Income Tax refund delay: Why refunds for FY 2024-25 ITR filings are taking longer and what you can doIncome Tax Refunds Delay News: Taxpayers filing for FY 2024-25 are experiencing delayed refunds, though the Income Tax Department remains w...
07 Jan, 2026, 06.26 PM IST
Income tax refund with wrong claims: Up to 200% penalty, criminal action for wrong tax refund claim; check exactly what will happenThe Income Tax Department has exposed a nationwide network of agents facilitating fraudulent tax deductions and exemptions, leading to ille...
17 Dec, 2025, 02.15 PM IST
Income Tax Department cracks down on taxpayers claiming refunds against donations to fake political parties, charitiesThe Income Tax Department is taking action against taxpayers who filed returns with fake deductions. Investigations revealed intermediaries...
15 Dec, 2025, 06.19 PM IST
India 'strong champion' of measures against offshore tax evasion: OECD officialIndia is a strong champion of tax transparency, with its recent campaign leading to the disclosure of over Rs 29,000 crore in undisclosed f...
14 Dec, 2025, 01.18 PM IST
CBDT flags bogus claims on political and charitable donationsThe Central Board of Direct Taxes has uncovered significant misuse of tax deductions for political and charitable donations. A campaign has...
14 Dec, 2025, 05.30 AM IST
Parliament Watch: PSBs write off ₹6.15 L cr loans; 25 CPSEs to shut; New I-T forms soonFinance Minister Nirmala Sitharaman stated that a new health and security cess on pan masala will not disrupt GST collections, instead crea...
09 Dec, 2025, 12.32 AM IST
Tax dept focuses on undisclosed foreign assets in NUDGE 2.0The CBDT has launched the second phase of its NUDGE initiative, targeting taxpayers with unreported foreign assets. The campaign aims to en...
28 Nov, 2025, 12.00 AM IST
CBDT NUDGE 2: Over 25,000 taxpayers to receive alerts on foreign assets; Check details to avoid penaltiesThe CBDT has launched the second phase of its NUDGE initiative, sending SMS and email alerts to taxpayers with potential foreign asset and ...
27 Nov, 2025, 09.42 PM IST
Income Tax dept to send SMS/emails to 25,000 individuals for non-disclosure of foreign assetsThe Income Tax department has identified individuals who have not reported foreign assets in their income tax returns. These taxpayers will...
27 Nov, 2025, 04.34 PM IST
Virtual Digital Assets: Income Tax of Rs 705 cr paid in FY23, FY24The Indian government collected Rs 705 crore in taxes from Virtual Digital Asset (VDA) transactions during FY23 and FY24. The Income Tax de...
05 Aug, 2025, 04.29 PM IST
Taxmen defy 'clean slate' rule, hit insolvent firms with fresh demandsDespite the IBC's 'clean slate' provision and court rulings, tax authorities are levying fresh tax demands on companies emerging from insol...
12 Apr, 2025, 12.52 AM IST
Have undisclosed foreign income or assets? Act before December 31 as govt gets more data from these new countriesIncome tax: The Income Tax Department has data from Germany and other countries about its residents having foreign properties and assets an...
26 Dec, 2024, 04.58 PM IST
Using social media to help taxpayersA major enabler has been CBDT's embrace of technology to not only simplify compliances but to also identify potential cases of tax evasion ...
23 Jul, 2023, 11.16 PM IST
No angel tax on past foreign investments in startupsThe government has proposed to amend the so-called angel tax provision or the Section 56(2) (viib) of the income tax act in the budget. The...
04 Feb, 2023, 09.30 AM IST
SGX Nifty up 40 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 42 points, or 0.36 per cent higher at 11,732.50, in signs that Dalal Street was headed for a...
31 Aug, 2020, 10.08 AM IST
Taxman trying to get PSUs on board 'Vivaad se Vishwas'Since PSUs look better placed to win some of the cases, they may not want to opt for settlement.
02 Mar, 2020, 12.09 PM IST
Income Tax department to focus more on e-assessment to reduce human interfaceAlso, efforts will be made by the Central Board of Direct Taxes (CBDT) to exceed the income tax collection target set for current fiscal by...
02 Sep, 2017, 10.29 PM IST