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.

The ITAT Ahmedabad cancelled the penalty under Section 271(1)(c) after setting aside the assessment for fresh adjudication, holding that penalty based on the original order cannot survive once the ...

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One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26.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, ...

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 ...