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Income Tax Department

Income Tax Dept Unearths Massive ₹1.4 Crore Political Donation Fraud

A substantial fraud involving false claims for political donations totaling about ₹1,400 crore has been uncovered by a nationwide tax drive. The...

PAN Card Duplication: Taxpayer Flags Loan Fraud, Complaints to RBI and Income Tax Dept

Section 192 vs. 194J: TDS on Salary vs. Professional Fees – Where Do You Draw the Line?

Max Estates’ Subsidiary Receives ₹21.13 Lakh Income Tax Demand Order from NFAC

Over 1.23 Lakh Income Tax Returns Processed: Here's When to Expect Your Refund

Online Filing of ITR-1, ITR-4 enabled by Dept on Income Tax Portal

The Income Tax Department of India has activated online filing for Income Tax Returns (ITRs) for the Financial Year 2024-25 (Assessment Year 2025-26) through its official e-filing portal, ...

Senior Citizen Found with ₹95.89 Lakh Cash on Train Claimed It Belonged to Firm: ITAT Upholds Addition for Lack of Evidence

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition of unexplained cash under Section 69A of the Income Tax Act, 1961, after a senior citizen was found carrying Rs....

Delhi HC Sets aside Reassessment Notice issued against CPI(M) after 31.03.2021 without following Procedure u/s 148A of Income Tax Act

The Delhi High Court set aside the reassessment notice issued after 31.03.2021 without following the procedure under section 148A of the Income Tax Act, 1961. Communist Party of India (Marxist),...

How Are PAN Card Numbers Made? Here's the Secret Behind Those 10 Alphanumeric Characters

The Income Tax Department of India issues a Permanent Account Number ( PAN ), a special 10-character identification number, to monitor financial activities and guarantee tax compliance. Here is...

ITR Filing for AY 2025-26 Begins; Over 54,000 Returns Filed Within First 3 Days

The Income Tax Return (ITR) filing season for the Assessment Year (AY) 2025–26 officially commenced on May 30, 2025, after a delay from the usual April 1 start. Within the first three days, over...

Supreme Court Stays Madras HC Order Allowing Income Tax Reassessment Against Dalmia Bharat and Subsidiaries [Read Judgement]

In a recent development, the Supreme Court of India granted a stay in favour of Dalmia Bharat Limited and its subsidiaries, Dalmia Cement (Bharat) Limited and Dalmia Power Limited, against the...