Judgement

ITAT rules that a property gift worth Rs. 7.5 crore received from a step-sister is not taxable under Section 56(2) of the Income Tax Act.

Gift of Property of Rs. 7.5 Cr Received from Step-sister not Taxable under Income Tax: ITAT

Articles

187 startups were granted permission by the Department for Promotion of Industry and Internal Trade (DPIIT) for tax relief under the revised Section 80-IAC of the Income Tax Act.

187 Startups Approved for Tax Relief Under Revised Section 80-IAC

News

The Income Tax Department conducted raids across 30 locations in Ahmedabad, targeting builders, contractors, and stock market brokers to uncover black money.

Income Tax Department Carries out Raids at 30 Locations in Ahmedabad

Income Tax Department Conducts Research at 30 Locations Across Ahmedabad

CBIC promotes 10 IRS officers to Joint Commissioner grade, effective from their charge dates, ensuring fair and transparent career advancement.

Tax Authority Serves Rs. 341.86 Crore Demand Notice to Mankind Pharma

Notifications

CBDT has notified the issuance of a zero-coupon bond by IRFC with a 10-year maturity and Rs. 10,000 crores payout on maturity or redemption.

CBDT Notifies Zero Coupon Bond by IRFC for Purpose of Income Tax

Top 12 cash-related transactions tracked in AIS/TIS that may trigger tax scrutiny if they mismatch your declared income.

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Gift of Property of Rs. 7.5 Cr Received from Step-sister not Taxable under Income Tax: ITAT

187 Startups Approved for Tax Relief Under Revised Section 80-IAC

Income Tax Department Conducts Research at 30 Locations Across Ahmedabad

Tax Authority Serves Rs. 341.86 Crore Demand Notice to Mankind Pharma

CBDT Notifies Zero Coupon Bond by IRFC for Purpose of Income Tax

12 Cash Transactions That Show Up in Your Income Tax Annual Information Statement (AIS) for AY 2025-26