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News INCOME TAX

  • Feb 19, 2026
  • High salary earners getting 'nudge' notices from Income Tax Dept? Here's why you received it and what action to take now

    Many salaried employees with hefty salaries are getting income tax Nudge intimations, prompting them to correct errors like undisclosed property income, crypto gains, ESOP, and more.
    The Income Tax Department is giving a last chance to these employees to fix their mistakes voluntarily before they take strict action against those with undisclosed incomes.

    Also the Income Tax Department has identified a pattern where the same chartered accountant is being used by several taxpayers to make donations to a single political party, and various charitable institutions. As a result, the tax department has said they will initiate separate actions against those CAs as well.
    As reported by ET (Anuradha Shukla), tax authorities have issued notices to these individuals, including CEOs and managing directors of multinational companies, urging them to rectify the anomalies before penalties are imposed, according to officials.