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That is why in the given circumstances it is vital for taxpayers to clearly understand several key sections of the Income Tax ...

Roy, the preeminent economic historian of India, along with Abhirup Sarkar and Anand Swamy, has launched a series on the economic histories of Indian states. This splendid volume is the first in the ...

AO reopened the assessment based on information received from the Investigation Wing, which alleged unexplained high-volume transactions in the assessee’s savings account. Major concern was an ...

Income Tax Department’s extensive crackdown! Over the past 20 months, the Income Tax Department has collected Rs 37,000 crore from individuals who had taxable income but failed to file returns, ...

If you are a UK resident and have a domicile in India, you will now have to pay tax on your foreign income. The UK has brought in new tax rules from April 6, 2025, changing how foreign income is ...

In summary, personal loans are not considered taxable income in India. However, their usage can determine whether borrowers qualify for tax benefits. Proper planning, documentation, and prudent ...

China will never accept it… China will fight to the end.” India, meanwhile, is subject to a 26 per cent tariff on its exports. While the US has spared some key Indian goods, such as semiconductors, ...

Former Infosys chief financial officer and IT industry veteran Mohandas Pai has slammed “tax terrorism”, saying the income-tax oppression is “enormous”. “Today, there is Rs 30 lakh crore ...

Taking note of a “considerable number” of writ petitions filed for expeditious disposal of appeals under the Income Tax Act, the Punjab and Haryana High Court has called for strict adherence ...

Prime Minister Narendra Modi on Tuesday shared a light-hearted moment with a Mudra Yojana beneficiary, assuring that he won't get into trouble with the Income Tax Department for revealing his ...

NEW DELHI: The income tax department has notified a new Income Tax Return form --ITR-B -- for declaring undisclosed income under the block assessment scheme, a procedure for assessing undisclosed ...