 "What is Income tax")
Income tax
What is Income tax
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Latest Updates on Income tax
Rajasthan tax department expands probe into evasion, false claims
Rajasthan's State Tax Department detected potential tax liability of ₹22.79 crore at over 25 establishments during its crackdown on suspected GST evasion and fraudulent ITC claims.
 "Rajasthan tax department expands probe into evasion, false claims")
SC says CBDT circular not binding in courts, rejects Section 80HHC claim
The court said export quota premium could not be treated as export income because the transaction did not involve receipt of foreign exchange
 "SC says CBDT circular not binding in courts, rejects Section 80HHC claim")
Net direct tax mopup rises 13% to ₹12.12 trillion till September 17
Net direct tax collections rose 13% to ₹12.12 trillion, with corporate tax and STT driving growth despite a sharp rise in refunds
 "Net direct tax mopup rises 13% to ₹12.12 trillion till September 17")
SC stays Punjab & Haryana HC ruling striking down Income-tax Section 147A
The dispute concerns whether tax reassessment notices can be issued by jurisdictional assessing officers or must be routed through the faceless assessment mechanism
 "SC stays Punjab & Haryana HC ruling striking down Income-tax Section 147A")
35 yrs of liberalisation: Tax system makes progress, but reforms unfinished
India's tax system has come a long way since 1991, but simplifying GST, clearing tax disputes and improving taxpayer services remain key priorities
 "35 yrs of liberalisation: Tax system makes progress, but reforms unfinished")
Delhi HC quashes seven ITAT orders in Patanjali case, flags 'undue haste'
The Delhi High Court found procedural deficiencies and lack of reasoning in the ITAT's handling of seven appeals, and ordered fresh adjudication by another bench
 "Delhi HC quashes seven ITAT orders in Patanjali case, flags 'undue haste'")
You have a salary and a side hustle. Here's how your tax really works
The salary is largely fixed once your deductions are set, but the freelance side is where the planning happens, presumptive taxation keeps it simple and light.
 "You have a salary and a side hustle. Here's how your tax really works")
ITR filing for AY27 touches record 78 million till August 31: I-T dept
More than 78 million income tax returns were filed for AY 2026-27 by August 31, including over 59 million ITR-1 and ITR-2 returns filed by July 31
Income-tax dept working to bring clarity in international cases: Official
The department is working with taxpayers and other stakeholders to reduce ambiguity and improve consistency as cross-border transactions and business structures become more complex
 "Income-tax dept working to bring clarity in international cases: Official")
Suspicious foreign remittances under income tax department scanner
Entities located in districts along India's land borders and remitting significant amounts of money abroad have also been covered in the exercise
 "Suspicious foreign remittances under income tax department scanner")
Tax Bill to widen steps to attract foreign investment, ease rules
The government plans to widen tax incentives for offshore funds, electronics, data centres and diamond trading to attract long-term foreign investment and boost ease of doing business
 "Tax Bill to widen steps to attract foreign investment, ease rules")
Govt to push Tax Amendment Bill for global bond funds amid Parliament din
The administration plans to table the Income Tax Amendment Bill in the lower house of Parliament as early as next week to replace the ordinance notified early June
 "Govt to push Tax Amendment Bill for global bond funds amid Parliament din")
Can UPI, NEFT or RTGS transfers trigger income-tax notice? What to know
Tax experts say one of the biggest misconceptions among taxpayers is that the income-tax department watches every small UPI transaction in real time
 "Can UPI, NEFT or RTGS transfers trigger income-tax notice? What to know")
Income tax notice to a deceased person: How should legal heirs respond?
Legal heirs must bear in mind that the income tax return for the year of death must be filed and tax, if due, must be paid
 "Income tax notice to a deceased person: How should legal heirs respond?")
Number of individuals reporting ₹100 crore-plus income rises to 576
The government told the Lok Sabha that the number of taxpayers reporting gross total income of ₹100 crore or more has quadrupled since assessment year 2021-22
 "Number of individuals reporting ₹100 crore-plus income rises to 576")
Don't make citizens run from pillar to post: Sitharaman to I-T officials
She also went public with her disappointment at the "laidback" nature of government departments, which leads to illegal occupation or encroachments on government lands
 "Don't make citizens run from pillar to post: Sitharaman to I-T officials")
Tax laws are made for the living; I-T notice to dead person invalid: HC
Allahabad High Court said tax authorities cannot make an invalid notice valid by later adding a legal heir, and must instead issue fresh notice directly to legal representative within prescribed time
HC stays CBDT circular denying tax relief to judges under new tax regime
The court said the issue requires detailed examination and directed the Income Tax Department not to process judges' returns under the disputed arrangement
 "HC stays CBDT circular denying tax relief to judges under new tax regime")
Income-tax return e-filing portal largely stable, govt tells Lok Sabha
Contractual penalties imposed on Infosys for delay in IEC project, outages
 "Income-tax return e-filing portal largely stable, govt tells Lok Sabha")
Investing abroad? Here's how to report foreign assets, income in ITR filing
Complete this task with care, as failure to disclose foreign assets with an aggregate value exceeding ₹20 lakh can attract a penalty of ₹10 lakh under the Black Money Act
 "Investing abroad? Here's how to report foreign assets, income in ITR filing")