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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 Delhi: A social media post is going viral that claims, from 1st April 2026, the Income Tax Department will have the authority to access your social media, emails, and other digital platforms to curb tax evasion. A post is being circulated by an X handle IndianTechGuide. Fact-checking agency PIB has refuted the social media…
New Delhi: Amidst confusions of taxpayers regarding auto generated emails related to mismatch in their Annual Information Statement (AIS), the Income Tax Department has clarified that such communication is ‘just an advisory’. The Tax Department in a post on X has acknowledged that some references have come to the notice of the Income Tax Department…
New Delhia few moments ago copy link If you have not yet filed the Income Tax Return (ITR) for the financial year 2024-25, then you can file it with late fees by 31 December 2025. That means you have less than 1 month left for this. After this you will not be able to file…
New Delhi: Several crucial deadlines have been extended in December 2025, including ITR for tax audit cases, ITR filing and PAN and Aadhaar linking. These deadlines will be crucial in ensuring that your financial affairs operate smoothly in the months ahead. Here is a quick rundown of the important deadlines for December to help you…
New Delhi: The Central Board of Direct Taxes (CBDT) on Thursday said it is launching the second ‘NUDGE’ campaign, under which SMSs and emails will be sent to high-risk taxpayers, advising them to review and revise their income-tax returns on or before December 31, 2025 to avoid penal consequences. Analysis of the Automatic Exchange of…
Hindi News Business Income Tax Return : Those With 5 10 Lakh Income Increased 3 Times In 3 Years New Delhi13 minutes agoAuthor: Gurudutt Tiwari copy link A reverse trend is being seen due to increase in income tax exemption by the Central Government. After the increase in income tax exemption, there was a fear…
New Delhi: The Income Tax Department will notify new income‑tax return (ITR) forms and related rules under the streamlined Income Tax Act, 2025, by January, and the updated regulations be effective from April 1, 2026. The updated regulations will mark the transition from the nearly six-decade old Income Tax Act of 1961, multiple reports cited…
The gross collection of Direct Taxes (before adjusting for refunds) for FY 2025-26 stands at Rs 15.35 lakh crore, as against Rs 15.03 lakh crore collected during the same period last year, showing a growth of 2.15 per cent. |Last Updated: Nov 11, 2025, 06:44 PM IST|Source: YEARS Source link [ad_3]
New Delhi: Receiving an income tax notice can make any taxpayer anxious. But in most cases, these notices are triggered by small mistakes — mismatched data, missed income details, or incorrect claims. The good news? You can easily avoid such situations with a few careful steps. Here’s how you can keep your tax record clean…