Jaipur, The disabled war veterans of Indian defence forces in Rajasthan have urged the Centre to reconsider the decision to withdraw income tax exemption on pensions they received for injuries ...

The Union Budget 2026 introduces amendments to the Income Tax Act that simplify compliance for taxpayers. Here is a list of crucial changes for Indian taxpayers.

Now banks and financial institutions will collect and report more detailed information from you under amended Income Tax Rules, 1962; Know how it impacts you ...

While the Income Tax Act 2025 replaces the existing six-decade-old Income Tax Act, 1961, taxpayers are unlikely to see any immediate changes in tax slabs or rates.

One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26. The new form reportedly contains 55 segment-wise clauses, ...

The proposed amendments rationalise tax provisions, simplify reporting rules, and introduce clearer deductions and exemptions. The reforms aim to improve voluntary compliance and reduce tax ...

Pointing out that judicial review was available over reasons for search, the Court refused to accept that the provision was unconstitutional.

The Indian government is forming a high-level panel to integrate Income Computation and Disclosure Standards (ICDS) with Indian Accounting Standards (Ind AS).

The notification expands reporting rules to include central bank digital currencies, electronic money products and relevant crypto-assets for tax information ...

When Section 139 (8A) was introduced in 2022 to permit updated returns, Section 4 of the Black Money Act was not amended to recognise such returns. With the replacement of Section 139 by Section 263 ...

While activists gather signatures to try to eliminate property taxes statewide in Ohio, a lawmaker is suggesting Ohio should tax the underlying land instead of the total property including ...

The income tax reform bill, H. 4216, has cleared the Senate and now will move on to the House of Representatives, with one amendment to the original bill. The amended bill will increase tax breaks for ...