News

Yogendra Kumar Mishra, a Joint Commissioner of the Income Tax Department, was suspended on Wednesday, June 4, 2025, after he was accused of attacking a junior officer at the Income Tax Office in Lucknow.

Income Tax Joint Commissioner Suspended for Assaulting Junior Officer

Judgement

ITAT rules that refund received from surrender of LIC policy cannot be treated as unexplained income under Section 68.

Amount Received From Surrender of LIC Cannot be Treated as Unexplained Income u/s 68

New ITR rules for AY 2025-26 make it tougher to claim deductions under the old tax regime with stricter checks and detailed disclosures.

New ITR Rules Make It Harder to Claim Tax Deductions in Old System

Articles

Salaried employees will be provided their Form 16 by June 15, 2025, for the financial year 2024-25 by their employer. Know the amendments introduced in Form 16.

Received Form 16 for ITR Filing: New changes in Form 16 for Salaried for AY 2025-26 (FY 2024-25)

The High Court has referred the retrospective application of Section 149(1)(c) to a larger bench for consideration.

Retrospective Application of Section 149(1)(c): HC Places Matter Before Larger Bench

Under the ITR 2025 rules, it will not be possible for tax return filers to make false income tax deductions and claim refunds this year. Know more details below.

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Income Tax Joint Commissioner Suspended for Assaulting Junior Officer

Amount Received From Surrender of LIC Cannot be Treated as Unexplained Income u/s 68

New ITR Rules Make It Harder to Claim Tax Deductions in Old System

Received Form 16 for ITR Filing: New changes in Form 16 for Salaried for AY 2025-26 (FY 2024-25)

Retrospective Application of Section 149(1)(c): HC Places Matter Before Larger Bench

ITR Filing under Old Tax Regime made more difficult: Know How