Updates – Income Tax

India observed a sharp rise in a new bussiness formation in October, signalling renewed investor confidence and robust economic activity.

A large cash deposit in your bank account can attract the attention of the Income Tax Department, and a recent

For the Income Tax filing of financial year 2024-25 (assessment year 2025-26), the due date for individuals not requiring audit

Introduction The Central Board of Direct Taxes (CBDT) has provided major relief to taxpayers and professionals by extending the due

The government is planning to announce all rules under the upcoming new income tax law by December 31, 2025, in

The Income Tax Department has started transferring ITR Refunds to the bank accounts of taxpayers who have timely filed their

Income Tax: Found Errors/Mistakes in Your ITR Filing Form? No Worries, You Still have Option to Revise/Correct it   Have you

The Gujarat High Court on Monday ordered the Central Board of Direct Taxes (CBDT) to push the Income Tax Return

Introduction Overview of the case Supreme Court’s View The Supreme Court agreed with the High Court’s reasoning, noting that three

Many taxpayers are experiencing confusion this year as their Income Tax Return (ITR) status shows ‘processed’, yet no refund has

Introduction Delhi High Court Observations As per the  Delhi High Court judgment ( W.P)(C)7438/2025) dated September 17 2025, here is

The Income Tax Department is planning to initiate a drive to urge landowners who came into joint development agreements (JDAs)

The Income Tax Department has released the latest versions of Income Tax Return (ITR) utilities for Assessment Year (AY) 2025-26.

Starting April 1, 2026, India is set to witness a major reform in the Tax Deducted at Source (TDS) system,

The Central Board of Direct Taxes (CBDT) has announced relief for taxpayers who were unexpectedly faced with revised tax demands

Waiting for your income tax refund can be frustrating, especially when it seems like others are getting theirs sooner. Interestingly,

Introduction The Income Tax Department has announced a one-month extension for the submission of tax audit reports for the fiscal

Samsung, the leading South Korean Appliance & Consumer Electronics Producer, has urged an Indian tribunal to scrap a $520 million