income tax

‘Public money not corporate cushion’: Delhi court convicts 3 of Rs 8.5 crore TDS default

September 09, 2026 4:18 pm

Using money collected as tax to meet company expenses is harmful to the government and to honest taxpayers, the court held, adding that facing financial issues does not mean that TDS can be turned into operating capital.

Tax Dept probes outward remittances; shell entities, CSR expenses under scanner

August 18, 2026 10:38 pm

Some entities were showing such transactions as CSR expenses while diverting funds abroad

Calcutta High Court bins ‘conditional order’ that upheld Rs 1.23 crore tax blow to firm

August 08, 2026 12:55 pm

The Calcutta High Court struck down a conditional order that automatically confirmed a Rs 1.23 crore addition to a firm's taxable income, ruling that access to justice cannot be shackled by arbitrary penalties.

Cases registered by Enforcement Directorate under PMLA rose to a four-year high in 2025-26

August 04, 2026 6:09 pm

The rate of convictions remained slow, with the agency securing convictions only in 43 cases in the last five years.

Over Rs 9,493 cr additional tax collected from 1.25 cr updated ITRs in last 2 years

August 03, 2026 3:23 pm

Tax department nudges taxpayers to file updated returns through its internal data analytics system via e-mails, text messages and outreach programmes

1.54 lakh accounts in J&K Bank with no PAN, tax probe flags 'systemic failure'

July 31, 2026 10:17 am

Data dump leads Income Tax sleuths to ‘systemic failure’; bank says compliance report submitted to RBI

'Tax exemption based on marriage or relation': Centre opposes same-sex couple's plea

July 23, 2026 3:44 am

A same-sex couple challenged Income Tax rules in the Karnataka High Court after being taxed on a gifted heirloom. The Centre defended the rules, citing legal status.

How a Pune pensioner filing taxes discovered her Rs 33 lakh deposits had vanished

July 19, 2026 5:39 pm

Pune's Kothrud police are tracking beneficiary accounts after a senior citizen discovered that her entire fixed-deposit portfolio was liquidated online without any alerts.

Promised Income Tax job, Delhi man quit work and paid Rs 2 lakh. Then came a shock

July 11, 2026 6:43 pm

Delhi Police said the guard and 6-7 others had fallen prey to a sophisticated recruitment scam and were cheated of around Rs 10 lakh.

Tax filing season is back. The anxieties and fears around it aren't about arithmetic alone

June 29, 2026 12:43 pm

At its core, the psychology of tax compliance is often driven less by fear of having done something wrong than by uncertainty about whether one has done everything right

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.