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Sunday, September 28, 2025
TopicIncome Tax Act

Topic: Income Tax Act

Stock-in trade cannot be seized from bank lockers. I-T dept pulled up for seizure of company jewellery

The Punjab & Haryana High Court called the physical withholding of the jewellery belonging to Dillano Luxurious Jewels by the tax authorities "wholly unwarranted".

Do you need a certificate from income tax department to leave the country? Only in certain cases

Rules will apply only to people involved in serious financial irregularities, or those with significant income tax dues pending, according to a change proposed by govt last week.

‘Unaccounted transactions, concrete evidence’ — HC dismisses Congress challenge to IT reassessment

Congress had filed 3 writ petitions challenging Income Tax dept claim that material on record is sufficient to show ‘escaped’ income of party is upwards of Rs 520 crore.

Modi government crypto tax aims to maximise state revenue, deter low-income investors

The Budget gave a crypto tax scheme to meet several policy goals. But here are the loopholes that you're missing.

12-hour tax ‘survey’ at Newslaundry, Newsclick offices, portals say ‘personal data’ seized

Newslaundry CEO Abhinandan Sekhri said an I-T team downloaded data from his personal mobile phone, laptop. Newsclick says not the first time it was targeted by agencies.

Realty tax sop is unlikely to make a dent in metro cities due to caps

Modi govt has raised the differential between circle rate and agreement value of residential properties to 20%. But the sop is limited in scope, say developers.

‘Non-intrusive way’ to catch tax evaders — ministry on move to scan school fee, other payments

I-T dept will analyse expenditure patterns through collected data to look for evasion. But honest taxpayers won’t be impacted, stresses the government.

Manmohan, Sonia, Chidambaram, Sibal, all opposed retrospective tax: Pranab Mukherjee

What foreign investors need is certainty in tax laws and not a tax-free environment, the former President and finance minister argues to justify his controversial tax decision.

On Camera

Aamir Khan and Salman Khan are still dodging and deflecting the age question, 20 yrs later

On the first episode of Two Much With Kajol and Twinkle, Aamir Khan and Salman Khan were confronted with another hypocrisy: age gaps. And they didn't come out looking good.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

With MiG-21’s exit, India’s squadron strength hits 6-decade low. What are IAF’s plans for the Tejas

While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.