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Sunday, July 5, 2026
TopicIncome Tax Returns

Topic: Income Tax Returns

SC standardises accident compensation—latest ITR for salaried, 3-year average income for self-employed

Court reaffirmed need to provide fair recompense to dependents of accident victims and laid down uniform framework for assessment of deceased person’s annual income.

Not politicians, India’s wealthiest families underreporting incomes, finds study by DSE director

Reported income decreases with increasing wealth, Ram Singh's study shows, suggesting wealthiest families under-report incomes by indulging in tax evasion or avoidance tactics.

7 in 10 taxpayers have filed their ITRs, 14% say they will miss deadline, finds survey

The LocalCircles survey found that most of the respondents cited 'extreme weather conditions' as the main reason for being unable to file their income tax returns.

Modi govt tightening screw on IT dept a small win for taxpayer

In Budget 2021, the proposed changes to the Income Tax Act 1961 for tax collection are a welcome move.

All about tax returns by US presidents, and how Trump broke a 47-year-old custom

An NYT report Sunday revealed that US President Donald Trump paid only $750 as income tax in 2016 and 2017, and nothing in 10 out of the last 15 years.

Purchase of jewellery over Rs 1 lakh, Rs 20,000 hotel bills to come under I-T scanner

The move comes as the Modi government aims to widen the tax base by using data of high value transactions to look for tax evaders.

Demonetisation gain takes a hit as income tax e-returns drop by 6 lakh in 2018-19

The number of returns filed online dropped to 6.68 crore in 2018-19, after the high of 6.74 crore registered post-demonetisation in 2017-18.

On Camera

Modi inaugurates Rajasthan refinery: Why India’s first greenfield plant in a decade matters

PM Modi inaugurates the Rs 79,459-crore HPCL-Rajasthan refinery, boosting refining and petrochemical capacity and advancing India's ambition to become a global refining hub.

Indonesia seeks more BrahMos missiles from India. Delhi eyes critical minerals as Modi visits Jakarta

India is looking at setting up joint ventures with Indonesian firms to establish processing factories for critical minerals, especially nickel.

Congress is ceding ground to BJP on nationalism. It’s pushing India towards one-party system

The Congress party’s abandonment of nationalism is the most intriguing aspect of its post-2014 politics. The real Congress was never a party of bleeding heart pacifists.