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INCOME TAX COMMISSIONERS
She became blind at the age of 5. However, that didn’t stop her from cracking UPSC. Who is Poorna Sundari?Poorna Sundari, who lost her vision at five, defied all odds to achieve an All India Rank of 286 in the 2019 UPSC Civil Services Examinatio...- 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 favourA Mumbai tenant received tax relief after selling a property he obtained for surrendering his tenancy rights. The Income Tax Appellate Trib...
- 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...
- ET Prime Special Series: Multibagger or IBC - Part 62: This quiet auto ancillary now earns in 3 months what it once earned in a yearThe stock has multiplied many times over in just a few years, the order book has never been bigger, and the value packed into every vehicle...
- 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...
- Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...
- 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...
- Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...
- 8th Pay Commission calculator: How much arrears can Level 6-10 employees get at 2.0-2.86 fitment factorsThe 8th Pay Commission is consulting stakeholders before finalising its recommendations, while central government employees await clarity o...
- 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 ...
- I-T department to move Supreme Court against HC relief in public trust rowThe rift stems from the Income-tax department's demand that deeds of these religious and charitable trusts must categorically state that th...
- Bengal govt launches verification drive for Annapurna Yojana beneficiaries ahead of rolloutWest Bengal is preparing for the Annapurna Yojana, a new financial assistance scheme for women. A thorough verification of beneficiaries is...
- West Bengal Annapurna Bhandar Yojana notified: Check eligibility, direct link to portal, DBT rules, how to apply and Lakshmir Bhandar differencesWest Bengal's Annapurna Yojna will soon replace Lakshmir Bhandar Scheme. Eligible women will receive Rs 3,000 monthly. This financial aid a...
- Gujarat Police recover nearly 3 crore unaccounted cash from car in Dahod district, probe underwayGujarat Police seized over Rs 2.56 crore in unaccounted cash during a routine vehicle check in Dahod district, allegedly being transported ...
- 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...
- New Income Tax law aims to build transparent, tech-driven ecosystem for taxpayers: OfficialPune's Principal Chief Commissioner of Income Tax, Vivek Wadekar, announced the new Income Tax Act, 2025, aims to simplify compliance and f...
- Depositories can use part of IPF corpus income for trust costsSebi has proposed allowing depositories to use up to 5% of their investor protection fund (IPF) income for administrative and statutory exp...
- Adani Ports names insider Niraj Bansal as CEO-Ports, Pranav Choudhary exitsAdani Ports and Special Economic Zone has appointed Niraj Bansal as its new CEO-Ports. This change will be effective from June 1. Pranav Ch...
- Sebi proposes allowing depositories to use part of IPF investment income for trust expensesAt present, stock exchanges are permitted to use a maximum of 5 per cent of the interest or income generated from IPF investments for meeti...
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