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You can now clear your income tax dues using UPI in just a few minutes, without touching net banking
Under the Income Tax Act (ITA), 2025, the government has renumbered most sections without materially changing the core philosophy of the current Income Tax Act, 1961.
After the budget proposal becomes law which will be effective from 1st April 2026 for the listed shares which become long term after one year, the retail investor will have to tax at 12.50% and @ 20% if holding period is less than 12 months.
The draft Income-tax Rules, 2026 propose raising the PAN-quoting limits several transactions including cash deposits, purchase of motor vehicles and property and payments to hotels
The Central Board of Direct Taxes released the draft rules on February 7 and has sought feedback till February 22
Under the Hindu Succession Act, 1956 on the death of a person without making a will his assets are inherited by the legal heirs mentioned in schedule to the Hindu Succession Act, 1956 as their individual asset.
Taxable income is determined by starting with gross salary, as per the salary slip, and applying regime-specific exemptions and deductions rather than relying on the net pay shown on the salary slip
The suitability of an investment product depends on factors such as risk appetite, time horizon and near-term liquidity requirements
Experts expect fewer irrelevant disclosures, better system stability and smoother reconciliation with AIS in FY26 returns
The draft rules update several long-standing monetary limits for common perquisites
While PAN was previously mandatory for all vehicle purchases and sales, it is now required only for transactions of Rs 5 lakh or more
The upward revision of transaction threshold from Rs 30 lakh to Rs 45 lakh for the purposes of quoting PAN and financial reporting represents a calibrated and risk-based refinement of the reporting framework, say experts
If both EPF and NPS contributions are structured under CTC, your take-home pay may be reduced, which can be partly offset by tax savings
Tax professionals face a major transition as legacy forms give way to new numbering
While the new tax law intends to streamline taxation, some provisions has made the old tax regime more appealing.
Cumulative bonds carrying fixed coupon rate can be treated as capital asset. Any profit or loss made on sale of such bonds should logically be taxed under the head capital gains.
Recent rulings reflect a shift from relatively settled interpretative positions towards a more contextual assessment of purpose, substance and economic effect, broadly aligned with global anti-avoidance trends
If your investments feel scattered across too many schemes, you can clean them up carefully without triggering avoidable tax or penalties.
Since this is no longer an agricultural land, long-term capital gains tax apply, Here’s how
The six-month FAST-DS 2026 window is meant for Indian residents who failed to disclose foreign income or assets in earlier ITRs and wish to regularise their position before enforcement begins
To claim exemption from capital gains tax under Section 54B of the Income tax Act, 1961, the new agricultural land must be purchased in the name of the same Assessee who has sold the original land
Before you tap into your EPF balance, understand what you can withdraw, when you can withdraw it, and how unemployment rules actually work.
One of the significant tax changes in recent years has been how share buybacks are taxed in India.
Karnataka Industrial Areas Development Board has directed Foxconn and other units in Devanahalli Special Investment Region to pay property tax to the board, citing its authority over tax assessment and collection in notified industrial areas
Budget 2026–27 focuses on fiscal discipline, higher public capex and capital market reforms, signalling long-term growth clarity for investors and savers.
