ITR 2025: These rules govern the switching of income tax regime from new to old
Since the new tax regime is the default tax regime, filing income tax return (ITR) under the old regime would require you to switch from the new tax regime. However, …
Income Tax Department intensifies scrutiny on political donation claims under Section 80GGC
The Income Tax Department has intensified its scrutiny of taxpayers claiming deductions on political donations under Section 80GGC of the Income Tax Act over the past two to three assessment …
New ITR Utility: Is landlord’s PAN card needed for claiming HRA while filing income tax return?
Every salaried employee who has an HRA component in salary and who wants to claim house rent allowance (HRA) income tax benefits need to submit the PAN number of the landlord if the annual rent is …
Income Tax Dept cracks down on high spenders hiding income
The Income Tax Department is now using modern data analysis techniques to detect those who have hidden or shown less income. For this, the department is working with various government …
Delhi High Court to decide if taxman can revive tax notices dating back to 1996 for foreign assets
The Delhi High Court will soon to decide whether the tax department can retrospectively reopen old tax notices involving foreign assets—even if those notices were time-barred under earlier rules …
Sri Lankan Cricketers Seek Court’s Intervention In Tax Dispute
Sri Lankan cricketers have sought the intervention of Court of Appeal following a personal income tax dispute with the game’s governing body, SLC and the Department of Inland Revenue (IRD) …
ITR Filing AY 2025–26: Process Begins for Select Taxpayers, Over 54K Returns Filed in 3 Days
Income tax return (ITR) filing for Assessment Year 2025–26 officially began on 30 May 2025, nearly two months later than usual, due to delays in form notifications and software deployment …
Senior IRS officer arrested for accepting ₹25 lakh bribe
CBI has arrested Amit Kumar Singhal presently posted as the Additional Director General in the Directorate of Taxpayer Services, New Delhi and Harsh Kotak, for demanding and accepting ₹25 lakh as …
ITR Filing 2025: Confused Between ITR 1 And 4? Know Key Differences To File Correct Income Tax Return
The income tax department has enabled the Excel utilities of ITR-1 (Sahaj) and ITR-4 (Sugam) for the financial year 2024-25 (assessment year 2025-26), thus allowing offline return filing. Online ITR forms will …
Jharkhand govt urges finance commission to raise tax share to 50%
The Jharkhand government on Friday appealed to the Sixteenth Finance Commission to raise the vertical devolution of central taxes from the existing 41 per cent to 50 per cent …
