For tax purposes, business trusts such as REITs, InvITs, and certain AIFs get pass-through status and are not taxed on the ...

The focus will be on habitual violators, cases showing significant gaps between tax deductions and advance tax payments, ...

Recently, the Delhi High Court held that Central Board of Direct Taxes (CBDT) cannot impose limitations to extinguish rights ...

The changes are effective from Monday and hence, going forward, any compliance required, especially for financial year ...

The Central Board of Direct Taxes has implemented new rules requiring business trusts to file income distribution statements ...

The government has launched the PAN 2.0 project to improve and consolidate all PAN (Permanent Account Number) related ...

The Income Tax Department has launched a crackdown on Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) ...

A new tax notification has stirred confusion over the taxation of small-ticket funds in Gift City. No asset manager has ...

The ITR filing utilities stopped allowing taxpayers to claim rebate under 87A for various special rate incomes including ...

Around 40,000 taxpayers are under scrutiny for potential defaults in tax deductions for the financial years 2022-23 and 2023-24.

The Income Tax Department is set to initiate a nationwide crackdown on individuals and businesses that have failed to deduct ...