New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

Indians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax ...

It started with a simple message about a pending tax refund. Within minutes, a taxpayer had lost Rs 1.5 lakh. The case ...

Income tax refund not credited yet? Before you panic, check the latest processing data and the common reasons that may be ...

Overview UPI is transforming how Indians pay bills, shop, and transfer money. It has now simplified income tax compliance as well.The Income Tax Department allo ...

A major controversy erupted at the India AI Impact Summit after a robotic dog displayed by Galgotias University was alleged to be a Chinese-made product. Social media users quickly pointed out ...

The ITA 2025 broadly retains current TDS rates, advance tax instalments, and audit thresholds, but consultants with multiple ...

The digital tax reform eliminates physical interaction but faces criticism for procedural lapses. Courts stress fairness and adequate hearing in ...

Misclassification, delayed deposits, or reporting errors in TDS can trigger interest, penalties, and disallowance of expenses under the Income-tax ...

This change has been proposed under the draft rules and forms issued under the new Income Tax Act, 2025. The new rules are set to make claiming HRA more rigorous for beneficiaries.

The Income Tax Department has cautioned taxpayers against a surge in refund-related fraud attempts, warning that scammers are ...

The Madras High Court has sent case files concerning an Rs 80 lakh cash loan to the Income Tax Department for scrutiny. The ...