Income Tax Department of India: News
Start-ups face I-T department probe for misusing tax breaks
India's Income Tax Department is investigating several start-ups over alleged misuse of tax exemptions.
Tax relief worth ₹40,178cr given without PAN, says CAG
A recent audit by the Comptroller and Auditor General (CAG) has revealed major compliance gaps in bad debt claims by banks and non-banking financial companies (NBFCs).
New AI-assisted income tax website for taxpayers goes live
The Income Tax Department has launched a new user-friendly website to simplify Direct Tax-related processes.
Key financial changes coming into effect on April 1
As we gear up for the new financial year starting April 1, 2026, a host of important changes are set to take effect. These changes will affect banking, fuel prices, taxation and travel.
PAN application rules changing from April 1: What to know
Permanent Account Number (PAN) card application rules are set to change from April 1, 2026.
Income Tax Rules 2026 notified: What changes for you?
The Indian government has notified the Income Tax Rules, 2026, to implement the new Income Tax Act, 2025.
Advance tax email glitch leaves taxpayers confused
This week, the Income Tax (I-T) Department sent reminder emails to taxpayers regarding advance tax payments.
Ignore emails with 'significant transactions' alert: Income Tax Department
The Income Tax (I-T) Department has asked taxpayers to ignore certain emails sent under its Advance Tax e-Campaign for Assessment Year 2026-27.
Meesho hit with ₹1,500cr tax demand by IT department
E-commerce giant Meesho has been hit with a tax demand of nearly ₹1,500 crore by the Income Tax Department for the assessment year 2023-24.
Tax forms are getting renamed: What salaried taxpayers should know
The Income Tax Department has proposed a major change in its Draft Income-tax Rules, 2026.
I-T Department now seeking stakeholder suggestions on draft tax rules
The Income Tax Department has released draft rules and forms under the new Income Tax Act, 2025. The move is aimed at simplifying tax provisions and reducing compliance burdens for taxpayers.
Vijay must pay ₹1.5cr penalty for tax evasion: Madras HC
The Madras High Court has upheld a ₹1.5 crore penalty on actor-turned-politician Vijay for allegedly failing to disclose income of ₹15 crore during the 2015-16 financial year.
Madras HC reserves verdict in Vijay's tax penalty case
The Madras High Court has reserved its verdict on actor Vijay's 2022 writ petition challenging a ₹1.5 crore penalty by the Income Tax Department.
Delhi HC scraps income tax reassessment notices to NDTV founders
The Delhi High Court has slammed the Income Tax Department for "harassment" of NDTV founders Prannoy Roy and Radhika Roy.
New I-T Act effective from April: What changes for you?
The new Income Tax Act 2025 will come into effect in India from April 1, 2026. The act seeks to simplify the tax code and reduce interpretational disputes by cutting down on complexity.
January income tax calendar: Key compliance dates to remember
January is a crucial month for taxpayers, deductors, and reporting entities in India.
Aadhaar-PAN linking ends December 31: Here's how to do it
The Income Tax Department has issued a reminder for PAN card holders to link their Aadhaar with their Permanent Account Number (PAN) before the December 31, 2025, deadline.
India's new income tax law: Key changes to expect
India is set to witness a major overhaul in its direct tax system with the introduction of the Income-tax Act, 2025.
India's tax searches expand to emails, social media from 2026
The Indian government is gearing up to give its income tax department a major digital upgrade.
Why you may not get interest on delayed IT refunds
The wait for an income tax refund in India can be quite frustrating. The situation gets even more complicated when taxpayers expect interest on the delayed amount.
Received SMS from I-T department? Here's what it means
The Income Tax (I-T) Department has issued a clarification regarding the recent SMS and email communications sent to taxpayers.
I-T raids Shilpa Shetty's Bastian amid ongoing cheating case
The Income Tax (I-T) Department carried out a raid on Wednesday at Bastian Pub, a popular nightlife venue owned by Bollywood actor Shilpa Shetty Kundra, PTI reported.
Got income tax refund email? It could be a scam
The Income Tax Department has issued a warning about a new wave of phishing attacks targeting taxpayers.
Income Tax Department warns against fake emails, SMS scams
The Income Tax Department has issued a public advisory warning taxpayers, especially senior citizens, about the rise of fraudulent emails, SMS messages, and websites.
Preity Zinta's ₹10 crore tax dispute explained
Bollywood star Preity Zinta was in a major tax dispute with the Income Tax Appellate Tribunal (ITAT).
Government to notify rules under new tax law by December
The government is working toward notifying all the rules under the new income tax law by December 31.
Security bug in India's income tax portal exposes taxpayer data
A major security vulnerability in India's income tax filing portal has been fixed, TechCrunch reported.
I-T department slaps ₹23cr fine on this Adani Group firm
The Income Tax (I-T) department has slapped a ₹23.07 crore fine on ACC Ltd, a subsidiary of Ambuja Cement under the Adani Group.
Missed ITR deadline? You must now file under new regime
The Income Tax Department has clarified that taxpayers who have missed the deadline to file their Income Tax Return (ITR) will automatically be shifted to the new tax regime.
Waiting for ITR refund? Here's how long it could take
After filing their Income Tax Returns (ITR) by the extended deadline of September 16, taxpayers are now eagerly waiting for their refunds.
Today is last day to file ITR before penalties apply
The Central Board of Direct Taxes(CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for Assessment Year 2025-26 by a day. The new deadline is September 16.
ITR filing: Has the deadline extended to September 30?
The Income Tax Department has clarified that the deadline for filing Income Tax Returns (ITRs) for FY 2024-25 remains September 15, 2025.
ITR deadline today: Tax portal not working for many users
As the deadline to file income tax returns (ITR) for FY-2024-25 approaches, taxpayers are facing technical issues with the official portal.
ITR filing deadline today: What happens if you miss it
The Income Tax Department has confirmed that the deadline for filing Income Tax Returns (ITRs) remains September 15, with no extensions.
Over 6cr ITRs filed for assessment year 2025-26: IT Department
The Income Tax Department has reported that over six crore income tax returns (ITRs) have been filed for the Assessment Year (AY) 2025-26.
You can now file updated tax returns for these assessment-years
The Income Tax Department has announced the facility to file updated returns (ITR-U) for the assessment years (AY) 2021-22 and 2022-23 using ITR-3 and ITR-4 forms.
Direct tax collections down 4% this fiscal: What's the reason?
India's direct tax collections have seen a decline of nearly 4% in the first five months of the current fiscal year (2025-26).
ITR-5 form is now available: Who should file it?
The Income Tax Department has launched the Excel form for filing Income Tax Return (ITR)-5 for Assessment Year (AY) 2025-26.
How I-T Bill 2025 might hurt ease of doing business
The recently proposed Income-Tax Bill, 2025, has come under fire from experts for not providing tax-neutral treatment to fast-track demergers.
How to file your IT return for the 1st time
The Income Tax (I-T) department has already released online forms for ITR-1, ITR-2, and ITR-3.
Jane Street might have to pay more taxes in India
The Income Tax (I-T) department is investigating if global trading giant Jane Street has breached India's Place of Effective Management (POEM) guidelines.