Security bug in India’s income tax portal exposed taxpayers’ sensitive data

TechCrunch verified that the security bug in the Indian Income Tax Department's e-Filing portal exposed taxpayers' data to ...

Homebuyer claims Section 80C tax deduction for home loan repayment, tax dept challenges it — ITAT Panaji rules in his favour

A Goan homebuyer successfully challenged the tax department's denial of his Section 80C deduction for home loan repayment.
Tax Guru

Income Tax Reassessments Must Be Based on Net Taxable Income, Not Gross Sale proceeds

ITAT Upholds Taxpayer Rights, Limits Section 148 Reassessments on Net Income: ITAT confirmed that income tax reassessments must be based on net taxable income, not gross sale proceeds. Notices issued ...

Income tax department announces extension in ITR filing deadline to September 16

Earlier on Sunday, the Income Tax Department had dismissed claims about extending the deadline for filing Income Tax Returns beyond September 15. | Latest News India ...
Tax Guru

Income Tax Department Introduces ‘Response Viewed’ Feature in e-Filing Portal

Income Tax Department has introduced a new feature in the e-filing portal that shows when an Assessing Officer or CIT(A) ...

ITR filing FY 2024-25: Has deadline for Income Tax Returns filing been extended beyond September 15? Income Tax Department clarifies

The Income Tax Department refuted social media rumors of extending the ITR filing deadline beyond September 15, confirming it remains unchanged. Taxpa ...
The Financial Express

ITR due date extension: Over 7 crore returns already filed, income tax department urges remaining taxpayers to act

In a post on social media platform X, the Department thanked taxpayers and tax professionals for helping achieve this milestone and urged those who have not yet filed their returns to do so at the ...
The Financial Express

Is Income Tax Department processing smaller refunds faster than larger ones?

Taxpayers awaiting their refunds are taking to social media to complain about long delays in refunds. There are frequent ...

Brother got Rs 10 lakh cash from two sisters, tax dept had doubt and sent notice; he fought back and won case in ITAT Agra

Mr. Maheshwari from Agra said he got Rs 2.74 crore (2,74,33,250) from one of his sisters, who lives in Delhi, as well as Rs 6.25 lakh from another sister. Both these sisters are married. He invested ...