ITR-3 release date: Who should file this income tax return form as I-T Department enables online filing, Excel utilities for itThe Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27. This form is fo...
19 Jun, 2026, 11.50 AM IST
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 reliefWhen Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment...
19 Jun, 2026, 10.27 AM IST
Not just El Nino: What else is holding back India's monsoon?India's monsoon has slowed significantly. A weak surge from the Arabian Sea and missing weather systems are causing a rainfall deficit. Thi...
19 Jun, 2026, 09.32 AM IST
India facing 41% rainfall deficit as southwest monsoon stalls over MaharashtraIndia is experiencing a significant rainfall deficit. The southwest monsoon has stalled, impacting large parts of the country. Several mete...
18 Jun, 2026, 07.19 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
TDS Challan correction for Income Tax Act, 2025 needs to be done using the old TRACES portal; Here’s how to do itTaxpayers must correct TDS challans for Tax Year 2026-27 on the old TRACES portal. This is crucial if the challan was mistakenly filed unde...
18 Jun, 2026, 11.58 AM IST
Southwest Monsoon advance over Maharashtra stalled due to unfavourable conditions: IMDThe Southwest Monsoon's progress over Maharashtra has stalled. Unfavorable weather patterns are preventing further advancement. Rainfall ac...
18 Jun, 2026, 09.32 AM IST
Hi(gh) Gasoline! US retail sales in May rise on auto powerAmerican shoppers spent more in May than anticipated. This boost came from tax refunds and a stock market rise. However, this spending has ...
18 Jun, 2026, 09.17 AM IST
Riyaasat Lifestyle IPO opens for subscription today. Check GMP, price band and other detailsThe grey market premium (GMP) for the issue stood at zero ahead of the opening, indicating that unofficial market activity is pricing the s...
18 Jun, 2026, 08.12 AM IST
Maharashtra advises farmers to do fodder planning to avoid a potential shortage due to El NinoMaharashtra farmers are urged to plan for fodder shortages due to El Nino. The Animal Husbandry Department advises cultivating nutritious, ...
17 Jun, 2026, 08.06 PM IST
US retail sales beat expectations in May as energy costs stay highUS retail sales significantly exceeded expectations in May, climbing 0.9 percent to $763.7 billion, driven by a substantial 3.4 percent inc...
17 Jun, 2026, 07.25 PM IST
Tamil Nadu's excise revenue lags behind Karnataka, Maharashtra: GovtTamil Nadu's excise duty collections significantly lag behind Karnataka and Maharashtra, showing the lowest absolute collection and slowest...
17 Jun, 2026, 12.15 PM IST
India hikes diesel, ATF export levies from June 16India has increased the windfall tax on diesel and aviation fuel exports. The special additional excise duty on diesel exports will now be ...
15 Jun, 2026, 11.12 PM 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
Trump threatens 100% tariff on French wine over digital tax, says will have 'no choice'US President Donald Trump has issued a stern warning to France. He threatens to impose 100% tariffs on all French wines and champagne. This...
15 Jun, 2026, 10.58 AM IST
Sole proprietorship, LLP to private limited company; business structures for startups explainedChoosing the right business structure is crucial for a startup’s growth, taxation, compliance, control, and liability. DPIIT highlights fiv...
15 Jun, 2026, 06.30 AM IST
Can you sell household items worth more than Rs 2 lakh in cash? Check the tax rulesA woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her fa...
12 Jun, 2026, 10.44 AM IST