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ELECTRONIC TAX SCRUTINY
India has got a $5 trillion sleeping giant: Can govt wake it up?India holds an estimated $5 trillion worth of gold in households and temples, yet continues to spend billions importing more every year. As...- ITR filing season AY 2026-27: Received Section 143(2) notice for AY 2025-26? What it means and how to respondAs Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why ta...
- India's growth story runs through waterIndia's ambitious industrial expansion faces a critical hurdle: water scarcity. As manufacturing's GDP contribution targets 25%, companies ...
- Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
- BigBasket founder's exit; Pocket FM’s reverse flipAmazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO.
- US-based Christian missionary organisation, others booked under UAPABengaluru Police have filed an FIR against US-based NGO The Timothy Initiative (TTI) and six others after the Enforcement Directorate alleg...
- 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...
- 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...
- Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
- Anthropic approaches $1T valuation; Google ads face heatAnthropic neared a trillion-dollar valuation following fresh funding. This and more in today's ETtech Top 5.
- ‘Investment climate not in great shape’: Former PM Modi advisor urges FDI reforms as outflows surge in FY26Former advisor Surjit Bhalla calls for major changes to India's foreign investment rules. He warns that strict policies and unclear regulat...
- US companies, shamed by Trump, tiptoe into $166 billion tariff refund raceAfter a landmark Supreme Court ruling, U.S. businesses are strategically striving to salvage billions in refunds from now-invalid tariffs. ...
- Delhi’s new traffic challan rules: Higher Lok Adalat payments, licence suspension for repeat offenders, what changesDelhi Traffic Challan Lok Adalat: Delhi traffic offenders now face a pay-first, argue-later system. To contest a challan, motorists must de...
- How new online gaming rules will change your income tax and legal exposure depending on the kind of game you playAn online game is any game played on a phone, laptop, or digital device, operated through software using the internet or any form of electr...
- India is said to plan electronic tax scrutiny for top 500 firmsThe measure, likely to be introduced in the Budget, will eliminate the need for all human interactions in scrutiny of tax returns and repla...
- CBDT notifies new scrutiny notices with e-facility for taxpayersAs part of the e-governance initiative to facilitate conduct of assessment proceedings electronically, I-T department has launched e-procee...
- Tax dept asks officers to conclude scrutiny cases quicklyTo ensure fast disposal of limited scrutiny cases of tax returns, the revenue department has asked its assessing officers to be specific in...
- New performance appraisal proforma for I-T officials on cardsEarlier, electronic returns had to be followed by a paper verification which used to take weeks to get processed, Modi said.
- Govt eyes Rs 1.20 lakh crore mop-up in direct tax in Q4Early trends of the direct tax collections for the last quarter of this fiscal (January-March) indicate that the government is likely to mo...
- Taxman to tighten noose,studies returns closelyConcealing income from the taxmen will be a tougher proposition now.
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