income tax department

Centre's net direct tax collections up 7% so far in FY26 on lower refunds: CBDT

Centre’s net direct tax collections rise 7% so far in FY26 on lower refunds: CBDT

According to the latest numbers for FY 2025-26 (up to November 10, 2025), net direct tax collections have touched Rs…

November 11, 2025 17:51 IST

Budget 2026: Will 30% tax rate apply only above Rs 50 lakh income? Industry urges govt to ease burden on middle class

Budget 2026: Govt to move the highest 30% tax rate to above Rs 50 lakh income under new regime? Industry makes this pitch

As Budget 2026 preparations begin, industry body PHDCCI has urged the government to widen income tax slabs and reduce tax…

Updated: November 11, 2025 13:59 IST

Hindustan Unilever gets Rs 1986 crore tax notice, set to appeal against demand

The Indian arm of the UK-based company said the Income Tax Department had disputed the valuation of certain related-party transactions…

November 1, 2025 07:20 IST

Budget 2026-27: 5 big income tax changes taxpayers are eagerly waiting for

As the Modi government gears up for Budget 2026-27, taxpayers across India are hoping for meaningful relief, easier compliance, and…

October 30, 2025 22:12 IST

Sachin Tendulkar called himself an ‘actor’, not a cricketer — here’s how it saved him Rs 58 lakh in taxes

In an interesting case from over a decade ago, cricket icon Sachin Tendulkar convinced the Income Tax Appellate Tribunal (ITAT)…

October 28, 2025 05:29 IST

10 common bank transactions that can put your savings account under Income Tax Department's radar

10 common bank transactions that can put your savings account under Income Tax Dept’s radar

Your regular bank transactions like cash deposits, withdrawals, property payments or credit card bills may be under the Income Tax…

October 21, 2025 13:19 IST

Income tax refunds drop 16% this year despite 6% rise in net direct tax collection

Interestingly, corporate tax refunds jumped over 16% year-on-year to Rs 1.40 lakh crore from Rs 1.20 lakh crore. However, non-corporate…

October 14, 2025 12:38 IST

Income Tax Return AY 2025-26: What happens if you don't file ITR at all this year?

ITR AY 2025-26 deadline over: What if you miss filing your Income Tax Return completely this year?

The Income Tax Return (ITR) filing deadline for AY 2025-26 has ended for non-audit taxpayers on September 16, 2025. If…

October 11, 2025 18:09 IST

Belated ITR filing AY 2025-26: Will you get interest on income tax refund due amount?

If the return was filed within the due date (16th September for FY 2024–25), the interest on the refund will…

October 8, 2025 19:26 IST

Is ITR filing due date in audit cases extended to Nov 30? Here's all taxpayers should know

Is ITR filing due date in audit cases extended to November 30? Here’s all taxpayers should know

The Gujarat High Court has asked the Central Board of Direct Taxes (CBDT) to explain why it did not extend…

October 3, 2025 18:15 IST

IRS faces tax deadline pressure as shutdown leaves half its staff furloughed

Income Tax Dept waives interest on late payment of tax demands for THESE taxpayers

Section 87A provides tax exemption to small taxpayers if their total income is below a certain limit (currently ₹7 lakh).…

September 27, 2025 12:37 IST

Relief for taxpayers: Tax Audit Report filing due date extended - Check new deadline

Relief for taxpayers: CBDT extends due date for filing tax audit reports – Check new deadline

This comes on the heels of two High Courts in the country – the Karnataka High Court and the Rajasthan…

September 25, 2025 17:00 IST

Income tax refunds stuck? Taxpayers with inflated old regime claims facing additional scrutiny

Income tax refunds stuck? Taxpayers with ‘inflated claims’ under old regime facing additional scrutiny – Details here

Income tax refunds for AY 2025-26 are facing delays as the department increases scrutiny of old tax regime claims. Experts…

September 24, 2025 15:41 IST

Is Income Tax Department processing smaller refunds faster than larger ones?

Taxpayers awaiting their refunds are taking to social media to complain about long delays in refunds. There are frequent complaints…

September 23, 2025 12:18 IST

Income tax refunds drop 24% even as net direct tax collections grow in FY26- Check full details

Income tax refunds drop 24% even as net direct tax collections grow – Check full details

Between April 1 and September 17, 2025, the government issued income tax refunds of only Rs 1.61 lakh crore. This…

September 19, 2025 12:17 IST

Income tax refund above Rs 50,000: Does Income Tax Department delay big refunds?

With the ITR filing deadline of September 16, 2025 now over, many taxpayers are awaiting their income tax refund. Many…

September 18, 2025 11:57 IST

Marico, IT, income tax, industry, Shares of Marico, BSE

Marico under tax cloud; IT survey done at premises

The income tax department conducted a survey at Marico’s premises led by its Mumbai unit, deploying around 200 officers. While…

September 17, 2025 19:58 IST

ITR filing 2025: Missed the deadline? Now file belated ITR – know penalty and last date

Missed the ITR filing 2025 deadline? You can still file a belated ITR for AY 2025-26. This year, the deadline…

September 17, 2025 13:39 IST

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