#tax-department

Mumbai businessman’s ₹6.42 lakh work travel claim denied as he used his wife’s credit card; here’s what ITAT ruled

A Mumbai resident's claim for ₹6.42 lakh in business travel expenses was rejected by the tax department due to payments made with his wife's credit card. Here's what happened next. 

RBI reiterates support for crypto curbs as tax department flags USD 2 billion in unmonitored holdings

RBI backs crypto ban , tax department warns of evasion risks , documents show

I-T dept flags up to 20,000 ITRs for ‘swapped provisions’ used to lower net tax liability — What happens next?

The income tax department has identified 15,000-20,000 cases of taxpayers using swapped provisions to reduce taxable income. This involves replacing exemptions to lower tax liability without valid reasons and documents. Details here.

Income-tax returns: Forms notified, excel utility enabled — All you need to know about ITR-4 Sugam online; see top FAQs

ITR forms for AY27/FY26 have been notified and the tax department has enabled offline preparation via Excel Utility for ITR-1 and ITR-4. Taxpayers can file returns online by 31 July 2026. Here's all you need to know about ITR-4 (Sugam)…