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Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...- Census-2027: Gujarat to launch digital houselisting exercise on June 1The fiirst phase of Gujarat's Population Census-2027 begins Monday with a month-long digital houselisting. Over one lakh enumerators will m...
- Alcohol-in-beverage: Karnataka leads India’s next liquor tax experimentKarnataka becomes India's first state to adopt an Alcohol-in-Beverage excise duty structure. This new policy, effective May 11, deregulates...
- Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
- Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
- US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
- Pay full Bengaluru property tax by May 31, 2026 and get 5% rebate as due date gets extendedBengaluru property owners can now avail a 5% rebate on property tax by paying in full by May 31, 2026, as the deadline has been extended. A...
- CIC flags lack of tracking system for tax evasion complaints, urges GST authorities to improve transparencyThe Central Information Commission has urged GST authorities to implement a system for tracking tax evasion complaints. Currently, complain...
- Buckeye Trust ruling: How a single clause drafted without sufficient precision in trust deeds can trigger tax risk and derail estate planningWhether in trust deeds, corporate agreements or commercial contracts, even a single clause drafted without sufficient precision can signifi...
- Punjab government transfers 24 IAS, 9 PCS officersIAS officer Arun Sekhri has been posted as labour commissioner while Jaswinder Kaur Sidhu has been appointed as secretary, home affairs and...
- Sushil Chandra appointed next Chief Election Commissioner; Arora demits officeElection Commissioner Sushil Chandra was on Monday appointed as the next Chief Election Commissioner, the Law Ministry said. According to a...
- Home delivery of liquor to start in Punjab from May 7The timing of delivery of liquor will be decided by the respective assistant excise and taxation commissioners in consultation with deputy ...
- Haryana Records 18 per cent Growth in GSTThis was informed in a review meeting held via Video Conferencing of all DETC’s (ST) of Haryana under the Chairmanship of Excise and Taxati...
- The taxing bananas: Probe ordered on five-star hotel after Rahul Bose's video goes viral'Rahul Bose' has been one of the top trends on Twitter for the last two days.
- Himachal Pradesh hikes VAT on diesel by 4.50 per centThe VAT in the state is still lower as compared to Punjab and Haryana where the rates are marginally up at 17.29 per cent and 17.22 per cen...
- Punjab government seeks ideas from peons, others to boost revenueThe aim of the 'Motivating the Employees Scheme, 2014' is to "dig out" innovative ideas from employees including those on the lower rungs o...
- Haryana to suffer Rs 1,340 cr loss due to shifting of liquor vendsHaryana Excise and Taxation department today said it will suffer financial loss of Rs 1,340 crore because of shifting of liquor vends from ...
- Canadian companies keen to bring pension funds to invest in India: Stewart Beck, EnvoyCanadian High Commissioner Stewart Beck said his country has the strongest pension funds in the world and it wants these funds to come to I...
- Punjab Excise & Taxation dept detects fraud of Rs 200 crorePunjab Excise and Taxation department has detected a fraud to tune of Rs 200 crore.
- Rs 15-cr tax evasion by car dealer detected in PunjabPunjab excise and taxation department has detected tax evasion to the tune of Rs 15 crore by a Bathinda-based car dealer, Commissioner Anur...
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