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    • How marginal relief can cut your income tax from Rs 65,250 to Rs 35,000 on a Rs 13.1 lakh salary

      New tax regime is attractive as marginal relief under which the final tax payable shall not exceed the amount by which total income exceeds Rs 12 lakh.

    • GST alert: Undelivered ‘welcome kit’ can lead to suspension of registration

      The proof of business existence can be given by way of electricity bills, maintenance bills or photographs of office

    • Revised ITR vs original ITR: What happens after you file a correction

      The income tax laws allow a person to file a revised Income Tax Return (ITR) by December 31, in case the taxpayer finds some mistakes or omissions.

    • NSE asks brokers to disclose and remit excess STT collected for FY24 and earlier

      The exchange said brokers must also remit the excess STT along with interest at 1 percent for every month of delay to NSE immediately under intimation to the income tax department.

    • March 15 advance tax deadline: Who needs to pay and what happens if you miss it

      If advance tax instalments are not paid by their respective due dates, interest is charged at the rate of 1percent per month on the amount of tax that remains unpaid

    • Reinvested foreign ESOP dividends leading to under-reporting of overseas income in tax returns

      Dividends automatically reinvested into additional shares often go unreported as employees assume no taxable income will arise when no cash is credited

    • Is SGB redemption taxable? How gold bond tax rules differ for individuals and HUFs

      If you are holding the sovereign gold bonds which have completed five years from the date of issue and the redemption window opens till 31st March 2026 you can still claim the exemption as the proposed law will come into force from 1st April 2026.

    • Meesho gets Rs 1,500 crore income tax demand for assessment year 2023-24, says will contest order

      The ecommerce marketplace said it does not agree with the observations made in the assessment order for the year and will challenge the Rs 1,500 crore demand.

    • Why a daughter but not a wife can be a karta of an HUF

      The key change came with the Hindu Succession (Amendment) Act, 2005, which granted daughters the same coparcenary rights as sons.

    • Paying rent above Rs 50,000? Here's why you need to deduct TDS under Section 194-IB by March 31

      Under Section 194IB of the Income Tax Act, 196, individuals and HUFs must deduct 2 percent TDS on rent if the monthly amount being paid exceeds Rs 50,000

    • Redeveloping your house with a builder? Here’s how tax rules work if you get additional floors

      Capital gains arising from transfer of land and building for redevelopment by an individual and an HUF shall be charged to tax in the year in which the completion certificate for the project is issued by the competent authority

    • New draft Income tax rules may double your exemption limit; Rs 30 lakh salaried earner could save Rs 1.72 lakh a year

      For salaried professionals without significant tax-saving investments or housing rent exposure, the new regime represents both simplicity and fiscal efficiency

    • Is a handwritten note a valid Will? Here’s what the law says

      As per Section 63 of Indian Succession Act, 1925 for a will to be valid it has to be signed by the testator and witnessed by minimum of two witnesses.

    • What legal heirs need to know about filing ITR after a taxpayer’s death

      The legal heirs are responsible for filing the return of income from 1st April till the date of death of the deceased and discharge the tax liability.

    • Planning to book profits in gold or silver ETFs? Know why Rs 1.25 lakh LTCG tax exemption limit won’t apply

      Gains from Gold and Silver ETFs are taxable as capital gains because Gold and silver ETFs are funds that mirror the market prices of physical gold or silver, typically backed by actual metal in vaults

    • Can you claim Section 54EC exemption on a depreciated property? Here’s what tax rules say

      Section 54EC provides for exemption to any assessee from long term capital gains arising from transfer of long term capital asset being a land or building if the capital gains are invested in capital gains bonds of specified financial institutions within six months .

    • Even states with no income tax in US are flirting with taxing the rich

      In Washington state, where income taxes have long been anathema, there is talk of a new levy on top earners

    • Planning retirement with ESOPs? Here’s how to avoid a higher tax hit on foreign shares

      The shares which are not listed in India are treated as unlisted shares for taxation purposes.

    • Can a woman be 'Karta' of a Hindu Undivided Family? What the law says about rights of daughters and wives

      Historically, only men could act as Karta because only sons were recognised as coparceners. This changed after the Hindu Succession (Amendment) Act, 2005.

    • One house, two tax breaks: How Sections 54 and 54F can both work for you

      Claiming exemption under one section does not bar exemption under another section for the same property.

    • How tax harvesting before March 31 can bring down your outgo

      By strategically booking gains within the Rs 1.25 lakh exemption limit and offsetting losses against taxable profits, investors can legally reduce capital gains tax and strengthen long-term portfolio efficiency

    • Can you claim HRA for more than one rented house at the same time?

      As per the Section 10(13A) it seems that the exemption can be claimed only in respect of one house occupied by the employee. However there is no restriction as to whether the same can be claimed in respect of place of duty of the employee.

    • RBI announces early redemption schedule for five SGB tranches in April; know tax implications

      From April 1, premature redemptions will no longer automatically qualify for tax exemption, as outlined in Budget 2026

    • Redeveloping inherited property? Tax rules you need to know if selling a portion

      Section 54F provides for exemption from long term capital gains arising from sale of commercial property if the net sale consideration is invested in a residential house property

    • Bengaluru civic body uses drones, tech to uncover Rs 688 crore property tax evasion across 23,600 properties

      Munish Moudgil, Special Commissioner (Revenue & IT), Greater Bengaluru Authority, said the system is designed to ensure transparency and accountability, adding that property owners who have underreported details will be brought under the tax net through data-backed verification.

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