The Income Tax Department has rolled out a non-filer monitoring system to track high-value financial transactions by ...
The Income Tax Department is alerting taxpayers about foreign assets and income. Income earned from abroad requires reporting ...
Donating to charities offers tax benefits under Section 80G of the Income Tax Act. The Income Tax Department has clarified ...
India may miss FY26 income tax targets as personal tax receipts lag. Discover the impact of Budget 2025 tax cuts and corporate tax performance. Click for details!
The Centre's direct tax revenue is up 8% this fiscal year, partly helped by lower refunds. Corporate tax collections grew ...
India’s net direct tax collections for the financial year 2025–26 have recorded a robust growth of 8 per cent, reaching Rs 17.05 lakh crore as on December 17, 2025, according to data released by the ...
ITAT held that charitable trusts without member-wise income shares cannot be taxed at 30% MMR. Tax must be applied at normal slab rates per CBDT Circular ...
A key reason behind the rise in net collections was a sharp fall in tax refunds. Refunds issued during April–December FY26 ...
Slower-than-budgeted growth reflects income tax relief for individuals, even as corporate tax collections remain broadly on ...
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