The new legislation reorganizes provisions related to return processing, scrutiny assessments, and reassessment of escaped income. It simplifies drafting while largely retaining the existing ...

Many types of income in India are completely exempt from tax under the Income-tax Act, provided certain conditions are met.

Returning NRIs must understand RNOR to ROR tax transition, Schedule FA disclosure, foreign income reporting, and FEMA rules to avoid costly mistakes in first Indian tax return.

Union Finance Minister Nirmala Sitharaman has entered the history books after presenting the ninth consecutive Budget.

Income tax on pension is added to total income and taxed under slab rates. Payout structure, annuity income, and retirement planning affect post-retirement cash flow.

Proposed 2026 Income Tax Rules could significantly benefit salaried individuals under the old tax regime. Key changes include ...

The tax and ITR (Income Tax Return) filing system in India is set to undergo a major transformation starting April 1, 2026. The over-60-year-old system is being replaced by the concept of a "Tax Year, ...

A woman's Rs 50 lakh insurance policy purchase was deemed an unexplained investment. She claimed HUF funding from agricultural income. The Income Tax Appellate Tribunal Chandigarh rejected this. Lack ...

The income tax (I-T) department has detected suppression of sales worth around Rs408 crore in the restaurant sector following a nationwide survey conducted across multiple cities, the Union ministry ...