From April 1, your salary may look different — but your tax outgo is the real change From April 1, salary structures may become simpler and more direct as the new tax regime takes centre stage, shifting… 4 months ago
Shilpa Shetty gets Rs 12.54 crore gift from Raj Kundra, his income Rs 27.71 lakh; tax dept flags mismatch – what ITAT said The ITAT Mumbai has sent back Shilpa Shetty Kundra’s ₹12.54 crore gift case for fresh examination after finding gaps in… 4 months ago
10 big income tax changes from April 1: From Rs 2 crore digital tax trigger to tighter salary perks—what you need to know From taxing global digital firms to redefining employee perks and valuation rules, the newly notified Income Tax Rules 2026 signal… 4 months ago
Income Tax Rules 2026 notified: HRA benefit expanded, allowances jump — full list of changes from Apr 1 The government has notified the new Income Tax Rules 2026, effective April 1, bringing key changes in HRA, allowances, and… 4 months ago
Woman sells India property and reinvests in US home; tax exemption denied — ITAT gives relief on THIS ground The ITAT has ruled that taxpayers can claim Section 54 exemption on capital gains for properties purchased outside India, provided… 4 months ago
Last chance to fix ITR errors: How ITR-U works and who can file to report missed income Missed reporting income or made errors in your ITR? Taxpayers can still correct mistakes using ITR-U. With March 31 approaching,… 4 months ago
Taxpayer buys 2 flats from old property capital gains; tax dept denies exemption on second — how ITAT ruled ITAT Delhi has ruled that before 2015, taxpayers could claim Section 54 exemption on more than one house. In this… 4 months ago
Gurugram man gets Rs 9.8 crore discount on Rs 33 crore flat; Income Tax Dept treats it as income — how ITAT ruled A Gurugram man bought a Rs 23 crore flat and received a Rs 9.8 crore builder discount, which the Income… 4 months ago
WhatsApp chats lead to Rs 22.5 crore tax demand for a taxpayer – ITAT ruling clarifies what counts as evidence ITAT Delhi deleted a Rs 22.5 crore tax addition made on the basis of WhatsApp chats and third-party digital data,… 4 months ago
Why one family pays Rs 1.92 lakh tax while another pays zero: Raghav Chadha pitches joint ITR filing for couples Rajya Sabha MP Raghav Chadha has proposed allowing married couples to file joint income tax returns in India. The move,… 4 months ago
New income tax rules from April 1, 2026: 10 major changes every taxpayer should know From April 1, 2026, new Income-tax Rules will change how salary perks, employer housing, car benefits, loans and gifts are… 4 months ago
Property sale: Tax dept denies Section 54 exemption for not depositing in capital gains account; ITAT grants relief The Income Tax Appellate Tribunal allowed Section 54 exemption to a taxpayer who failed to deposit capital gains in the… 4 months agoMarch 17, 2026
Taxpayer sells one house and buys 7 flats with capital gains. Tax dept denies benefit — here’s what ITAT rules The ITAT Delhi has ruled that multiple adjacent flats can qualify as one residential house for Section 54 capital gains… 4 months ago
Relief for taxpayers: Tax additions cannot be based solely on statements recorded during inquiry, says ITAT The Income Tax Appellate Tribunal (ITAT) has ruled that additions under Section 68 of the Income-tax Act cannot be sustained… 4 months ago
Salaried man shows Rs 7 lakh income but Rs 2 lakh political donation in ITR: How ITAT treats the mismatch The Mumbai ITAT has rejected a taxpayer’s claim for tax deduction on a Rs 2 lakh political donation, ruling that… 5 months ago
Crypto holdings face stricter reporting: Govt tweaks income tax rules under CRS framework The government has amended the Income-tax Rules to widen financial account reporting, bringing crypto assets, central bank digital currencies (CBDCs)… 5 months ago
Income Tax Dept begins probe into restaurants allegedly hiding sales through billing software manipulation The Income Tax Department has launched a nationwide verification drive to check whether restaurants have under-reported sales after officials detected… 5 months ago
Advance tax payment final deadline on March 15: Who must pay and what happens if you miss it The final advance tax deadline is March 15. Taxpayers whose tax liability exceeds ₹10,000 after TDS must pay advance tax… 5 months ago
Man deposits Rs 12 lakh belonging to relatives in his bank account; I-T dept raises steep tax demand, ITAT steps in
Man buys Rs 50 lakh property, gets Rs 25 lakh tax demand from I-T Dept; here’s how ITAT gives him relief
Income Tax Dept identifies 20,000 ‘swapped provisions’ cases: How to correct your ITR before penalties?
