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If you do not report a foreign asset, it can attract a flat penalty of Rs 10 lakh, even if you had paid taxes on it.

Received ESOPs From Foreign Company? Small Compliance Mistake Can Cost You Rs 10 lakh Penalty

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AI and digital forensics helped the Income Tax Department expose a Rs. 68 lakh tax fraud in Hyderabad using font analysis of fake documents

Income Tax Alert: AI Detects Rs. 68 Lakh Tax Fraud Through Font Forensics

It has come to attention that many taxpayers have received an email from the Income Tax Department in reference to ITR-U having transferred rectification rights to the Jurisdictional Assessing Officer (JAO)

ITR-U Rectifications Now Handled by Jurisdictional Assessing Officer: CPC Transfers Rights

Major glitch in ITR form: HRA section wrongly asks for 'Place of Work' instead of 'Place of Residence', risking reduced tax exemptions for taxpayers.

Major Glitch in ITR Form: 'Place of Work' Mistaken for 'Place of Residence' in HRA Section

Many taxpayers across the country are sharing their experience of faster income tax refunds from the Income Tax Department

Filed ITR and Received Refund Immediately: CA Praises Income Tax Department for Timely Refund

A Parliamentary panel has finished reviewing the draft of the Income Tax Bill, 2025, and has suggested redefining the powers of income tax officers.

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Received ESOPs From Foreign Company? Small Compliance Mistake Can Cost You Rs 10 lakh Penalty

Income Tax Alert: AI Detects Rs. 68 Lakh Tax Fraud Through Font Forensics

ITR-U Rectifications Now Handled by Jurisdictional Assessing Officer: CPC Transfers Rights

Major Glitch in ITR Form: 'Place of Work' Mistaken for 'Place of Residence' in HRA Section

Filed ITR and Received Refund Immediately: CA Praises Income Tax Department for Timely Refund

Income Tax Bill 2025: Parliamentary Panel Wants More Power for Tax Officials, Keeps CA-Only Rule for Tax Audit