The Income Tax Department has notified the new Income-tax Rules, 2026, marking a significant overhaul of the decades-old tax ...
The Income Tax Tribunal ruled that property purchase discounts are not taxable as income. A homebuyer received a Rs 9.82 ...
Finance Minister Nirmala Sitharaman emphasizes an ethical framework in the new Income Tax Act, leveraging technology to combat evasion.
Bringing meaningful relief for salaried taxpayers through extended house rent allowance (HRA) exemptions and simplified ...
Rajya Sabha MP Raghav Chadha has proposed allowing married couples to file joint income tax returns in India. The move, he argues, could reduce the tax burden on single-income families and ensure ...
From salaried employees to freelancers, using an income tax calculator can turn tax filing from guesswork into informed planning.
India has no legal limit on gold ownership, provided its source is declared income. While CBDT offers seizure guidelines for ...
The report, quoting the CBDT chairman, said that in July 2025 the department carried out verifications into bogus deduction ...
Income from transfer of cryptocurrencies, NFTs, and other virtual digital assets is taxed at a flat 30% rate under Indian tax law. The framework also restricts deductions and disallows set-off of ...
New Income Tax Act to be effective from April 1 introduces concept of tax year, enhanced perquisite limits. It will also include EVs in perquisite valuation ...
The ITAT Mumbai held that adjustments under Section 143(1) cannot be made without issuing prior intimation to the taxpayer. As CPC failed to provide such notice or reasons, the adjustment and ...
As the financial year draws to a close, millions of salaried taxpayers across India enter a decisive phase. What was once a routine process of submitt.
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