Income Tax

The CBDT has identified six categories of taxpayers for mandatory complete scrutiny in FY27. Understanding the triggers can help taxpayers stay prepared

If you have multiple income sources, calculate the gross to find out the amount you need to pay as tax

Today's Opinion highlights the RBI's policy choices, soaring IPL franchise valuations, fiscal challenges, climate targets and a timely examination of contemporary China

The Supreme Court expressed surprise over long-pending vacancies in the Income Tax Appellate Tribunal and sought the Attorney General's assistance to expedite appointments

The Supreme Court on Tuesday sought response from the Centre on a plea regarding staff and member vacancies across the Income Tax Appellate Tribunal and asked the high courts to send judicial officers on deputation to meet the requirements. A bench of Chief Justice of India Surya Kant and Justice Joymalya Bagchi issued notice to the Centre and sought assistance from Attorney General R Venkataramani on the issue. "Petition to be supplied to the office of Attorney General to ensure that the unfilled posts are filled at the earliest in the Income Tax Appellate Tribunal. As a stop gap measure tribunals may request HC to send judicial officers on deputation where such officers can be spared," the bench said. The top court was hearing a PIL filed by a ex-vice president of the ITAT Parveen Kumar Bansal concerning vacancies in Income Tax Appellate Tribunal. Senior advocate Mukul Rohatgi, appearing for the petitioner, submitted that all posts of officers, including registrars, are lying vac

CBDT has asked banks, mutual funds and other reporting entities to ensure timely and error-free filing of Statements of Financial Transactions

Lender says it has strong legal grounds to contest the tax demand as investors cheer the end of a key regulatory overhang on the stock

Under the Insolvency and Bankruptcy Code (IBC), financially stressed companies can be taken over by new owners through a resolution process

Reconcile investment details with bank records, Form 26AS and AIS before tax filing

Employees whose cost to company includes these components may find the old regime more beneficial this year

Experts warn wider wording in new income-tax law could expand tax scope to indirect benefits, urging CBDT to clarify and prevent disputes for exporters

The Income-tax Rules, 2026, mark a major clean-up of the compliance framework

Investigators uncover foreign-marked bullion during tax raids linked to TMC MLA aide, prompting possible DRI probe amid scrutiny of asset disclosures

The Income Tax Department on Friday conducted searches at two premises linked to TMC MLA Debasish Kumar, who is seeking a re-election from the Rashbehari seat in south Kolkata, officials said. Simultaneous searches began at his house on Manoharpukur Road and his election office around 6 am, they said. The reason behind the searches was not immediately known. Kumar had recently been summoned multiple times by the Enforcement Directorate in connection with a land fraud case. He was called for questioning at the CGO Complex in Salt Lake on April 1, 3 and 9, and had appeared before the agency. The ED aimed to determine whether Kumar had any financial transactions with businessman Amit Gangopadhyay, whose property was recently searched by the central agency, officials said. Polling in the Rashbehari constituency will be held in the second phase of the assembly elections on April 29, with counting scheduled on May 4. The BJP has fielded columnist Swapan Dasgupta as its candidate in the

The Income Tax Department has issued notices to trusts and associations, flagging "commercial receipts" and questioning their eligibility for tax exemptions under the law

Experts say advance pricing agreements will continue to be preferred by large firms for flexibility, certainty, and cross-border alignment despite simplified safe harbour rules

Experts flag ambiguity over applicability of legacy circulars under the new Income-tax Act, 2025, seeking clarity to reduce disputes and ensure uniform compliance

From tax perks to higher PF deductions, April 1 brings a major reset to your salary structure. Here’s what changes, what you gain, and where you lose.

Income Tax Return (ITR) forms for Assessment Year 2026–27 (AY27) have been notified, alongside updates to the compliance mechanism and verification rules.

With high-value immovable property gifts now under SFT reporting, scrutiny will rise, making accurate disclosure of such transactions in income tax returns increasingly important