Income Tax Department slaps Rs 944.20 crore fine on IndiGo, airline calls it ‘erroneous’ In a regulatory filing on Sunday, IndiGo clarified that the penalty was based on a misunderstanding by the Income Tax… 1 year agoMarch 30, 2025
Income tax offices to remain open on coming Saturday, Sunday and Eid – Know why The financial year ends on March 31 and before that most people complete their financial and tax-related activities every year.… 1 year ago
New Tax Rule: Govt to match your current ITR with previous year’s to find inconsistencies – Details here If you file Income Tax Return (ITR) every year, then you will need to be more cautious than before while… 1 year ago
New I-T Bill may get House nod in monsoon session The new Income Tax Bill, aimed at simplifying direct tax laws, will be discussed in Parliament’s monsoon session. The Finance… 1 year agoMarch 25, 2025
Tax sleuths to target undisclosed income only Govt proposes amendment to Finance Act 2025, clarifying search and seizure focus on undisclosed income, strengthening compliance and reducing tax… 1 year agoMarch 25, 2025
March 2025 Tax Alert: Miss these deadlines and you could lose exemptions, face fines It is very important to follow the deadline for filing tax, otherwise you will not get the benefit of tax… 1 year ago
Advance tax alert! March 15 deadline nears – Are you liable to pay? Find out now Advance tax is the income tax that individuals and businesses have to pay in installments throughout the financial year, rather… 1 year ago
Income Tax crackdown! Donors to political parties under scanner – Are you on the list? According to reports, about 9,000 people donated Rs 5 lakh or more in the financial year 2020-21 and claimed tax… 1 year ago
Under tax radar due to high income and low withdrawals? Here’s how you can avoid tax investigation File all income like salary, rental income, capital gains, business income, interest and dividends correctly in your Income Tax Return… 1 year ago
Tax officials given more power than ever to raid, seize digital assets, attach properties – Details inside New Income Tax Bill: With this proposed law, which is expected to come into force from April 1, 2026, the… 1 year agoMarch 8, 2025
Can tax officials really ask you about daily rations and toiletries? Here’s what experts say According to reports, the Income Tax Department is asking taxpayers for full details of their monthly ration expenses, including the… 1 year ago
Tax e-filing: New banks enabled for online tax payments via e-pay tax service – Check the entire list of banks With the Income Tax Department enabling more banks to facilitate tax payments, taxpayers can pay their regular income tax, advance… 1 year agoMarch 6, 2025
‘Assault on our rights…get a court order’, Mohandas Pai blasts rule allowing tax officials track e-mails, social media accounts Pai’s comments came in response to news reports suggesting the New Income Tax Bill has a provision that allows the… 1 year agoMarch 6, 2025
Major changes in TDS and TCS rules from April 1: Here’s all you need to know Major changes in TDS and TCS rules applicable from Apr 1, common taxpayers, traders to get relief 1 year ago
Income tax officials can access your email, social media accounts from next year: Report This new provision will come into effect under the proposed Income Tax Bill and will make the process of tax… 1 year ago
Income Tax Department investigating unlisted share transactions, tax evasion in OFS deals: Report The investigations are related to cases where promoters, their anchor investors, and their anchor investors have acquired unlisted shares before… 1 year agoMarch 3, 2025
Income Tax cracking down on individuals with low fund withdrawals, suspicious spending patterns: Report The I-T department has asked for a detailed breakup of the low fund withdrawals which include how much was spent… 1 year agoMarch 5, 2025
Disputed, unrealised tax a bane CBDT & finance ministry should be held accountable for gross mismanagement of assessment system. 1 year agoFebruary 23, 2025
Woman declares Rs 4.81 lakh income but pays Rs 50 lakh LIC premium — here’s how tax dept treated the mismatch
Woman receives Rs 33 lakh property as gift, gets tax notice: ITAT explains when a gift becomes taxable
NRI bought Rs 2 crore Mumbai flat, got notice for ‘unexplained money’ — ITAT clarifies tax rule on foreign income
