Taxation News: Taxation Latest News, Taxation Today news, Taxation Breaking News

Income-tax appeals: Govt withdraws nearly 6,000 cases after raising monetary limits; over 17,000 more not filed

Income tax disputes: Appeals below Rs 60 lakh, Rs 2 crore and Rs 5 crore face new rules; over 17,000 cases dropped

The government has raised the tax-effect limits for filing income-tax appeals, leading to thousands of appeals being withdrawn or not…

August 13, 2026 18:02 IST

States can’t tax minerals under new Bill, Centre says multiple levies hamper mining sector’s growth

The tax burden on India’s mineral sector is among the highest in the world, with the effective tax rate, including…

Updated: August 11, 2026 06:15 IST

Big tax change for REIT, InvIT investors: What the 2026 Tax Bill means for investors

Big tax change for REIT, InvIT investors: What the 2026 Taxation Bill means for investors

The Taxation and Other Laws (Amendment) Bill, 2026 proposes to restore the tax exemption on eligible REIT and InvIT dividend…

August 7, 2026 17:57 IST

ESOP buyback payouts cannot be taxed as salary if options were never exercised, rules ITAT

Salary or capital gains? ITAT clarifies tax treatment of ESOP buyback payouts in Flipkart employee’s case

The Bengaluru ITAT has ruled that money received from the buyback of vested but unexercised ESOPs cannot be taxed as…

August 6, 2026 14:24 IST

ITR filing deadline Today July 31, 2026 LIVE Updates

Income tax return deadline 2026 Highlights: ITR filing due date is 31st August now for these taxpayers; check latest updates

ITR Income Tax Return Deadline Today Highlights: July 31 was the last date to file Income Tax Return (ITR) for…

Updated: August 1, 2026 17:03 IST

ITR Filing Deadline July 31, 2026 LIVE Updates

ITR Deadline Extension Highlights: July 31 is not the last date for every taxpayer; check latest updates on return filing and refund status

The July 31 ITR filing deadline is fast approaching, but millions of taxpayers are yet to file their returns. Stay…

Updated: July 31, 2026 09:00 IST

Don’t Blindly Trust Your AIS: Why Relying Only on Tax Portal Data Can Lead to ITR Notices

Your Money: Your AIS isn’t the last word on your taxable income

While the Annual Information Statement (AIS) simplifies income tax return filing, relying on it without verifying bank statements, capital gains,…

July 27, 2026 01:35 IST

Foreign salary credited to NRE account: Why ITAT gave relief to an NRI in ₹45.66 lakh tax dispute

NRI gets Rs 46 lakh foreign salary in NRE account, faces tax demand of over Rs 12 lakh; ITAT says this

Can foreign salary become taxable in India just because it is credited to an NRE account or TDS is deducted…

July 21, 2026 20:30 IST

Man sells house for ₹1.10 crore; Income Tax calculates capital gains on ₹1.96 crore. What ITAT said

Man sells house for Rs 1.10 crore; Income Tax calculates capital gains on Rs 1.96 crore – what ITAT says

Can Income Tax calculate capital gains on a higher value than the price at which you sold your house? In…

July 17, 2026 19:42 IST

Taxpayer declares Rs 4.23 lakh income, faces Rs 1.52 crore tax demand over alleged interest on loan; ITAT says this

Taxpayer declares Rs 4.23 lakh income, faces Rs 1.52 crore tax demand over alleged loan interest earned; ITAT says this

Can the Income Tax Department make a tax addition merely because a loose sheet found during a search on someone…

July 14, 2026 20:35 IST

Not filing your ITR could do more than delay your refund. In some cases, it can even lead to prosecution

Man skipped ITR filing, sentenced to 1-year jail 11 years later – why timely tax return filing matters

Not filing your Income Tax Return (ITR) can have consequences far beyond a delayed refund or a late filing fee.…

July 8, 2026 17:14 IST

Got 23 flats under a redevelopment deal, received an ₹8 crore tax demand; ITAT says this

Man gets 23 flats from builder, seeks tax exemption on all units after Rs 8 crore LTCG demand; ITAT says this

The Bengaluru ITAT has ruled that although a Joint Development Agreement triggered capital gains tax when possession of land was…

July 7, 2026 14:53 IST

Business loses Rs 2.69 crore in NSEL crisis, writes it off as bad debt; tax department objects, ITAT says this

Trader suffers Rs 2.69 crore business loss, writes it off in books; Income Tax Dept rejects claim, ITAT says this

The Ahmedabad ITAT has ruled that a taxpayer can claim a bad debt deduction even if recovery proceedings are still…

July 3, 2026 19:57 IST

Man deposits Rs 12 lakh belonging to relatives in his bank account; I-T dept raises steep tax demand, ITAT steps in

The Income Tax Appellate Tribunal (ITAT), Bangalore, has ruled that cash deposits made during the 2016 demonetisation period cannot automatically…

June 30, 2026 20:51 IST

Cash deposit, UPI, RTGS or NEFT: Which bank transactions can trigger an Income Tax notice?

Which bank transactions can attract an Income Tax notice? Check SFT reporting limits for cash deposits, UPI, RTGS, NEFT, property…

June 30, 2026 15:44 IST

Man buys Rs 50 lakh property, gets Rs 25 lakh tax demand from I-T Dept; here's why ITAT gave him relief

Man buys Rs 50 lakh property, gets Rs 25 lakh tax demand from I-T Dept; here’s how ITAT gives him relief

Can the Income Tax Department make a tax addition simply because your name appears in a builder’s Excel sheet? In…

June 27, 2026 12:27 IST

TDS deducted but not deposited by employer? ITAT explains who is really responsible

Woman shows Rs 18 lakh salary in ITR, receives Rs 3.12 lakh tax demand due to employer’s TDS default; ITAT steps in

Can the Income Tax Department ask you to pay tax again even after your employer has already deducted TDS from…

June 25, 2026 17:39 IST

Employer deducted TDS, yet you received an Income Tax notice? Here's why

Salary was your only income, yet you received an Income Tax notice? Here’s why

Think your tax worries end once your employer deducts TDS? Not always. Even salaried taxpayers whose only source of income…

June 23, 2026 17:55 IST

Taxation

Related News

Trending Topics