The Income Tax Appellate Tribunal in Delhi has made waves with its recent ruling. Taxpayers can now benefit from capital ...

Also known as searches, income tax raids are typically a 'search and seizure' operation under Section 132 of the Income Tax ...

The 2025 Act introduces compulsory tax audit for businesses declaring profits below 6% or 8% of turnover. The shift eliminates the earlier opt-out condition, expanding audit applicability from ...

The Kerala High Court held that the Commissioner’s suo motu revision under Section 263 was unjustified, confirming that donations to other charitable trusts qualify as application of income under ...

Waaree Energies had an order book of 24GW or Rs 47,000 crore. The order book was  diversified between India (40 per cent) and ...

From November 28, 2025, CBDT will send SMS and emails to Indian taxpayers with foreign assets for voluntary disclosure.

The Kerala High Court has held that the State Bank of India (SBI) cannot be treated as an 'assessee in default' under Section ...

The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the 'high-risk' cases ...

Gifting money to your wife is legal and tax-free, but the income earned from that gift is taxed back in your hands due to the clubbing rule. So the tax saving is often minimal.

An NRI living in Dubai missed the July deadline for filing an Income Tax Return but wants to claim a refund of excess TDS ...

The Central Board of Direct Taxes (CBDT) has launched the second phase of its “NUDGE” campaign to encourage taxpayers to ...

High-risk taxpayers with substantial foreign assets and incomes who have not disclosed their details correctly in the tax ...