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...
08 Jun, 2026, 01.39 PM IST
ET Alpha Wealth Summit: Rajeev Thakkar of PPFAS MF explains when to hold, when to exit, and why most investors get it wrongPPFAS CIO Rajiv Thakkar said successful investing depends more on patience than frequent trading. He advised avoiding unnecessary selling, ...
04 Jun, 2026, 08.10 PM IST
Trump officials tried to ban half of US voting machines, citing conspiracy theoriesA Trump administration plan aimed to ban Dominion voting machines. Officials considered declaring components national-security risks. This ...
22 May, 2026, 05.28 PM IST
Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...
22 May, 2026, 07.21 AM IST
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...
14 May, 2026, 05.05 PM IST
Sunetra Pawar gets relief as ITAT scraps Rs 32.14 crore tax addition against Ajit Pawar, calls evidence linking ‘DD’ to leader insufficientThe Income Tax Appellate Tribunal has cancelled tax proceedings against Sunetra Ajit Pawar. A Rs 32.14 crore addition treated as unexplaine...
28 Apr, 2026, 06.32 PM IST
India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note saysIndia has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ru...
25 Apr, 2026, 01.12 AM IST
ITR assessment rules change from April 2026: Four key amendments explainedFour key changes to Income Tax Return (ITR) assessment rules will be effective from April 2026 for Tax Year 2026-27. These amendments, intr...
17 Apr, 2026, 06.46 PM IST
No more technical escapes? Finance Bill 2026 pushes taxpayers to fight cases on meritsThe Finance Bill 2026 introduces significant changes to tax litigation in India. Tax cases will now be decided based on facts and merits, m...
30 Mar, 2026, 11.36 AM IST
Budget 2026 has introduced certain retrospective amendments to nullify the impact of certain favourable rulings for taxpayers; Know moreThe Finance Bill 2026 introduces retrospective amendments to the Income-tax Act, 1961, addressing key court rulings. These changes clarify ...
01 Feb, 2026, 06.34 PM IST
Don’t be surprised if you get lesser income tax refund this year, the income tax dept is adjusting past dues against this year’s refundIncome Tax Notice: "Since there are pending assessment / re-assessment proceeding in the case of taxpayer, the refund release/withhold will...
15 Apr, 2025, 12.04 PM IST
NRI’s inoperative PAN: List of documents required for making PAN operativeIf an NRI's PAN is still inoperative, he or she must inform the appropriate jurisdictional Assessing Officer of their NRI status and provid...
24 Jul, 2023, 11.37 AM IST
How much TDS should be deducted on property purchased from NRITDS on the purchase of property from an NRI should be deducted from the sale value and the balance amount should be paid to the NRI seller.
23 Aug, 2022, 04.54 PM IST
CBDT sets up 30 assessment centres in 20 cities as part of new faceless taxation programThe structural change has been brought into immediate effect, and closely follows directives under the Transparent Taxation platform launch...
14 Aug, 2020, 11.52 PM IST
How to find Income Tax Assessing Officer or AO details?Assessing Officer is authorized to assess the income tax return you have filed and if he finds any discrepancy in your filed return, he wil...
12 Mar, 2019, 10.07 AM IST
CBDT forms task force for jurisdiction-free income tax assessment systemThe 13-member task force has been asked to submit its report on the new tax assessment process, which is aimed at reducing harassment of ta...
15 Jun, 2017, 05.52 PM IST
Government says info under domestic black money scheme confidentialThe declaration filed with jurisdictional Principal Commissioner or Commissioner shall not be shared with any authority within or outside t...
15 Sep, 2016, 02.51 PM IST