Woman declares Rs 4.81 lakh income but pays Rs 50 lakh LIC premium — here’s how tax dept treated the mismatch A woman who declared just Rs 4.81 lakh income in her ITR faced a major tax setback after paying a… 5 months ago
No jail for TDS, ITR lapses? BCAS urges govt to fully decriminalise technical errors In its post-Budget memorandum on the Finance Bill 2026, the Bombay Chartered Accountants’ Society (BCAS) has urged the government to… 5 months ago
Woman receives Rs 33 lakh property as gift, gets tax notice: ITAT explains when a gift becomes taxable A Rs 33 lakh property gift turned into a tax battle after the department treated it as income under Section… 5 months ago
NRI missing ITR filing slapped with 78% tax notice on property payment — ITAT steps in An NRI faced a proposed 78% tax after ₹14.70 lakh of his property payment was made through his mother’s account… 5 months ago
NRI bought Rs 2 crore Mumbai flat, got notice for ‘unexplained money’ — ITAT clarifies tax rule on foreign income A Dubai-based NRI who bought a ₹2 crore flat in Mumbai without filing an ITR in India received a tax… 5 months ago
New HRA claim rules under Income-tax Act 2025: Rent paid to relatives to face scrutiny – here’s what changes Salaried employees claiming HRA may soon face tighter disclosure norms under the Draft Income-tax Rules, 2026. The CBDT has proposed… 5 months ago
Income tax notice to high earners: How a Rs 10.65 lakh wrong deduction triggered Rs 9.44 lakh demand and 200% penalty A high-income taxpayer’s Rs 10.65 lakh wrong deduction claim resulted in a Rs 9.44 lakh additional tax demand, including a… 5 months ago
Income Tax Refund scam alert: Fake refund message costs taxpayer Rs 1.5 lakh — Here’s how you can stay safe Amid growing concerns over income tax refund delays, scammers are targeting anxious taxpayers with fake “pending refund” messages. After one… 5 months ago
Deleted bills, common software: How data helped uncover Rs 70,000 cr tax evasion scam The investigation also identified five states as key centres of suspected tax evasion: Tamil Nadu, Karnataka, Telangana, Maharashtra and Gujarat. 5 months agoFebruary 20, 2026
Income tax alert: Many high earners above Rs 50 lakh a year under tax scanner for underreporting, exemption misuse The Income Tax Department has reportedly begun issuing bulk communications under its “NUDGE” initiative to individuals earning over Rs 50… 5 months ago
New LTC rules from April 1: Know what changes for taxpayers under new income tax law The draft Income-tax Rules, 2026 clarify that Leave Travel Concession (LTC) exemption will continue largely unchanged under the new Income… 5 months ago
New Section 247 in I-T Act gives unlimited power to tax officials to access emails, social media using AI? Govt clarifies Does Section 247 of the new Income-tax Act, 2025 give tax officials unlimited powers to access emails and social media… 5 months ago
I-T Department speeds up refund processing amid multiple taxpayer complaints: Report Experts noted that while the recent payouts provide relief, a number of high-value refunds are still pending. 5 months agoFebruary 14, 2026
Tax refunds delay: Nearly 24 lakh ITRs pending for processing for more than 90 days, govt explains why Nearly 24.6 lakh income tax returns are pending for processing for over 90 days, the government told Parliament, citing technology-driven… 5 months ago
Relief for old tax regime taxpayers as draft income tax rules hint old system to continue The draft income tax rules, which have been floated for comments from different stakeholders including the public, explain how the… 5 months ago
Employee allowances to PAN requirements for cash deposits and car purchases – New I-T draft rules explained The proposed Income Tax Rules will be will be notified by the first week of March after incorporating public comments.… 5 months ago
Govt publishes draft income tax rules 2026: How ITR-1 to ITR-7 may change for taxpayers From April 1, 2026, India’s new Income-tax Act, 2025 will reshape how taxpayers file their returns. While ITR-1 to ITR-7… 6 months ago
Madras HC rejects Vijay’s plea that challenges Rs 1.5 crore penalty in additional income case Jana Nayagan actor Vijay’s plea has been rejected by the Madras High Court after he challenged a Rs 1.5 crore… 6 months agoFebruary 6, 2026
Woman shows Rs 18 lakh salary in ITR, receives Rs 3.12 lakh tax demand due to employer’s TDS default; ITAT steps in
PSU employee gets Rs 19 lakh leave encashment, faces income tax demand on Rs 16 lakh – ITAT ruling say this
Taxpayer shows Rs 6 lakh income in ITR, gives Rs 5 lakh cash loan; gets steep tax demand, ITAT intervenes
Man buys Rs 53 lakh property, registers in wife’s name; tax department raises Rs 42 lakh demand – ITAT says this
