IRS offer in compromise: 20 million Americans owe back taxes in 2026 - Who qualifies for tax debt settlement and how the IRS calculates your reduced payment eligibilityThe IRS is managing more than $150 billion in back taxes this year. Many taxpayers are turning to the IRS Offer in Compromise to settle tax...
11 Feb, 2026, 07.06 PM IST
Your income tax refund can be delayed if you don't file revised ITR by December 31, 2025 in these conditionsIncome tax refund delayed: Taxpayers claiming incorrect refunds face potential delays in their income tax refunds. The Income Tax Departmen...
24 Dec, 2025, 03.05 PM IST
Income Tax Department cracks down on taxpayers claiming refunds against donations to fake political parties, charitiesThe Income Tax Department is taking action against taxpayers who filed returns with fake deductions. Investigations revealed intermediaries...
15 Dec, 2025, 06.19 PM IST
CBDT flags bogus claims on political and charitable donationsThe Central Board of Direct Taxes has uncovered significant misuse of tax deductions for political and charitable donations. A campaign has...
14 Dec, 2025, 05.30 AM IST
CBDT recovers Rs 92,400 crore in outstanding taxThe Central Board of Direct Taxes (CBDT) recovered ₹92,400 crore in outstanding tax for the financial year 2024-25 until March 15. This inc...
31 Mar, 2025, 11.56 PM IST
Income Tax dept to crack down on TDS/TCS defaulters; targets 40,000 taxpayersThe income tax department is set to crack down on individuals and businesses that have failed to deduct and deposit TDS/TCS. Approximately ...
25 Feb, 2025, 11.22 PM IST
AAP, BJP lock horns as Sanjay Singh challenges the saffron party to conduct 'tour' of PM Modi's residenceAAP refutes BJP's claims of extravagance at Delhi CM Kejriwal’s residence by inviting the media for a tour. They dismiss allegations of a '...
08 Jan, 2025, 11.30 AM IST
Have undisclosed foreign income or assets? Act before December 31 as govt gets more data from these new countriesIncome tax: The Income Tax Department has data from Germany and other countries about its residents having foreign properties and assets an...
26 Dec, 2024, 04.58 PM IST
Better manpower, maintenance in railsThe railways are vital to India's effort to improve its logistics as well as to its climate commitments. Yet, they have been losing market ...
04 Jun, 2023, 11.21 PM IST
Amendment in GST return format: Why changes regarding ITC will increase complexity for taxpayersIn most companies, the accounting process of vendor invoices is structured in such a manner that the GST amount, which is ineligible for IT...
08 Nov, 2022, 12.10 PM IST
GST 2.0: Ideas to improve indirect taxationWhile the implementation of GST in India has been commendable, the time is ripe for the government to take note of some of the challenges w...
06 May, 2022, 11.55 AM IST
Bringing petroleum products and electricity under GST should be top focusMeasures such as constant rationalisation of GST rates of goods and services, together with anti-profiteering norms and inverted duty rate ...
09 Jul, 2021, 04.09 PM IST
Didn't file ITR for last two financial years? Here's why you should before March 31As per the income tax laws, it is mandatory for individuals having income more than basic exemption limit (depending on the age) to file IT...
31 Mar, 2018, 03.36 PM IST
- PAN to be most potent tool against tax evasion: Income Tax Department
Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money and ta...
05 Feb, 2012, 10.36 AM IST
- Dear sir, please file your I-T returns
Instead of legal notices, I-T dept to send polite mails to those not filing returns.
29 Jun, 2006, 12.10 AM IST
- Dear sir, pls file your I-T return
Have you missed the deadline for filing I-T returns? Don’t worry. You may receive a love letter from taxman.
28 Jun, 2006, 03.25 PM IST
- Dear sir, pls file your I-T return
Have you missed the deadline for filing I-T returns? Don’t worry. You may receive a love letter from taxman.
28 Jun, 2006, 03.25 PM IST