Opting for presumptive taxation while filing ITR? You may have to face tax audit; here’s what you must knowPresumptive taxation simplifies income computation for eligible taxpayers. However, a tax audit may be required if actual income falls belo...
24 Jul, 2026, 12.25 PM IST
Rs 9.48 lakh income tax demand on coaching centre quashed: ITAT explains why attendance alone doesn't make contractual teachers employeesContractual teachers held as employees by the tax department and on this ground, Rs 9.48 lakh tax demand raised; ITAT Cochin rules administ...
24 Jul, 2026, 12.11 PM IST
Infosys ADRs fall over 4% as Q1 revenue guidance cut overshadows profit growthInfosys ADRs fell over 4% after the IT major trimmed the upper end of its FY27 revenue growth guidance despite reporting higher June-quarte...
23 Jul, 2026, 05.27 PM IST
How to select the right ITR form based on your income for AY 2026-2027Choosing the right income tax return form for AY 2026-27 depends on income sources. Individuals can now report two house properties using I...
22 Jul, 2026, 12.48 PM IST
Registration of redevelopment agreement alone doesn’t trigger tax, rules ITATMumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse pr...
22 Jul, 2026, 09.42 AM IST
Global Market Today: Asian stocks advance on tech rally, yen weakensAsian stocks climbed for a second day, led by chipmakers. The Kospi Index saw a significant jump, reflecting AI investment optimism. Crude ...
22 Jul, 2026, 06.23 AM IST
RBI plans unified code for foreign investment in equity instrumentsThe Reserve Bank of India proposed new rules for overseas fund flows. These draft norms will replace existing regulations governing foreign...
22 Jul, 2026, 05.58 AM IST
SC cautions against politicising Ayodhya Ram Mandir funds embezzlement case, promises 'proper investigationThe Supreme Court cautioned against politicizing the Ayodhya Ram Mandir funds embezzlement case. A three-member bench will ensure a proper ...
21 Jul, 2026, 12.25 AM IST
ITR-4 or ITR-3? Know which ITR form to file under presumptive taxation scheme and the documents requiredTaxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individual...
20 Jul, 2026, 11.23 AM IST
States' fiscal deficit likely to moderate to 3.4% of GSDP in FY27 as tax collections improve: ICICI BankStates' fiscal deficit is expected to moderate to 3.4 per cent of Gross State Domestic Product (GSDP) in FY27, supported by stronger tax co...
18 Jul, 2026, 05.22 PM IST
Complaints on quality of seeds, fertilisers and pesticides to be probed, resolved in 7 days: BharaneMaharashtra's agriculture minister announced revamped taluka committees for faster complaint resolution. These committees will now investig...
18 Jul, 2026, 05.03 PM IST
Employee wrongly reported Rs 65.21 lakh VRS payout in ITR, lost tax relief; ITAT Pune rules the amount is not taxable and grants him reliefEmployee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and g...
18 Jul, 2026, 03.08 PM IST
Why digital platforms are changing how drivers handle traffic recordsDigital challan systems now manage traffic violations, replacing older paper methods. Automated cameras and ANPR software capture violation...
17 Jul, 2026, 12.06 PM IST
ITR 2026: Common income tax return filing mistakes that cost employees lakhsA careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensur...
16 Jul, 2026, 12.12 PM IST
UP RERA releases guideline for utilisation of IFMS fundUP RERA has introduced new regulations for collecting maintenance security funds. Developers must now deposit these funds in designated ban...
15 Jul, 2026, 01.01 PM IST
Samsung Electronics denies report that it is exploring US listingSamsung Electronics denied exploring a U.S. listing of American Depositary Receipts. Bloomberg News had reported preliminary discussions wi...
14 Jul, 2026, 02.45 PM IST
Presumptive taxation: Rebate to losses & deductions, what is the practical impact of changes under Income Tax Act, 2025Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them int...
13 Jul, 2026, 11.29 AM IST