Articles

Receiving this large amount from your parents can be both exciting and confusing, especially when it comes to understanding the tax implications.

Is There any Tax Liability on Receiving Rs.20 Lakh as a Gift From Parents?

News

In a significant victory, actor Shah Rukh Khan has won a tax case, with the Income Tax Appellate Tribunal (ITAT) ruling in his favour.

Shah Rukh Khan wins Tax Dispute Case of Foreign Tax Credit as Tribunal Rules in His Favour; Says Report

Notifications

The Directorate of Income Tax (Systems) has notified that PANs with undisclosed foreign assets and suspected Benami transactions are under risk assessment.

PANs with Undisclosed Foreign Assets and Suspected Benami Transaction under Risk Assessment [Read Instructions]

The Directorate of Income Tax (Systems) has disseminated high-risk transaction and high-risk non-PAN transaction cases on the Verification module of the Insight portal.

Income Tax Disseminates High-Risk and Non-PAN Transactions [Read Instructions]

The Directorate of Income Tax (Systems) has identified certain High Risk Non-filer cases pertaining to the AY 2019-20, 2020-21 and 2021-22 on Insight Portal under RMS.

Income Tax identifies High Risk PAN Non-Filer Cases pertaining to AY 2021-22 [Read Instructions]

Finance Minister Nirmala Sitharaman announced significant reforms to TDS and TCS in the Union Budget 2025, aimed at simplifying tax compliance.

Explore Our Blogs

Is There any Tax Liability on Receiving Rs.20 Lakh as a Gift From Parents?

Shah Rukh Khan wins Tax Dispute Case of Foreign Tax Credit as Tribunal Rules in His Favour; Says Report

PANs with Undisclosed Foreign Assets and Suspected Benami Transaction under Risk Assessment [Read Instructions]

Income Tax Disseminates High-Risk and Non-PAN Transactions [Read Instructions]

Income Tax identifies High Risk PAN Non-Filer Cases pertaining to AY 2021-22 [Read Instructions]

Major Changes in TDS and TCS Rules from April 1st; Know Details