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India’s Income Tax Act places strict limits on high-value cash transactions. Exceeding these can lead to hefty penalties, here's what you need to know to stay compliant.

Friends Giving You Cash Loans? You Might Owe Huge Tax Penalties

KSCAA requested the Finance Minister to maintain portal stability, provide compliance relaxations, strengthen grievance redressal.

KSCAA Requests Finance Minister to Fix Income Tax Portal Issues to Ease Compliance

Some experts say that the government may extend the ITR filing due date for certain regions in India that were affected due to the heavy rainfall and flood situation.

ITR Filing Deadline Extension: Here Is Why Finance Ministry May Not Extend the ITR Due Date

ITR Filing Deadline Extension: Here is Why Finance Ministry May Not Extend ITR Due Date

Judgement

ITAT holds CSR donations eligible for Section 80G claim; PCIT’s revision under Section 263 invalid.

ITAT Quashes PCIT’s Revision Order on CSR Donations under Section 80G

If your deductor has deducted incorrect TDS or has submitted incorrect details in the challan, then you must ask for a rectification before March 31, 2026, to avoid paying the tax again.

Correct Your TDS/TCS Statement Before This Date to Avoid Losing Tax Credit

With the September 15 deadline nearing, taxpayers can now file updated returns using ITR forms 5, 6, and 7 Excel utilities.

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Friends Giving You Cash Loans? You Might Owe Huge Tax Penalties

KSCAA Requests Finance Minister to Fix Income Tax Portal Issues to Ease Compliance

ITR Filing Deadline Extension: Here is Why Finance Ministry May Not Extend ITR Due Date

ITAT Quashes PCIT’s Revision Order on CSR Donations under Section 80G

Correct Your TDS/TCS Statement Before This Date to Avoid Losing Tax Credit

IT Dept Releases Excel Utilities for Updated Returns: ITR-5, ITR-6 and ITR-7 For AY 2021-22 and 2022-23