Income Tax department
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Rakul Preet Singh strongly dismissed the reports linking her to any illegal financial activity or personal searches, calling the claims false, speculative, and malicious.
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The Income Tax Department raided multiple premises linked to actor Rakul Preet Singh over suspicions of funds being routed overseas under the guise of film financing.
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The refund process begins only after the e-verification starts, and the returns are generally credited to the linked bank accounts within four to five weeks.
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The condition of Rashmi’s home paints a stark picture of her reality—the walls are made of unplastered bricks, the floor is unpaved (kaccha), and the roof is covered with a tarpaulin sheet.
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The new form merges Form 26QB, Form 26QC, Form 26QD and Form 26QE, which were earlier used for filing TDS on property purchases, TDS on rent, TDS on payments to contractors or professionals and TDS on transfer of virtual digital assets respectively.
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Phishing emails are designed to trick people into clicking on harmful links or downloading attachments that can install malicious software on their devices. The Income Tax Department has advised taxpayers to stay alert and avoid interacting with suspicious emails. If you receive such messages, you can report them to the department at webmanager@incometax.gov.in.
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Securities Transaction Tax (STT) collections remained stable at around Rs 44,867 crore, while collections from other taxes were marginal during the period.
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Transactions Tracked By Income Tax Department: For returns filed for FY 2024–25 (Assessment Year 2025–26), the department has time until December 31, 2026 to process them under Section 143(1) of the Income Tax Act.
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Due to the widespread circulation of this claim, the Press Information Bureau’s (PIB) Fact Check team stepped in to verify whether the message was true or misleading.
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The Income Tax Department said these messages are linked to transaction-related information that is already available with the department. This data is shared by banks, financial institutions and other reporting entities during the financial year.
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The Income Tax Department keeps a close watch on high-value financial transactions like large cash deposits, property deals, credit card payments, and big investments. Exceeding set limits without proper documentation can attract scrutiny or even penalties.
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With over 7.3 crore ITRs filed in 2025, taxpayers who paid excess tax are awaiting refunds, typically processed within 4-5 weeks. Learn how to track your refund online, check for discrepancies, and avoid delays due to incorrect bank details, e-verification issues, or data mismatches.
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ITR Date Extension 2025: The Income Tax Department has responded to taxpayers' complaint that the portal is not working. The Tax Department has shared crucial tips as well.
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With the September 15 deadline to file ITRs without penalty approaching, the department has urged those yet to file to do so promptly to avoid last-minute congestion. To facilitate smooth filing, its 24×7 helpdesk is offering support via calls, live chat, WebEx sessions and social media.
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Before filing your return, make sure you have these ready — Form 16 from your employer, Form 26AS, Annual Information Statement (AIS), PAN and Aadhaar, bank details, investment proofs, and receipts for home loan interest or insurance payments.
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The Income Tax Department has extended the ITR filing deadline for AY 2025-26 to September 15, 2025 for individuals whose accounts don’t need auditing. Businesses requiring audits have until October 31, while cases involving transfer pricing audits get time till November 30.
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Karnataka Energy Minister K J George stated that his recent interaction with the Income Tax Department was a routine check of company tax filings.
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Advance tax is a way of paying your income tax in parts during the year, instead of paying it all at once at the end.
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If you’ve chosen the concessional tax regime or want to claim certain exemptions then you still need to file your return and submit any necessary declarations by the July 31 deadline.
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The Income Tax Department has issued a notice to Empuraan producer Antony Perumbavoor, seeking clarification on financial transactions related to his previous films Lucifer and Marakkar, following 2022 raids.
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If you have claimed HRA but didn’t deduct TDS on rent and the tax Department may invalidate your claim.
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Updated ITR Filing Deadline: The taxpayers are not allowed to file an updated return if their return is under investigation or scrutiny by the tax department.
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