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
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
22 Jun, 2026, 09.25 AM IST
India's net direct tax collections rise 14.6% to Rs 5.21 lakh crore till June 17India's direct tax collections have seen a significant jump. Net collections reached Rs 5.21 lakh crore by June 17, marking a 14.64% increa...
18 Jun, 2026, 08.26 PM IST
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
17 Jun, 2026, 12.23 PM IST
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
15 Jun, 2026, 03.57 PM IST
GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
13 Jun, 2026, 10.50 AM IST
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
10 Jun, 2026, 05.12 PM IST
Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...
09 Jun, 2026, 04.57 PM IST
IRS tax refund news June 2026: Which taxpayers qualify for delayed refunds and when could payments arrive?More than $3,400 is the projected average IRS tax refund for many eligible filers this year, making tax refund updates one of the most sear...
04 Jun, 2026, 04.52 AM IST
Trump orders tighter banking scrutiny of undocumented migrants, warns of account seizuresPresident Trump announced an executive order to shut down and seize funds from bank accounts supporting illegal immigration or holding welf...
03 Jun, 2026, 11.29 AM IST
Could you be missing a critical June 2026 tax deadline? Check these essential TDS, Form 16, STT and advance tax requirements before it's too lateJune 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, advance tax payments and STT reconci...
02 Jun, 2026, 12.22 AM IST
Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
29 May, 2026, 04.51 PM IST
Health services, medical education expansion to be driven by modern tech: Yogi AdityanathUttar Pradesh Chief Minister Yogi Adityanath reviewed health and medical education. He stressed improving treatment quality and expanding s...
26 May, 2026, 04.34 PM IST
Republicans clash with Trump over payouts tied to ‘weaponization’ claimsRepublicans in the US Congress are opposing President Donald Trump's proposed $1.776 billion fund for alleged victims of government weaponi...
25 May, 2026, 07.58 AM IST
Tax vs Customs: Why MNCs face a growing valuation and compliance battleMNCs face rising conflict between tax and customs rules on related-party pricing, as India’s tighter digital scrutiny raises compliance ris...
20 May, 2026, 10.56 PM IST
2026 IRS Tax Refund: How to track your money and when you’ll get paid - Check the average refund amountThe 2026 IRS tax refund season is underway, with millions awaiting their 2025 tax return payments. E-filed returns with direct deposit are ...
20 May, 2026, 10.56 AM IST
Non-citizens in US face more scrutiny on bank activities after Trump orderBanks will face increased scrutiny on non-citizen banking activities following a new executive order. The directive mandates flagging payro...
20 May, 2026, 10.01 AM IST