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    • Budget 2026: Should the 30% income tax slab be raised and indexed to inflation?

      Tax experts advocate increasing India's 30% tax slab from Rs 24 lakh to Rs 35 lakh to counter inflation, boosting middle-class disposable income and economic growth, amid Union Budget 2025-26 discussions

    • Union Budget 2026: Equity investors push for lower LTCG tax and STT

      Equity investors seek predictability and lower friction as tax costs weigh on post-tax returns

    • Higher interest shocks taxpayers as Income Tax system flags 234B, 234C charges

      For income not subject to TDS such as capital gains from shares or mutual funds taxpayers are required pay advance tax in instalments during the year. Delays can attract interest under Sections 234B and 234C.

    • Old vs new tax regime: Which option should salaried employees choose while submitting investment proof?

      Taxpayers who claim substantial tax-saving deductions, often summing up to several lakh rupees, generally find the old tax regime more beneficial, experts say.

    • Why Indian companies are winning under both income tax regimes

      Between 2019-20 and 2022-23, income offered for tax under the 22% tax slab grew by 97% while that offered to the higher 30% tax slab grew by 130%

    • Budget 2026: Taxpayers want inflation-proof slabs, parity

      Taxpayers want the Budget to make transition to new tax law simpler, slabs to be inflation-adjusted, deductions to be restored and easing of charitable trust rules

    • How NRIs overseas save more on taxes when sending money back home as gifts or investments

      Money sent by NRIs for various purposes have different tax treatment under the Income Tax Act and FEMA rules.

    • Dhanteras 2025: Tax guide for gold jewellery, coins, gold ETFs and SGBs

      Gold ETFs and sovereign gold bonds offer tax-efficient alternatives to physical gold, providing portfolio diversification, tax benefits, and flexibility, making them attractive options for investors seeking gold exposure

    • Why retaining employee-funded group health insurance add-ons makes sense despite no GST exemption

      Group health covers offer several advantages over retail policies, including smoother claim settlement, no waiting period for pre-existing diseases, which are critical for employees' elderly parents, in particular.

    • Income Tax Return filing deadline extended by a day to September 16

      However, the e-filing portal will be in maintenance mode until 2:30 am to enable change in utilities

    • ITR filing 2025: Why individual taxpayers must file their tax returns on September 15

      While you can file belated returns by December 31, 2025, not adhering to the September 15 deadline will attract late-filing fees of Rs 1,000–Rs 5,000, besides other restrictions

    • ITR filing 2025: Why checking AIS and Form 26AS is critical before submitting tax returns

      Difficulty in accessing AIS has been the chief complaint of many tax professionals ahead of the September 15 ITR filing due date. It is important to review AIS to avoid missing out on disclosures, which can then trigger scrutiny and notices from the tax department.

    • ITR filing 2025-26: Yet to file tax returns? Know the consequences of missing September 15 deadline

      Completing the ITR filing process after September 15 will mean coughing up penalties of Rs 1,000-5,000.

    • ITR filing: Advance tax deadline-ITR filing due date clash, I-T portal glitches causing delays, say CAs

      However, income tax officials have refuted claims of technical snags on the official e-filing portal.

    • GST 2.0: Why middle-class families should invest before splurging during festival season

      While the government and corporate India hope that GST cuts will boost festive spending, advisoes urge households to channel the additional money to bolster their investments

    • I-T relief for employees working overseas: No jail for not reporting low-value foreign assets

      In line with Budget 2024’s announcement to waive the penalty for non-disclosure of low-value foreign assets of up to Rs 20 lakh, the I-T department has decided to eliminate prosecution provisions as well

    • Juggling US’ IRS and India’s I-T dept: How Indians investing in US stocks are taxed

      Investing in US stocks as an Indian resident isn't just about picking the right companies — you need to be aware of the tax nuances as well. While the India-US DTAA provides relief from double taxation, compliance requires correct documents and timely filing

    • LTCG on immovable properties: How non-indexed gains can push up your total income, trigger surcharge

      For many middle- and upper-middle-class taxpayers, a one-time sale of property can inflate their gross total and push them into higher surcharge brackets, despite having no actual capital gain (after inflation adjustment).

    • ITR filing |Tax rebate on short-term capital gains: ITAT ruling opens a window

      Chartered accountants differ over whether small taxpayers will be able to obtain section 87A rebate on their STCG income for FY 2024-25 (AY 2025-26) based on the Ahmedabad tax tribunal’s recent order.

    • No HRA? Here’s how you can still claim tax deduction under Section 80GG on rent paid

      The section allows self-employed professionals as also salaried employees who are not entitled to HRA to avail of tax breaks on rent paid

    • Govt amends income tax law to ensure parity between NPS, UPS

      The Taxation Law (Amendment) Bill, 2025, makes 60 percent of the lump sum received by UPS subscribers at retirement tax-free, aligning its tax treatment with that of the NPS.

    • No ITR filing exemption for small taxpayers in new Income Tax Bill, say CAs

      The parliamentary panel headed by BJP MP Baijayant Panda had recommended that small taxpayers not be compelled to file an ITR solely to avoid penalties for non-filing.

    • SC delivers split verdict on income tax appeal involving foreign firm, CJI may refer to larger bench

      The bench comprising Justices BV Nagarathna and Satish Chandra Sharma, delivered divergent opinions on the legal interpretation of Sections 144C and 153 of the Income Tax Act, 1961.

    • ITR filing 2025: Opting for the old tax regime? File return by Sep 15 to retain 80C tax deductions

      Salaried taxpayers looking to claim section 80C tax deductions and exemptions under the old tax regime must file their returns by September 15, the extended due date for FY 2024-25

    • ITR filing 2025: Salaried taxpayers steer clear of unverifiable deductions, increasingly opt for new tax regime, say CAs

      Heightened I-T dept scrutiny has compelled many salaried taxpayers to avail of deductions on 80C tax-saving investments, HRA, and donations only when their claims can be supported by valid documents.

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