FOR MANY SALARIED taxpayers, especially those residing in high-rent cities, the ability to claim house rent allowance (HRA) exemption often determines whether the old regime results in lower tax outgo ...

Synopsis: This article explains the major changes made on HRA claim rules under the New Draft Rules, 2026. It discusses the key changes, who will be benefited, and the HRA exemption calculation with ...

Bashir Ahmad, former aide to ex-President Muhammadu Buhari, has reacted to the result of the Abuja Municipal Area Council, AMAC, in the just concluded FCT area council election. In a post on his ...

If you've moved to the new income tax regime, the proposed updates to the old one might be worth a second look. Here's what the latest draft changes could mean for your tax savings. With two ...

The Centre has suggested new income-tax rules that could change how House Rent Allowance (HRA) tax exemption works for salaried employees. These changes are part of the Draft Income-tax Rules, 2026, ...

Draft Income Tax Rules 2026: The government’s draft Income Tax Rules 2026 propose several changes that may benefit salaried employees who continue under old tax regime. While the new regime has ...

Salaried employees are expected to enjoy a higher income tax exemption from the next financial year, as the draft Income Tax Rules 2026 propose a major change in House Rent Allowance (HRA) deductions ...

Depreciation on Slump-Sale Goodwill Allowed – Goodwill held as Bundle of Commercial Rights; FA 2021 Amendment not Applicable to AY 2018-19 The ITAT Mumbai allowed the assessee’s appeal and held that ...