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ASSOCHAM DIRECT TAX COUNCIL
Tenant wins tax relief on Rs 38.62 lakh sale of landlord’s property, received for surrendering tenancy rights; know why ITAT Mumbai ruled in his favour- Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full relief
- US deal gets oil flowing as Trump pushes 'complete ceasefire on all fronts'
- Despite West Asia crisis, net direct tax mopup grows 15% to Rs 5.2 lakh croreIndia's direct tax collections have seen a significant rise of over 14 percent. This growth is driven by strong advance tax payments from c...19 Jun, 2026, 12.52 AM IST
- Iran's Khamenei says he approved US MoU despite reservations; says future talks will be face-to-faceIran's Supreme Leader Mojtaba Khamenei has approved a memorandum of understanding with the United States. He expressed reservations but gra...18 Jun, 2026, 11.28 PM IST
- Karnataka: CM DK Shivakumar emerges real winner in Council polls as Congress gains from BJP and JDS cross-votingChief Minister DK Shivakumar emerged victorious in the legislative council polls. Congress secured all five seats it contested, defying fea...18 Jun, 2026, 10.03 PM IST
- India's net direct tax collections rise 14.6% to Rs 5.21 lakh crore till June 17India's direct tax collections have seen a significant jump. Net collections reached Rs 5.21 lakh crore by June 17, marking a 14.64% increa...18 Jun, 2026, 08.26 PM IST
- $200 billion export opportunity for India to BRICS by 2030: ASSOCHAMIndia's exports to BRICS nations are projected to surge to USD 200 billion by 2030. This ambitious target represents a significant increase...18 Jun, 2026, 07.49 PM IST
- Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITATDolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The...18 Jun, 2026, 12.30 PM IST
- RBI not in favour of offshore settlement for sovereign bonds: ReportIndia's central bank, the RBI, is opting against direct settlement of government securities via offshore platforms like Euroclear. Instead,...18 Jun, 2026, 08.46 AM IST
- RBI not in favour of offshore settlement for government securities, sources sayThe RBI is steering clear of offshore settlement for government securities, preferring foreign investors to trade directly on the domestic ...18 Jun, 2026, 08.42 AM IST
- SC directs Tripura SEC to conduct elections to village committees in single phaseThe Supreme Court has ordered the Tripura State Election Commission to hold village committee elections on September 27. This decision come...17 Jun, 2026, 12.40 AM IST
- Karnataka High Court dismisses PIL against Shivakumar's appointment as CM, imposes cost on petitionerThe High Court has dismissed a petition challenging DK Shivakumar's appointment as Chief Minister. The court called the petition frivolous ...16 Jun, 2026, 04.07 PM IST
- Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the detailsIndividuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandato...16 Jun, 2026, 11.21 AM IST
- Supreme Court notices to Bihar government, Deepak Prakash, election panelA bench of CJI Surya Kant and justice V Mohana issued notice to Bihar government, Prakash and the Election Commission of India on a plea by...16 Jun, 2026, 12.19 AM IST
- Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...15 Jun, 2026, 03.57 PM IST
- NDMC offers 10% rebate on property tax payments made by June 30The New Delhi Municipal Council announced a 10 percent property tax rebate for the financial year 2026-27. Property owners can avail this c...13 Jun, 2026, 03.28 PM IST
- Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...12 Jun, 2026, 07.11 AM IST
- Singapore court charges Indian origin man for e-mails containing abusive languageA 72-year-old Singaporean man faces charges for sending abusive emails. Manickam Manohar allegedly targeted a Member of Parliament and town...11 Jun, 2026, 03.34 PM IST
- ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...11 Jun, 2026, 07.43 AM IST
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