Foreign asset schedules missing in revised ITR after filing ITR-1/4? I-T dept explains solution

Many taxpayers revising their Income Tax Returns this year are hitting an unexpected snag. Details of foreign assets or ...

Income tax update: Will I-T Department release new ITR forms by January 2026? Finance Ministry says this

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

Income Tax department to send SMS/emails to 25,000 high-risk individuals for non-disclosure of foreign assets

The high-risk cases have been identified on the basis of information received from foreign jurisdictions under the Automatic ...

Tax dept launches fresh campaign to nudge those with overseas assets to come clean

The income tax department has launched a fresh campaign targeting around 25,000 high-risk cases with undeclared overseas ...

IT dept detects more than Rs 1,000 crore tax evasion during searches on private company premises in Chennai

CHENNAI: The income tax department uncovered more than Rs 1,000 crore in tax evasion and detected a Rs 250crore unexplained ...

Income Tax Dept To Alert 25,000 Taxpayers Over Foreign Assets — Are You On The List?

The Finance Ministry has revealed that advanced data analytics applied to AEOI (Automatic Exchange of Information) records ...

How many cases ED and Income Tax Dept filed since 2014? check year-wise data

The Enforcement Directorate (ED) and the Income Tax (IT) Department are playing a crucial role in safeguarding the nation’s ...

Employed outside India; here’s how your income tax in India will be impacted as per new tax bill 2025; Experts seek clarification from the tax dept

It seems that the proposed Income Tax Bill, 2025, has made a minor change in language with the residential status clause.
The Financial Express

44,000 crypto traders on Income Tax Dept’s radar: Govt tightens watch on black money in virtual digital assets

The government has issued over 44,000 tax notices to people who traded in crypto but never reported their gains in Income Tax ...

Budget 2026: Deloitte Proposes Real-Time Income Tax Refund Tracking System to Bring Parcel-Like Transparency

Deloitte India proposes a real-time refund tracker on the e filing portal with live statuses, alerts and a Raise Concern ...

Homebuyer sold redevelopment rights, got flats and Rs 1.6 crore, claimed Section 54 tax exemption, got notice from tax dept: He fights and wins case in ITAT Mumbai

Homebuyer sold redevelopment rights got two flats and Rs 1.6 crore hardship compensation in return; declared Rs 9 lakh income in ITR; wins case in ITAT Mumbai after tax dept sent notice ...

Foreign firms' remote services not taxable in India without presence: HC

The ruling came while dismissing appeals filed by the Income Tax Department, which had challenged the Income Tax Appellate ...