Income Tax
The Income Tax Department has enhanced its Annual Information Statement portal to display foreign asset information for the past three calendar years, making compliance …
Income Tax
The Income Tax Department is unlikely to extend the July 31 deadline for filing returns this year. Taxpayers should complete their ITR submissions promptly …
Income Tax
Karnataka High Court rules that income tax orders remain valid even if the Document Identification Number is provided through a separate communication after the …
Income Tax
The country's net direct tax collections have surged to Rs 6.51 lakh crore, reflecting robust economic growth and improved compliance. This significant increase indicates …
Income Tax
India's net direct tax collections have grown to Rs 6.51 lakh crore as of mid-July, reflecting a robust 16.4% year-on-year increase driven by improved …
Income Tax
India's net direct tax collections have shown robust growth, reaching Rs 6.51 lakh crore by mid-July, reflecting improved compliance and economic recovery. The substantial …
Income Tax
A petition regarding the taxation of allowances paid to judges under India's new income-tax regime is set to be heard by the Delhi High …
Income Tax
The government has notified the Income Tax Rules 2026, introducing a new compliance framework effective April 1. Here's what taxpayers need to know about …
Income Tax
Filing your income tax return incorrectly or late can lead to severe financial consequences, from modest late fees to penalties reaching 200% of the …