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

Rs 15.85 lakh annual salary, Rs 0 tax? Here’s how new tax regime makes it possible

A salaried individual earning Rs 15.85 lakh annually can reduce tax liability to zero under the new tax regime —…

April 14, 2026 19:18 IST

Actor Vijay paid Rs 1.5 crore penalty on Rs 15 crore cash found at home; I-T rules allow up to 200% — why just 10%?

Income tax penalties can go up to 200% depending on under-reporting or misreporting of income, the recent case involving Vijay…

April 14, 2026 17:03 IST

No property in your name, yet tax exemption? ITAT gives big relief

Taxpayer sells 5 villas and reinvests in a property in sister’s name — still gets capital gains tax relief; here’s how

An NRI taxpayer who sold five villas for Rs 5.26 crore secured a Rs 2.80 crore capital gains exemption under…

April 9, 2026 17:43 IST

Claiming cash gift for land purchase? ITAT says evidence matters more than explanation

Woman buys property using cash gift from husband, lands in tax trouble — here’s what ITAT rules

A Rs 5.58 lakh agricultural land purchase turned into a tax dispute after the taxpayer gave different explanations for the…

April 8, 2026 18:20 IST

Old vs New Tax Regime: Which one actually helps you build wealth?

Choosing between the old and new tax regimes is no longer just about saving tax. Your decision directly impacts how…

April 6, 2026 13:26 IST

ITAT flags flaw in cash deposit cases: Can tax dept treat deposits and withdrawals both as income?

Vegetable vendor’s Rs 2.96 crore withdrawals, Rs 45 lakh deposits under tax dept radar after no ITR; ITAT steps in

A vegetable vendor faced a tax addition of Rs 3.53 crore after failing to file an ITR and respond to…

April 5, 2026 18:57 IST

Got a severance payout? Oracle layoffs show why tax planning is crucial now

Oracle layoffs in India: How severance pay of employees will be taxed – key rules, exemptions

Oracle layoffs have brought severance pay and its tax treatment into focus. From salary components to exemptions and relief under…

April 3, 2026 18:59 IST

Tax twist in 2025: Why professionals opting for presumptive scheme may pay more now

Income at Rs 12–15 lakh? These taxpayers may pay Rs 1 lakh extra tax under revised rules

A small change in how presumptive taxation is interpreted under the new Income Tax Act, 2025 could lead to higher…

April 2, 2026 16:58 IST

Income tax refunds of over 1.3 lakh taxpayers put on hold, govt tells Parliament

Income tax refunds of over 1.3 lakh taxpayers put on hold due to this PAN issue – details here

Over 1.3 lakh income tax refunds worth Rs 340 crore are currently on hold due to inoperative PANs, the Finance…

April 2, 2026 13:35 IST

From tax planning to SIPs: 7 money mistakes to avoid at the start of FY 2026-27

The start of the financial year is the best time to get your money plans right—but many investors end up…

April 1, 2026 22:16 IST

ITR forms out but return filing for AY 2026-27 unlikely before June - know why

ITR forms out for FY 2025-26: When will e-filing start on income tax portal?

ITR forms for AY 2026-27 are out, but taxpayers can’t file returns yet. Filing is expected to start around June…

April 1, 2026 17:51 IST

New Income Tax Rules 2026: No big deductions under new regime, but these benefits can still help

New Income Tax Rules 2026: 7 lesser-known benefits in new tax regime that can help you save more tax

Most traditional deductions are no longer available under the new tax regime, the official notification on new Income Tax Rules…

April 1, 2026 15:57 IST

GST collections cross Rs 2 lakh crore again in March 2026 - What's driving tax growth

GST collections cross Rs 2 lakh crore in March 2026 – key factors driving tax growth

India’s gross GST collections stood at over Rs 2 lakh crore in March, marking a significant milestone and reinforcing the…

April 1, 2026 13:17 IST

New Income Tax Rules kick in April 1: Old vs new tax regime—Who gains more?

New Income Tax rules kick in: Old vs new regime — What changes in deductions, exemptions and rebates for taxpayers?

New Income Tax Rules have come into effect from April 1, bringing key changes in exemptions, allowances, and perquisites. While…

April 1, 2026 07:15 IST

ITR forms for AY 2026-27 notified: New disclosures may catch salaried, NRIs off guard — check what's changed

ITR forms for AY 2026-27 notified: New disclosures may surprise salaried taxpayers – check what’s changed

With the new financial year now underway, the CBDT has already notified all ITR forms for AY 2026-27. Experts say…

Updated: April 1, 2026 09:11 IST

Old income tax laws to stay alongside new rules — here’s why they won’t go away soon

Old income tax laws will continue alongside the new Income-tax Act, 2025 for several years due to pending cases and…

Updated: April 1, 2026 08:55 IST

Applying for PAN? New rules from April 1 change process, documents – check details

With the new financial year now underway, new rules for the Permanent Account Number (PAN) have come into effect from…

Updated: April 1, 2026 09:14 IST

Have foreign stocks or accounts? One mistake in ITR can cost you Rs 10 lakh

Holding foreign stocks, bank accounts or ESOPs? A small mistake in reporting them in your ITR can lead to a…

March 30, 2026 13:35 IST

Taxation

Related News

Trending Topics