Gifting shares to children: Know the tax rules on transfer and sale
The shares transferred by your father to your demat account are to be treated as a gift, and hence, there is no tax implication at the time of transfer. If you sell these shares, you will be have to pay LTCG
Missed the September 16 ITR deadline? Here’s how you can still file your return and what it means
If the deadline of September 16 is missed, one can still file a belated return by 31 December 2025, which is the last date under normal provisions.
How gifts are taxed and when they are not; How clubbing provisions differ for a son-in-law and a daughter-in-law
When a daughter-in-law receives gifts from her parents-in-law, or a wife receives gifts from her husband, there will be no tax liability at the time of receiving the gift, but any income earned from the gifted asset will be added to the donor’s income.
TCS layoffs: The big severance, and the bigger tax surprise
Any payment linked to the termination of employment is deemed income from salary and taxed accordingly
PFRDA says planning inflation-linked NPS products to protect retirees’ returns
NPS to offer same tax benefits to new inflation-protected payouts; 100% equity option already available
Income from inherited agricultural land is tax-exempt but could push up your tax bracket; HUFs enjoy additional benefits
Agricultural income is fully exempt under Section 10(1), but it must be included for rate purposes. This means that it is added to your total income to compute the tax rate applicable to your regular income, effectively increasing your average rate of tax.
As gold shines these top 6 gold ETFs delivered over 66% returns so far in 2025
Nippon India ETF Gold BeES tops the list with an AUM of Rs 23,832 crore, followed by HDFC Gold ETF at Rs 11,379 crore and SBI Gold ETF at Rs 9,506 crore
Tata Motors demerger: No capital gains tax on receipt but be careful when you sell
If an investor had held the parent shares for more than 12 months before the demerger, both the parent and the resulting company’s shares will qualify as long term
Do you need a valuation report for Section 54F LTCG exemption on property bought before 2001?
For computing the long-term capital gains, you have to obtain a valuation report to determine the value of the commercial property as of 1st April 2001, which is to be taken as the cost of acquisition.
Can capital gains from the sale of two house floors be combined to purchase a single residential property for claiming LTCG benefits u/s 54?
The law allows claiming exemption on long-term capital gains from the sale of more than one residential house by investing the gains in a single residential house
After flak, DK Shivakumar denies congestion tax proposal in Bengaluru
A high-level meeting chaired by Karnataka Chief Secretary Shalini Rajneesh on September 24 had discussed congestion pricing on Outer Ring Road.
Do clubbing provisions apply to rent credited to a son's account for property owned by his father?
The rental income would be taxable in the hands of the father due to clubbing provisions
Last chance for central government employees to switch to UPS from NPS: What happens if you miss Sept 30 deadline?
All central government employees who were covered under the NPS as of 1st April 2025 are eligible to switch from NPS to UPS. Employees who join central government service after 1st April 2025 must exercise their option to choose either NPS or UPS within thirty days of joining.
What every couple needs to know about property gifts: Tax exemption, clubbing rules
Gifting is not advisable because of the clubbing provisions, where the income arising to the spouse from such gifted assets is required to be taxed in the hands of the spouse making the gift.
Maximise RNOR Tax Benefits: What NRIs should know about FCNR and NRE deposits
Foreign Currency Non-Resident (FCNR) deposits is tax-free in the hands of a person as long as they are not a resident under the income tax laws.
Income tax refund delayed? Here are possible reasons and checks involved
The I-T department is allowed up to nine months from the end of the financial year in which the return is filed to process refund
Tax audit extension offers relief but October will see compliance crunch
October will be a busy month with multiple critical deadlines and a number of holidays due to the festival season, which will mean fewer working days
Tax implications on gratuity gifted to spouse; when clubbing provisions apply
Gifts received from one’s spouse are not treated as income for the recipient. But any income earned on such a gifted amount will be clubbed with the spouse's income.
Tax audit due date extended by CBDT to October 31, 2025
The CBDT clarified that the Income-tax e-filing portal has been functioning smoothly without technical glitches, with over 4.02 lakh Tax Audit Reports (TARs) submitted as of September 24, 2025
Delhi HC defers tax audit extension hearing as CBDT reviews Rajasthan, Karnataka orders
Sumit Garg, a Chartered Accountant, recently filed a writ petition in the Delhi High Court (dated September 22, 2025) seeking an extension of the tax audit report filing deadline for FY 2024-25.
Flat STT mop-up raises doubts over ambitious Rs 78,000-crore target, say experts
The STT collections this year, so far, are approximately Rs 26,300 crore, similar to previous year’s collections around the same time.
Tax audit date extension plays out in courts, here is what taxpayers should do
The Rajasthan and Karnataka high courts' decision to extend tax audit reports filing deadline to October 31 is applicable to only these two states. CBDT is yet to speak on the matter
Taxation of conservative hybrid funds in FY2025-26: Are they eligible for Section 87A rebate?
If your normal income, including profit from conservative hybrid funds, does not exceed Rs 12 lakh in the current financial year, you will be eligible for rebate under Section 87A and will not have to pay any tax.
Karnataka HC extends tax audit deadline to October 31; what it means for taxpayers in other states?
This comes after Rajasthan HC passed a similar order. For now, the order will apply to these two states only if a review petition is not filed by CBDT in the Supreme Court, a tax expert said
