The 3rd National Indirect Tax Moot Court Competition 2024, organized by the Chamber of Tax Consultants, concluded successfully in Delhi. The event aimed to hone the skills of future indirect tax professionals. Read more about the winners and key insights.
Income Tax Department sends SMS/email alerts, pausing refunds due to discrepancies in ITR filings. Taxpayers express frustration over vague communication. Revised return deadline is Dec 31, 2025.
Indian taxpayers must file revised or belated Income Tax Returns by December 31, 2025 for FY 2024-25. Experts explain the rules and post-deadline options like Updated Returns.
Indian taxpayers can still disclose foreign income & assets by filing a revised ITR before December 31. Learn about Schedule FA, FSI, and how to avoid heavy penalties under the Black Money Act.
PIB clarifies new Income Tax Bill 2025 powers. Access to emails & social media is limited to search operations for tax evasion probes. Honest taxpayers unaffected.
Struggling with property tax payments? Learn how to verify dues, download receipts, and pay online via official municipal portals. Save time and avoid penalties with our simple guide.
Learn how equity, debt & hybrid mutual funds are taxed. Optimise your post-tax returns with this detailed guide on capital gains tax, holding periods, and tax-saving strategies.
Discover the top 10 wealthiest US states by median household income in 2024, from Massachusetts at $104,828 to Connecticut. Explore the economic drivers behind their success.
Discover five proven strategies to legally lower your tax bill in retirement. Learn about Roth conversions, Social Security taxation, and new deductions for seniors in 2025.
Income Tax Department issues detailed FAQs on claiming 80G deductions. Learn the verification process, eligible donations, and key conditions for taxpayers in the old regime.
India's corporate tax collections grew 7.5% to Rs 9.94 lakh crore by mid-December, surpassing personal income tax growth. Net direct tax kitty crosses Rs 17 lakh crore. Read the full analysis.
Still waiting for your ITR refund? Learn why delays happen, when you won't get 6% interest, and how to check your refund status online. Essential guide for Indian taxpayers.
India's net direct tax revenue rose 8% to ₹17 trillion in April-December, missing the 13% target. Personal income tax growth slowed due to new slab rates. Can the government meet its full-year goal?
India's net direct tax collection for FY25 grows 8% to Rs 17.04 lakh crore. Gross collections surge 24% to Rs 19.45 lakh crore, while refunds slow. Read the full analysis.
India's net direct tax collections grew 8% to Rs 17.05 lakh crore till Dec 17, boosted by a sharp 13.5% fall in refunds. Advance tax up 4.27%. Read the full analysis.
Income Tax Department conducts searches on multiple Mumbai food & beverage companies for alleged tax evasion. Actor Shilpa Shetty's co-owned restaurant among premises covered. Read the full details.
Varanasi Municipal Corporation assures no coercive action against religious sites after seers protest integrated tax bills. Commissioner clarifies tax exemptions for charitable institutions.
Income Tax Department conducts nationwide raids on food companies, including a brand promoted by Shilpa Shetty. Search operations span multiple cities, uncovering alleged financial irregularities.
Income Tax Department raids over 20 Mumbai food & beverage firms for tax evasion. Searches include a restaurant co-owned by Shilpa Shetty. Details on the ongoing investigation here.
The Income Tax Department clarifies recent taxpayer communications are for voluntary compliance. Review your AIS and respond via the Compliance Portal by Dec 31, 2025, if needed.
Income Tax Department clarifies recent SMS/email alerts are advisories for taxpayers to voluntarily review & correct ITR discrepancies. Last date for belated ITR is Dec 31, 2025.
Income Tax Department's NUDGE campaign gives taxpayers until Dec 31 to correct returns after checks revealed under-reporting of property, bank deals. Act now.
Third advance tax instalment for FY 2025-26 due 15 Dec. Missing it attracts interest under Section 234C. Know calculation, exemptions for seniors, and how to pay by March.
Ahmedabad ITAT restores an NRI's tax appeal despite a 621-day delay, citing notices sent to a wrong email address. The ruling highlights the need for accuracy in the faceless appeals process. Read more.
Understand India's advance tax rules for FY 2025-26. Know payment deadlines, key exemptions for senior citizens & salaried, and how to avoid penal interest. Plan your taxes now.
Donald Trump claims global tariffs can replace US income tax. Experts and Treasury data reveal a multi-trillion dollar gap, calling the idea 'nonsensical' and economically risky. Read the full analysis.
CBDT data shows personal income-tax refunds have fallen sharply. Experts cite late ITR forms, increased verification, and processing constraints. Learn what taxpayers can do.
Income Tax department expands Hyderabad biryani tax evasion probe to rice & meat suppliers. Officials uncover weight manipulation & ₹600 crore unaccounted income. Read the full investigation details.
A complete guide to Indian tax laws on wedding gifts, clubbing of spouse & minor's income, and alimony taxation. Learn key exemptions and avoid penalties.
The 15 December advance tax deadline is approaching. Learn who must pay, the instalment schedule, and the interest penalty for missing the due date. Act now to avoid fines.