The New Income Tax Act, 2025, effective April 1, 2026, replaces the 1961 Act. Key changes: PAN for high-value transactions, ...

Advance tax means paying your income tax in instalments during the financial year, instead of paying the entire amount while ...

A parliamentary panel has urged a major shift in the Income Tax Department’s litigation strategy, recommending an expert ...

A parliamentary panel has urged a major shift in the Income Tax Department’s litigation strategy, recommending an expert ...

March 15 is the deadline for the final advance tax installment for FY 2025–26. Salaried individuals with extra income may need to pay.

Courts have held that lump-sum alimony received under a divorce settlement is a capital receipt outside the scope of taxable ...

The final advance tax payment deadline for FY 2025-26 is 15 March 2026. Payments can be made via the e-filing portal, including credit cards, which may incur fees. Details here.

In cases where there is no surviving spouse filing jointly, the refund may be issued to the court-appointed personal representative of the deceased person’s estate or another le ...

The Income-tax Act, 2025 reorganises the capital gains taxation framework while retaining the core principles of the earlier law. It clarifies definitions, holding periods, and tax treatment of gains ...

The new regime remains the default — if you don't actively pick the old one while filing, you automatically fall under the new system.

According to CA Dr Suresh Surana, the Income-tax Act, 2025 (ITA 2025) aims to simplify compliance, rationalise procedures and align the tax framework with current economic realities. Several key ...

The Netherlands plans to tax unrealized investment gains from 2028. India’s experience with punitive wealth and income taxes ...