India's economic trajectory in recent years has been marked by significant milestones, with direct tax collections standing ...

The income tax department has overhauled the grievance redressal system to make it faster. Experts say now taxpayers can ...

A government agency that undertakes the direct collection of tax in India is the Income Tax Department. All operations of the department are handled by the Central Board for Direct Taxes (CBDT).

The tribunal’s ruling coincided with Pawar’s swearing-in as Deputy Chief Minister alongside Sena’s Eknath Shinde, under the ...

The Income Tax Department is scrutinizing donations to Registered Unrecognised Political Parties (RUPPs), questioning the validity of tax deductions claimed under Sections 80GGC/80GGB due to ...

Taxpayers with liabilities exceeding Rs 10,000 are required to make quarterly advance tax payments to avoid penalties and ...

A big elephant is roaming in the income-tax department’s brainstorming room, well noticed yet unaddressed. The issue in point ...

The ITAT Mumbai's recent ruling upholds taxpayers' rights to legitimate tax planning, allowing capital loss set-off that ...

In a landmark decision, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a Rs 3 crore gift from a ...