Income Tax
Union Finance Minister Nirmala Sitharaman has launched PRARAMBH 2026, a new initiative by the Income Tax Department aimed at transforming taxpayer services and modernizing …
Income Tax
The Income Tax Department has released the ITR-7 Excel utility for Assessment Year 2026-27, enabling trusts, political parties, and research institutions to prepare and …
Income Tax
The Income Tax Department has enhanced the Annual Information Statement to display foreign asset details for the past three calendar years, making it easier …
Income Tax
The Income Tax Department is unlikely to extend the July 31 deadline for filing returns. Taxpayers should prepare to submit their ITR on time …
Income Tax
Karnataka High Court rules that income tax orders remain valid if the Document Identification Number is provided through separate communication after the original order, …
Income Tax
The country's net direct tax collections have shown robust growth, reflecting improved compliance and economic recovery. Here's what drives these numbers and what they …
Income Tax
India's net direct tax collections have grown 16.4% year-on-year, reaching Rs 6.51 lakh crore as of July 13, reflecting robust economic growth and improved …
Income Tax
India's net direct tax collections reached Rs 6.51 lakh crore by mid-July, reflecting robust economic activity and improved compliance. This growth signals both economic …
Income Tax
A petition before the Delhi High Court challenges how judicial allowances are treated under India's new income-tax regime, raising questions about tax neutrality for …