Income Tax
Union Finance Minister Nirmala Sitharaman has unveiled PRARAMBH 2026, a new initiative by the Income Tax Department aimed at transforming taxpayer services and modernizing …
Income Tax
Moving abroad doesn't automatically exempt you from Indian tax obligations. Understanding residential status and income sources is crucial for NRIs to determine their ITR …
Income Tax
The Karnataka High Court has ruled that income tax orders remain valid even when the Document Identification Number is provided through a separate communication …
Income Tax
The Income Tax Department appears firm on the July 31 deadline for filing returns. Here's why taxpayers should not expect an extension this year …
Income Tax
The Income Tax Department has enhanced the Annual Information Statement to display foreign asset information for three calendar years, helping taxpayers track overseas holdings …
Income Tax
India's net direct tax collections have grown 16.4% year-on-year, reaching Rs 6.51 lakh crore by mid-July, reflecting strong economic momentum and improved compliance across …
Income Tax
The Delhi High Court will examine whether judicial officers' allowances should remain tax-exempt under the new income tax regime, a case that could impact …
Income Tax
The government has officially notified the Income Tax Rules 2026, introducing a new compliance regime effective April 1. Here's what taxpayers need to know …
Income Tax
Filing income tax returns may seem straightforward, but common errors can trigger hefty penalties ranging from late fees of Rs 5,000 to penalties as …