Income Tax Department

Got a ‘significant transaction’ email? Income tax department says ignore it for now, fix underway – The Times of India

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The Income Tax department on Saturday asked taxpayers to ignore emails, if any, received alerting them about ‘significant transactions’ as part of the Advance Tax e-campaign.In a post on X, the Central Board of Direct Taxes (CBDT) said certain taxpayers have received emails containing inaccurate details regarding ‘significant transactions’ undertaken by them under the ongoing …

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Delhi High Court order: Tax Department can’t impose Black Money law on ‘involuntary residents’ to get foreign asset information – The Times of India

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delhi high court order

Tax officials cannot routinely apply the Black Money Act (BMA) merely because a person has been treated as a ‘resident’ after remaining in India for more than 181 days against their will. (AI image) Delhi High Court’s recent order has changed the scope of imposing the Black Money law for individuals who have been forced …

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Income Tax notice alert! Senior executives with over Rs 50 lakh salaries under radar for ‘underreporting income’, misusing exemptions – The Times of India

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income tax notice

The Income Tax Department has flagged cases involving non-disclosure of overseas assets and foreign income. (AI image) Income Tax Notice alert! The Income Tax Department is cracking down on alleged misreporting of income by senior executives across multinational companies and startups. Several such executives earning over Rs 50 lakh have received tax notices from the …

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Important PAN Card quoting changes: Draft income tax rules 2026 revises cash withdrawals & deposit, property transactions limits – check top details – The Times of India

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draft income tax rules pan changes

There are several changes in the draft income tax rules that impact the way you pay income tax. (AI image) Draft Income Tax Rules 2026: The Income Tax Department has released a new set of draft income tax rules, which once finalised, will be applicable for financial year 2026-27. There are several changes in the …

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