Many taxpayers face issues with missing foreign asset and income details in revised Income Tax Returns. If a taxpayer has any ...

ITAT held that charitable trusts without member-wise income shares cannot be taxed at 30% MMR. Tax must be applied at normal slab rates per CBDT Circular ...

The Mumbai branch of the Income Tax Appellate Tribunal has issued an important ruling, stating that any surplus loan refunds ...

FDs are considered safe investments, but the Income Tax Department keeps a close eye on high-value FDs. If you're considering ...

The Income Tax Department has introduced a separate Schedule VDA in ITR forms, and this is where all crypto-related income must be disclosed, a tax analyst said.

Explains when high-volume, systematic trading is treated as business income and highlights major criteria, tax rates, and compliance ...

The Finance Ministry said that new Income Tax Return forms will be released before the financial year 2027-28. This follows a ...

The government plans to make customs assessments entirely faceless, mirroring the income-tax model, with a comprehensive restructuring of the department also under consideration.

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State-owned entities such as Rail Vikas Nigam Ltd, Garden Reach Shipbuilders & Engineers Ltd, Neyveli Lignite Corporation, ...

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