In an important move to stop black money and tax evasion, the Supreme Court has said that all courts and property ...

The season for filing income tax returns is around the corner, and the Income Tax Department is all set to kickstart the ...

We can hate the word tax as much as we want, but the fact is that we can’t run away from it. There is little you can do in the world of business and finance without the word tax coming into the ...

the country’s top court also said that whenever a sum of ₹2 lakh or more is “claimed to be paid in cash towards consideration for the conveyance of any immovable property in a document presented for ...

Gaurav Jain, Partner, Direct Tax, Forvis Mazars in India, the nature of this entire process. He says every ITR is processed by the income tax department in a faceless manner, through a Centralized ...

EY India A salaried individual earning Rs 12.75 lakh used to pay Rs 95,000 in income tax under the current new tax regime. However, with the new proposal for the financial year 2025-26, they will not ...

The Select Committee of the Lok Sabha, which is reviewing the Income-Tax Bill, 2025, on Thursday called for suggestions and views from experts, industry associations, organisations, and other ...

The Vijay Kelkar Committee in 2002 was constituted with the objective of addressing the worsening fiscal situation of India. The recommendation of the Task Force on Direct Taxes on the treatment of ...

ITAT Delhi held that since assessee is person other than searched person, assessment should have been made under section 153C of the Income Tax Act instead of regular assessment under section 143 (3) ...

UPI transactions are also monitored by the Income Tax Department just like other forms of income. Follow Us Trending Photos New Delhi: India’s digital journey has seen a major boost with the rise of ...