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Union Finance Minister Nirmala Sitharaman has given strict instructions to the Income Tax Department to work for the welfare of the general public. He told the officers not to make the common people go from one office to another for their work. Sitharaman had arrived on Sunday, July 26 to inaugurate the 13-storey ‘Aaykar Sindhu’…
Union Finance Minister Nirmala Sitharaman has given strict instructions to the Income Tax Department to work for the welfare of the general public. He told the officers not to make the common people go from one office to another for their work. Sitharaman had arrived on Sunday, July 26 to inaugurate the 13-storey ‘Aaykar Sindhu’…
New Delhi15 minutes ago copy link Income tax return i.e. ITR filing for the financial year 2025-26 has started. The last date for filing returns for general taxpayers is July 31, 2026. Whereas for some people of business class (ITR-3 and 4) it is 31st August. If you miss the deadline by July 31, you…
New Delhi14 minutes ago copy link The Income Tax Department has made the Excel utility of ITR Form-2 live for the assessment year 2026-27 (Financial Year 2025-26). Now taxpayers can prepare their tax calculations by downloading it from the department’s portal. Earlier, the department had started the facility of ITR-1 and ITR-4 on May 17….
Last Updated:March 20, 2026, 5:01 PM IST The Income Tax Department has notified the new Income-tax Rules, 2026, marking a significant overhaul of the decades-old tax framework. Income Tax Rules 2026: Major changes that will impact your pocket The Income Tax Department has notified the new Income-tax Rules, 2026, marking a significant overhaul of the…
Bengaluru16 minutes ago copy link CJ Roy, Chairman of Confident Group. Income Tax Department raid was going on at his office and house for three days. Confident Group Chairman CJ Roy committed suicide by shooting himself at the company’s office near Richmond Circle in central Bengaluru on Friday. According to the police, the incident occurred…
New Delhi: India’s net direct tax collections for the financial year 2025–26 recorded strong growth of 8.82%, reaching Rs 18.38 lakh crore as of January 11, 2026, compared with Rs 16.89 lakh crore collected during the same period last year, according to official data released by the Income Tax Department on Monday. Gross direct tax…
Transactions Tracked By Income Tax Department: Imagine you buy a coffee, pay for your movie ticket, or transfer money to a friend. Most of these everyday transactions go unnoticed, yet some payments, investments, and bank movements quietly catch the attention of the Income Tax Department. Have you ever wondered why certain transactions are tracked while…
New Delhi3 minutes ago copy link The Additional Commissioner of CGST, Delhi South Commissionerate has imposed a fine of more than ₹458 crore on the country’s largest airline IndiGo. The company said on Tuesday that this penalty is related to the assessment for the financial year 2018-19 to 2022-23 under Section 74 of the Central…
New Delhi: A viral message doing the rounds on social media has left many taxpayers worried. The claim suggests that from April 1, 2026, the Income Tax Department will be able to access people’s social media accounts, emails and other digital platforms to crack down on tax evasion. With the post sparking confusion and concern,…