Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...
26 Jun, 2026, 12.13 PM IST
Kerala liquor policy to be decided after talks with coalition parties, says Kerala Revenue Minister A P Anil KumarKerala Revenue Minister A P Anil Kumar stated that any policy on tax cuts for low-alcohol beverages will be decided after internal UDF disc...
26 Jun, 2026, 10.19 AM IST
A major discovery in Denmark is changing what we thought we knew about VikingsA vast textile production site unearthed in Denmark is challenging the traditional image of Vikings as mere barbarians. Spanning over a mil...
26 Jun, 2026, 02.11 AM IST
ET Most Innovative AI Product Awards 2026 spotlight enterprise AI solutions redefining business performanceAs enterprises scale AI adoption, innovation is moving beyond customer-facing applications. From finance, operations, tax, and legal functi...
25 Jun, 2026, 05.19 PM IST
ET Most Innovative AI Product Awards 2026: Why tax has become one of the biggest trust tests for enterprise dataAs businesses generate larger volumes of financial and operational data, tax functions are becoming an unexpected proving ground for AI pro...
25 Jun, 2026, 02.02 PM IST
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
24 Jun, 2026, 05.57 PM IST
Will the ITR filing deadline for AY 2026-27 be extended? Here's what taxpayers need to knowTaxpayers can breathe easy as the Income Tax Return (ITR) filing deadline for AY 2026-27 is unlikely to be extended. Unlike last year's tec...
24 Jun, 2026, 05.05 PM IST
Should never be taken back in Congress: Leader Jairam Ramesh on young leaders who switched to BJPCongress leader Jairam Ramesh stated that leaders who left the party for the BJP, especially younger ones, should not be welcomed back. He ...
24 Jun, 2026, 11.40 AM IST
Do taxpayers need to file two ITRs for FY 25-26 income? I-T Department explainsAY 26-27 and TY 26-27: Confusion surrounding the new Income Tax Act, 2025, and its transition from Assessment Year (AY) to Tax Year (TY) is...
23 Jun, 2026, 05.13 PM IST
Income Tax AY 2026-27: Even if your salary income is below Rs 12.75 lakh, you still need to pay tax for these incomesIncome Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A r...
23 Jun, 2026, 02.14 PM IST
GST wins India Inc's vote, but businesses seek faster refunds and smarter reforms: DeloitteIndia's GST regime has achieved widespread acceptance, with digitisation and rate adjustments hailed as major successes. Businesses now pri...
23 Jun, 2026, 01.34 PM IST
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
23 Jun, 2026, 11.44 AM IST
Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FAIndian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose ...
23 Jun, 2026, 11.30 AM IST
Tax reforms to play vital role in attracting global capital to India: ExpertsIndia's economic ascent hinges on predictable and simplified tax reforms to attract global capital, according to a senior financial expert....
23 Jun, 2026, 11.15 AM IST
Taxman to track slipping sectors & top tax payersThe communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Rese...
22 Jun, 2026, 11.44 PM IST
Big Four firms' India operations shine amid global slumpIndia's Big Four accounting firms have achieved remarkable growth, outperforming global peers in fiscal year 2026. PwC and Deloitte reporte...
22 Jun, 2026, 05.16 PM IST
Neeraj finishes fourth in his season-opening event in Doha Diamond LeagueIndian javelin star Neeraj Chopra secured a fourth-place finish at the Doha Diamond League with a throw of 85. 69m, marking his return afte...
20 Jun, 2026, 03.51 PM IST