63,000 restaurants under income tax scanner: Saksham campaign urges ITR updates by March 31, 2026

The Income Tax Department has identified 63,000 restaurants for potential income under-reporting. A nationwide survey revealed suppression of sales amounting to Rs 408 crore. Restaurants are urged to ...

Income tax rules 2026: Govt renumbers key forms, tax audit now form 26, PAN, TDS, ITR forms changed

One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26. The new form reportedly contains 55 segment-wise clauses, ...

New draft Income tax rules may double your exemption limit; Rs 30 lakh salaried earner could save Rs 1.72 lakh a year

For salaried professionals without significant tax-saving investments or housing rent exposure, the new regime represents both simplicity and fiscal efficiency ...

Meesho receives ₹1,500 crore income tax demand for FY23; plans to challenge order

According to the filing, the Assessment Unit of the Income Tax Department issued an assessment order under Section 143(3) of ...