As per the notice, which is in possession of PTI, the amount is to be paid within 30 days of service to an authorised bank.

The drafts have been opened for public comments for 15 days, until February 22, 2026. The tax department has invited ...

Income-tax Rules: The Income Tax Department has released draft Income-tax Rules, 2026, effective April 1, 2026, simplifying ITR filing forms and procedures. These draft rules, open for public feedback ...

According to the Central Board of Direct Taxes, a “buy-back” means the purchase by a company of its own shares in accordance with the provisions of company law.

The draft rules aim to simplify tax compliance, reduce complexity, and make filing returns easier for individuals and ...

Over the past two weeks, notices have been issued to at least seven foreign venture capital and private equity funds.

In the wake of the Supreme Court's recent ruling denying tax benefits to Tiger Global, the I-T Department has issued notices ...

The Income Tax Department is likely to notify the draft Income Tax Rules, 2026 and the accompanying forms in the first week ...

The issue was how cryptocurrency income is classified for tax purposes. The framework holds that transfers fall under a dedicated VDA regime with a flat rate and strict loss ...

The High Court held that courts must intimate the Income Tax Department when suits involve cash transactions exceeding Rs.2 lakh. However, it ruled that a plaintiff cannot be compelled to disclose his ...

CHENNAI: The income tax department has said the attached properties of former chief minister J Jayalalithaa, including her Poes Garden residence, will.

When the income tax department raided Mr Jain’s place, they found several gold jewellery pieces likey to be worth over Rs 90 lakh. These were seized since Jain couldn’t account for them. Oddly enough, ...