income tax

Amid rising complaints of stuck refunds, Income Tax Dept cites high ineligible claims; asks taxpayers to file revised ITRs

December 24, 2025 6:50 am

High-value deductions, refunds above Rs 50,000 being scrutinized; issue of refunds has started & likely will reflect in the next 10 days: sources.

Received SMS from Income Tax department? Here’s what it means and what taxpayers should do

December 23, 2025 4:45 pm

Income Tax Department Message on ITR filing AY 2025-26: The last date for revising or filing belated return for AY 2025-26 is 31st December 2025.

Income Tax Dept to nudge 25,000 'high-risk' taxpayers to disclose foreign assets, campaign to widen in mid-Dec

November 27, 2025 11:01 pm

First phase of 'NUDGE' campaign had resulted in disclosure of over Rs 30,000 crore of foreign income, assets

ITR Refund FY24-25 delayed? Here's how to check income tax refund status using your PAN Card

November 27, 2025 9:42 am

ITR FY24-25 Refund Status via PAN Card: ITR Refund processing begins only after a person's ITR has been successfully e-verified and the PAN card is linked with Aadhaar.

Income Tax FY24-25 Refund Delay: Expected credit timeline, reasons for hold-up, how to check ITR refund status, and more details

November 26, 2025 12:14 pm

ITR FY24-25 Refund Delay: Chairman Ravi Agrawal said on Monday that the tax department is looking into incorrect deductions claimed in certain cases, which is causing a delay in refunds, PTI reported.

Income Tax dept opposes plea for inclusion of same sex couples as ‘spouses’, HC refuses urgent interim relief

November 14, 2025 12:14 am

Section 56(2)(x) of the Act deals with taxing any money, property, or other assets received with a value exceeding Rs 50,000. Under its fifth proviso, gifts from certain relatives — including “spouse” — are exempted from tax.

Aadhaar-Pan Link Process 2025: How to link Aadhaar with PAN card online before December 31 deadline

November 04, 2025 1:11 pm

Aadhaar-Pan Link Process 2025: Your PAN card must be linked to your Aadhaar number before December 31 as per a mandate by the CBDT.

Income Tax Audit Last Date: CBDT extends deadline For filing audit reports, ITR for AY 2025-26; check updated due date here

October 31, 2025 6:14 am

Income Tax Audit Last Date for AY 2025-26: The CBDT announced that the deadline for submitting audit reports is November 10, and the deadline for submitting ITRs is December 10, 2025.

Income Tax Department to hold 3-day event in Vadodara

October 04, 2025 11:00 pm

Called the Taxpayer’s Hub, the event is going to be held in Vadodara from October 6 to 8.

Income Tax Audit Last Date: Last date to file Income Tax audit report extended till October 31

September 25, 2025 6:14 pm

The deadline to file the income tax audit report has been extended from September 30 this year to October 31.

Explained: Here's how the Modi govt budgeted for elections

June 22, 2020 6:03 pm

Budget 2019: Indian Express Rural Affairs Editor Harish Damodaran and Consulting Editor Shaji Vikraman take a deep dive and explain fine prints of the Union Budget presented by Finance Minister Piyush Goyal in Lok Sabha today.

Budget 2019 could give tax reliefs to make it popular

June 22, 2020 6:04 pm

Poorva Prakash, Senior Director, Deloitte India, says that the upcoming Vote on Account could give multiple personal tax concessions in order to make it a popular. She explains what can be expected on February 1.

Budget 2019 could give tax breaks for home buyers, rented properties

June 22, 2020 6:04 pm

Poorva Prakash, Senior Director, Deloitte India, explains what can be expected in the upcoming Vote on Account to make it a populist one.

Budget 2019 could raise basic tax exemption limit to Rs 3 lakh

June 22, 2020 6:04 pm

Poorva Prakash, Senior Director, Deloitte India, explains that as a trend Finance Ministers don't make any major personal tax changes in a Vote on Account. However, she expects the Finance Minister to lay a roadmap for tax sops in this.

I-T Department Raids Karnataka Energy Minister's Residence

June 22, 2020 6:57 pm

I-T Department To Have A CPC For Scrutiny of Income Tax Cases

June 22, 2020 6:57 pm

Tax proposals to provide relief to taxpayers: Arun Jaitley (Part 3)

February 29, 2016 4:47 pm

New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley said that tax proposals will provide relief to small taxpayers through rebates. People who do not have any house of their own and don't get any house rent allowance from their employer will get a reduction of Rs.24000 per annum. There would be an increase in limit of deduction in respect of rent paid from Rs 24000 pa to Rs 60000 pa. Jaitley also said that service tax would be exempted for general insurance schemes under Niramayi Swasthya Bima Yojna. He said that to lessen burden on individuals with income not exceeding Rs. 5 lakh, a proposed ceiling of tax rebate under sec 87A from Rs 2000 to Rs 5000 has been announced. The minister also said that a limited tax compliance window from Jun 1 - Sep 30 will be given for declaring undisclosed income at 45% inclusive of surcharge and penalties. He further added that excise duty on tobacco products would be raised by 10-15%. He also proposed to abolish 13 different taxes levied by various Ministries in which revenue collection is less than Rs 50 crores per year. Arun Jaitley even said that relief would be provided to differently-abled people on braille paper by exempting the duty levied on it. He also said that there would be no change in Income Tax slab.

Tax proposals to provide relief to taxpayers: Arun Jaitley (Part 1)

February 29, 2016 4:45 pm

New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley said that tax proposals will provide relief to small taxpayers through rebates. People who do not have any house of their own and don't get any house rent allowance from their employer will get a reduction of Rs.24000 per annum. There would be an increase in limit of deduction in respect of rent paid from Rs 24000 pa to Rs 60000 pa. Jaitley also said that service tax would be exempted for general insurance schemes under Niramayi Swasthya Bima Yojna. He said that to lessen burden on individuals with income not exceeding Rs. 5 lakh, a proposed ceiling of tax rebate under sec 87A from Rs 2000 to Rs 5000 has been announced. The minister also said that a limited tax compliance window from Jun 1 - Sep 30 will be given for declaring undisclosed income at 45% inclusive of surcharge and penalties. He further added that excise duty on tobacco products would be raised by 10-15%. He also proposed to abolish 13 different taxes levied by various Ministries in which revenue collection is less than Rs 50 crores per year. Arun Jaitley even said that relief would be provided to differently-abled people on braille paper by exempting the duty levied on it. He also said that there would be no change in Income Tax slab.