News

The IT Dept. exposes a large-scale racket of bogus political donations exceeding Rs. 5,500 crore, carried out by forming 36 fake parties over three years. RUPPs under probe.

Breaking: Income Tax Dept. Unearths Rs. 5,500 Crore Fake Political Donations Racket

Hindustan Unilever Ltd disclosed on Friday that it has received a tax demand of Rs. 1,986 crore from the Income Tax Department.

Hindustan Unilever Faces Rs. 1,986 Crore Tax Notice from Income Tax Department

Judgement

The ITAT Mumbai held that payments for intra-group support services were not taxable in India as Fees for Technical Services or Royalty.

ITAT Mumbai Rules That Functional Service Receipts Are Not Taxable as Fees for Technical Services or Royalty

CBSE and Income Tax Department have launched Motu Patlu comics to make learning about income tax and civic responsibility fun for students.

Motu Patlu Help Kids Learn Taxes: CBSE Introduces New Comic Series for Students

The Income Tax Appellate Tribunal (ITAT), Delhi, has recently upheld the decision of CIT(A), saying that the applicable rate under section 115BAA of the Income Tax Act is 22% on the LTCG.

ITAT Upholds Tax Rate of 22% Under Section 115BAA for AY 2021-22

Circulars

CBDT extends ITR and audit filing deadlines for AY 2025-26 to December 10 and November 10, 2025, through Circular No. 15/2025.

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Breaking: Income Tax Dept. Unearths Rs. 5,500 Crore Fake Political Donations Racket

Hindustan Unilever Faces Rs. 1,986 Crore Tax Notice from Income Tax Department

ITAT Mumbai Rules That Functional Service Receipts Are Not Taxable as Fees for Technical Services or Royalty

Motu Patlu Help Kids Learn Taxes: CBSE Introduces New Comic Series for Students

ITAT Upholds Tax Rate of 22% Under Section 115BAA for AY 2021-22

CBDT Extends Due Dates for Tax Audit Reports and ITR Filing for AY 2025-26