India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...

Veteran journalist turned politician Swapan Dasgupta was allotted finance while senior-most party leader Tapas Roy, with his long legislati...

Reliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...

In a notable shift, Indian government bond yields have plummeted, primarily fueled by a wave of foreign investment flooding the market. Rec...

An NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...

A court has granted the Enforcement Directorate access to documents from the Serious Fraud Investigation Office. These documents are crucia...

The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...

Mr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...

The taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...

Salaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...

Indians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...

Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updatio...

Congress leader Bhupesh Baghel has dismissed rumors of a leadership change in Punjab. He stated the party will contest the upcoming Assembl...

Filing your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps in getting loans approved. You ca...

Indian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...

Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...

The rift stems from the Income-tax department's demand that deeds of these religious and charitable trusts must categorically state that th...