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INCOME TAX BILL NEW UPDATE
FD rate up to 8.05% for senior citizens investing for five years; Know list of banks- Tenant wins tax relief on Rs 38.62 lakh sale of landlord’s property, received for surrendering tenancy rights; know why ITAT Mumbai ruled in his favour
- NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit card
- NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...19 Jun, 2026, 05.41 PM IST
- NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...19 Jun, 2026, 03.44 PM IST
- Has Form 168 replaced Form 26AS for FY 25-26? Here's what taxpayers need to know for ITR filingForm 168: The Income Tax Department has unveiled Form 168, a comprehensive upgrade to the Annual Information Statement, effectively superse...19 Jun, 2026, 03.02 PM IST
- World's highest-consuming 10 pc causing environmental damage of up to USD 5.7 trn annually: StudyThe world's top consumers, mainly in the US and EU, cause trillions in environmental damage annually. Biodiversity loss and climate change ...19 Jun, 2026, 02.49 PM 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
- Tax-free income in India: 8 types of income you don’t need to pay any tax onTax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provide...18 Jun, 2026, 01.51 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
- Supreme Court rejects plea challenging Income Tax break to STs in North EastThe Supreme Court has declined to hear a petition questioning the income tax exemption for Scheduled Tribes in certain north-eastern states...18 Jun, 2026, 07.55 AM IST
- ITR filing due dates for AY 2026-27: July 31 is not the deadline for every taxpayer; check 5 other tax filing due datesThe Income Tax Department has set July 31, 2026, as the deadline for most individual taxpayers, including the salaried class, to file their...17 Jun, 2026, 05.42 PM IST
- New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...17 Jun, 2026, 12.23 PM IST
- Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the detailsIndividuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandato...16 Jun, 2026, 11.21 AM 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
- 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
- Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...12 Jun, 2026, 07.11 AM IST
- 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...11 Jun, 2026, 07.43 AM IST
- Social Security crisis 2032: Could a 22% benefit cut slash retirement income for millions of Americans if Congress fails to act?Social Security crisis 2032 is no longer a distant warning. Current projections show the trust fund could face depletion by 2032, triggerin...10 Jun, 2026, 11.22 PM IST
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