Income Tax
Finance Minister Nirmala Sitharaman has unveiled PRARAMBH 2026, a new initiative by the Income Tax Department aimed at simplifying tax processes and enhancing taxpayer …
Income Tax
The Income Tax Department has updated the Annual Information Statement to display foreign asset information for the past three calendar years, making it easier …
Income Tax
The Income Tax Department is unlikely to extend the July 31 filing deadline for AY 2025-26, signaling a return to strict compliance timelines. Taxpayers …
Income Tax
Karnataka High Court rules that income tax orders remain valid even when the Document Identification Number (DIN) is communicated through a separate intimation after …
Income Tax
Moving abroad doesn't automatically end your tax obligations in India. Understanding residential status and income sources is crucial for NRIs to determine their filing …
Income Tax
Net direct tax collections have surged to Rs 6.51 lakh crore by mid-July, reflecting robust economic activity and improved tax compliance across corporate and …
Income Tax
The Delhi High Court will consider a petition concerning the tax treatment of judicial allowances under India's new income-tax regime, raising questions about exemptions …
Income Tax
The government has notified comprehensive income tax rules effective April 1, 2026, introducing a modernized compliance framework. Here's what taxpayers need to know about …
Income Tax
Filing your income tax return correctly is crucial to avoid penalties ranging from late fees to hefty fines. Here are the most common mistakes …