News

The government proposes extending the 50% HRA tax exemption to Bengaluru, Hyderabad, Pune, and Ahmedabad from April 1, 2026, under the new income tax rules 2026.

Major Relief to Salaried Employees: HRA Exemption Set to Rise to 50% for Four More Cities; Effective April 1, 2026 

Articles

Even though the income tax slabs for the financial year 2026-27 remain the same, the new tax law is expected to make tax filing easier.

Will the New Income Tax Act Help You Save Income Tax? Know More

The Income Tax Department has launched extensive raids at 33 locations linked to Rajasthan’s Kanha Restaurant Group across multiple cities over suspected tax evasion and financial irregularities.

IT Dept Conducts Statewide Raids on Rajasthan’s Kanha Restaurant Group Over Alleged Tax Evasion

Judgement

High Court order upheld; SC holds royalty taxation issue already settled by binding precedent

SC Refuses to Reopen Taxability of Foreign Payments, Applies Engineering Analysis Ratio

ITAT deleted the Rs. 6.15 lakh addition, holding that the AO relied only on general penny-stock reports without specific evidence.

ITAT Deletes Penny Stock Addition Due to Lack of Specific Evidence Against Assessee

ITAT deleted a penalty imposed on the company under Section 270A, holding that mere disallowance of EPF/ESI deduction does not amount to misreporting of income.

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Major Relief to Salaried Employees: HRA Exemption Set to Rise to 50% for Four More Cities; Effective April 1, 2026

Will the New Income Tax Act Help You Save Income Tax? Know More

IT Dept Conducts Statewide Raids on Rajasthan’s Kanha Restaurant Group Over Alleged Tax Evasion

SC Refuses to Reopen Taxability of Foreign Payments, Applies Engineering Analysis Ratio

ITAT Deletes Penny Stock Addition Due to Lack of Specific Evidence Against Assessee

ITAT Deletes Rs. 5.28 Lakh Penalty, Rules EPF/ESI Disallowance Not ‘Misreporting’ Under Section 270A