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September 15, 2026 is the deadline for the second instalment of advance tax for FY 2026-27. Eligible taxpayers are required to have paid at least 45% of their estimated annual adva…

Business & Economy
A 57-year-old NRI woman declared total income of Rs 43,796 in her ITR for Assessment Year 2020-21 but did not report interest income of Rs 1…

Business & Economy
A postgraduate medical student who received Rs 18.34 lakh as a stipend from Aligarh Muslim University faced an income tax dispute after the…
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Business & Economy
The Income Tax Department seized gold, diamond and silver jewellery from the house and bank lockers of a 35-year-married woman in Navi Mumba…
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Jobs & Career
The Income Tax Appellate Tribunal (ITAT), Delhi, has provided relief to an individual who faced tax and penalty demands totalling around ₹1.…
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International
Investors in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) could benefit if the trusts shift to the ne…

Business & Economy
Extending your Public Provident Fund (PPF) account beyond its initial 15-year maturity can significantly increase your retirement corpus. By…

Business & Economy
The Income-tax Act, 2025, introduces several reforms for Assessment Year (AY) 2026-27 aimed at simplifying tax compliance and reducing the b…

Politics
The Income Tax Department has enabled filing of ITR-1 (Sahaj) for Assessment Year (AY) 2026-27. Eligible taxpayers can file their income tax…
Business & Economy
The Income Tax Department may issue scrutiny notices under Section 143(2) of the Income-tax Act to selected taxpayers by June 30, 2026. Such…