The Income Tax Department has set a crucial deadline for filing TDS and TCS correction statements. Taxpayers must ensure all ...

India's crypto ecosystem has grown at a rapid pace-and so have the country's laws concerning taxation. Crypto taxation rules ...

Husband staying in UAE gets Rs 80 lakh from brother-in-law by executing gift deed in USA, tax dept issues notice, wins case ...

Many people are receiving unexpected income tax notices questioning how they funded their land purchases. As the tax department has access to data related to property registrations, a simple mismatch ...

A petrol pump owner declared Rs 37 lakh income on Rs 37 crore turnover. He received a tax notice for Rs 14 lakh cash deposit.

New Delhi: If your savings account maintains a high balance despite low expenses, the Income Tax Department may ask you to ...

The last date to link PAN with Aadhaar is 31 December 2025. If not linked, your PAN card will become inactive, affecting tax ...

Banks deduct tax deducted at source (TDS) if FD interest exceeds Rs 1 lakh in a particular bank. TDS isn't an extra tax; it ...

The Tribunal ruled that only the part of a property actually rented can be assessed for ALV, excluding self-occupied areas under Section ...

ITAT ruled that reassessment under section 147 is valid even if based on an old PAN, as banking and TDS records may reflect its continued use. Ex parte assessment was remanded for proper ...

FBR's withholding tax collection jumps 32.7 percent to Rs1.25 trillion as stronger enforcement and better compliance boost revenue growth.

Treasury will end Direct File, an IRS bridge to your bank account.