India may achieve lower-than-expected fiscal deficit in FY26, capex growth seen slowing, says Antique
Antique Stock Broking expects the Centre’s fiscal deficit at 4.2 percent of GDP for FY26, lower than the revised estimate of 4.4 percent, while states are likely to meet their target of 3.2 percent of GDP.
Old vs New Income Tax Act: What applies for ITR filing in 2026?
Income earned in FY 2025-26 (April 1, 2025 to March 31, 2026) will continue to be governed by the Income Tax Act, 1961 and will be filed in AY 2026–27.
New Income Tax Act 2026: Deductions, exemptions added under new tax regime from April 1
Salaried employees opting for the new tax regime from April 1, 2026, will get tax advantages on non-cash benefits such as meals and cars
New Income Tax rules notified: Know seven key changes to be effective from April 1
Effective April 1, new rules raise children’s allowances, standardise car and housing benefits taxation, and tighten documentation norms under the old tax regime
Paid 5-year health insurance premium upfront? Here’s how much tax deduction you can claim
It is also important to note that paying a multi-year premium does not give you an immediate tax advantage, even though it may offer convenience or discounts from insurers.
India gets new I-T regime from April 1 as CBDT notifies income-tax rules
New valuation rules for perquisites, including housing, cars and low-interest loans, will change how taxable salary is calculated, impacting take-home pay for millions of employees
Tax harvesting or long-term investing: what matters more for your portfolio?
Striking the right balance between tax efficiency and long-term wealth creation is key to smarter investing
Bought for Rs 81 lakh in 2014, sold for Rs 2.3 crore: Here's how LTCG tax liability is computed
The benefit of indexation on the sale of long-term capital assets has largely been removed, except for the limited purpose of computing tax payable by a resident individual or an HUF on land and/or buildings purchased before July 23, 2024 and sold on or after that date.
HUF explained: How this unique tax tool can help families save more tax
An HUF gets its own basic exemption limit and can claim deductions under sections like 80C, 80D and others just like an individual.
How to check and correct errors in advance tax challan?
You can access your challan online and use the correction facility to revise the assessment year within seven days of payment and update the major or minor head within 30 days
Can you claim Section 54F tax exemption across multiple years for the same property?
There is no limit to the number of years long-term capital gains exemption can be claimed under Section 54F for the same residential house, provided construction is completed within three years of the capital asset sale
Raghav Chadha proposes optional joint filing of income tax returns for married couples: What it could mean for you if implemented
Several countries, including the United States, Germany, and France, allow married couples to file taxes jointly or split their income
OPINION | Switch to residence-based taxation and remove capital gains to encourage foreign investment
Both net FDI and FPI have been under pressure. India’s source-based taxation hasn’t helped matters. To bring about certainty and ensure a competitive market, taxation structure and long-term capital gains need a rethink
Is there a deadline for a daughter to claim a share in father's property if he dies intestate?
If the father wills a share of property to the daughter, she can claim it under the will. If he dies without a will, she can file a suit for claiming her share in the property left behind by the father
This common property ownership mistake can cost you Section 54F tax relief
Under section 54F exemption is available only if the taxpayer does not own more than one residential house on the date of sale of the capital asset in addition to the one which is being acquired to claim this exemption.
Income tax changes from April 1: Key updates that may affect your finances
With the financial year drawing to a close, several changes in income-tax rules take effect from April 1, making it important for taxpayers to understand how these updates could affect their finances
Tax department flags ITR discrepancies for high-income employees: What you should do
A taxpayer should regularly check the email ID registered with the Income Tax Department, as they may have received a communication or notice via email
Can a salaried employee claim HRA while owning a home?
If you pay rent but your employer does not provide HRA as part of your salary, you can still claim a deduction under Section 80GG
Key tasks taxpayers should complete before the March 31 deadline
From making tax-saving investments and submitting proofs to reviewing home loan interest and capital gains, here are important steps to avoid last-minute tax issues
Pay income tax with a credit card? Check which cards offer rewards and if it’s worth it
Paying income tax via credit card may offer rewards or milestones, but transaction fees can reduce the benefit.
How to earn around Rs 20,000 a month from SCSS while also getting a tax break
The Senior Citizens’ Savings Scheme is one of the few government-backed options that can give retirees a steady income. With the right investment amount, it can work like a monthly pension.
Can NRIs claim Section 80C deductions on PPF, NSC to reduce tax on income in India?
A non-resident can claim deduction under section 80C through various items though a non-resident is not entitled to open a PPF account or invest in NSC, Senior Citizen scheme etc
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.
