The Supreme Court finds private access to sensitive EPFO and ITR data worrisome. It urged the Centre to devise safeguards against potential...

Selling inherited property? Know who among the brothers and sisters are liable to pay capital gains tax on it and how to claim tax relief.

Rs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Section 148 ITR; ITAT Delhi orders t...

The Income Tax Department has reminded taxpayers with business or professional income who are not subject to audit to file their ITRs for A...

There is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...

Employee switched job and got Rs 30 lakh salary on which TDS was deducted, forgot to file ITR, Tax dept sent notice and imposed Rs 3.74 lak...

The IRS EITC 2026 can put up to $8,231 back into the hands of eligible workers. But it is not a payment for everyone. Your earned income, f...

Freelancers preparing for AY 2026-27 have a new ITR submission deadline, offering relief to many. Understanding tax audit requirements is e...

For retirees looking to maximise their post-tax earnings, allocating a Rs 4.5 cr corpus into mutual funds is a viable option. Utilising a b...

The US Treasury and IRS have proposed new rules restricting the refundable portion of four federal tax credits to US citizens, nationals an...

This Haryana man's case was picked up for scrutiny, and during the proceedings the Assessing Officer found large cash deposits, unsecured l...

For Rs 6.82 crore cash notorious land grabbing gang sold land via forged sale deed with forged signature of landowner; however landowner go...

Employees who are on a salary may find themselves receiving tax notices following their income tax return filings. These notices typically ...

The Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...

SBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying ...

An Indian resident successfully challenged the tax department's claim of undisclosed foreign income on maturity proceeds from a Dubai life ...

Earning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers...