do itTaxpayers must respond to Section 143(1) intimations with tax demands promptly. Failure to respond within thirty days can lead to penalties...23 Jul, 2026, 12.54 PM IST
- Tariffs alone will not produce sustainable generic medicine in US: IPAThe Indian Pharmaceutical Alliance believes tariffs alone will not build US generic drug manufacturing. Broader reforms are needed for fair...22 Jul, 2026, 07.05 PM IST
- Privatise all CPSEs; bring oil, gas, alcohol under GST: US think tank wishlist for IndiaA US think tank proposed thirty reforms to boost India's economic growth. These suggestions include a ten-year plan for privatizing all CPS...21 Jul, 2026, 09.14 PM IST
- ESOPs, Crypto and two other disclosures you must make in Schedule FA of the ITR for AY 2026-2027Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas ...21 Jul, 2026, 05.11 PM IST
- ITR filing 2026: CBDT takes these steps to prevent portal glitches before July 31 deadlineITR filing 2026: The government has addressed concerns regarding the income tax e-filing portal's performance. While usage has increased, t...21 Jul, 2026, 02.14 PM IST
- CBIC weighs centralised GST registration under one PANThe proposal seeks to address a longstanding industry demand by examining whether businesses operating across multiple states can be admini...21 Jul, 2026, 07.32 AM IST
- Techie, who once paid Rs 1 crore tax, breaks down on X after lay off: ‘Thank you…’A tech professional recently took to X to lament the country’s pitiable social security system. He said that even though, once he paid Rs 1...20 Jul, 2026, 02.50 PM IST
- British Airways cannot claim treaty relief on India ground handling income: ITATThe Income Tax Appellate Tribunal (ITAT) has ruled that British Airways cannot claim India-UK tax treaty protection on income from providin...17 Jul, 2026, 10.38 AM IST
- Did you claim a minimum Rs 10,000 income tax refund for your car bought in FY26? Here's how to claim your 1% TCS nowAccording to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of the car exceeds Rs 10 lakh. Howeve...16 Jul, 2026, 01.30 PM IST
- Taxation simplified for influencers: Correct ITR form, tax regime to grey zone areas, key checks and tax traps creators must watch out forIndian influencers and gig workers face significant tax compliance challenges. Many struggle with tracking income and claiming eligible ded...13 Jul, 2026, 12.02 PM IST
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