How will mutual funds be taxed in FY27? Here is an investor guide
While evaluating the tax impact of investing in an equity fund, debt scheme, hybrid fund, gold fund or international fund, investors must first understand the asset allocation of the scheme
Section 54F fine print: ITAT clarified ownership, timelines, and funding rules for a Rs 26-crore capital gain exemption
ITAT Kolkata allowed a woman Section 54F exemption on Rs 26 crore LTCG from share sale after she invested proceeds in constructing a residential house, clarifying rules on joint ownership and timelines
Transferring shares to a friend? Here is how they'll be taxed
The action of transferring shares from your demat account to the demat account of a friend amounts to sale of shares on which you are liable to pay capital gains tax
ITR refund interest rules explained; What the income tax law says
No interest is payable if the refund amount is less than 10 percent of the tax determined under section 143(1) or pursuant to regular assessment
Planning to move assets into an HUF? Read the fine print first
Since gifts received from a relative is not treated as income in the hands of the HUF, there is no tax liability for either the member throwing his self-acquired property in the common hotchpot or the HUF who receives such gift
Income Tax Rules 1962 vs Draft 2026: How the new framework could boost your salaried take-home pay
A Rs 30 lakh salaried employee could save over Rs 1.33 lakh annually, increasing monthly take-home by more than Rs 11,000 under the Draft Income-tax Rules 2026
Missed ITR for FY25? You can still fix it using updated return
One can file an updated Income Tax Return within 48 months from end of the relevant assessment year.
Relief for tax payers, major refund push in last 24 hours
Tax professionals say a significant number of tax refunds have been credited over the past day, including high-value credits
How to use Paytm, PhonePe or GPay to pay your income tax online
You can now clear your income tax dues using UPI in just a few minutes, without touching net banking
Mapping shift from old to new Income Tax Act, 2025: Where key sections have moved
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.
Share buyback rules before April 2026: Entire payout taxed at slab rate, not capital gains
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.
Key PAN rule changes in draft Income Tax Rules that may affect your daily transactions
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
Draft I-T rules offer clarity on ITRs, NRI investments and lay out virtual digital assets reporting regime
The Central Board of Direct Taxes released the draft rules on February 7 and has sought feedback till February 22
Can a deceased daughter's family claim her share in father’s property?
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.
How to calculate taxable salary under new, old tax regimes using your pay slip
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
ELSS or NSC: which option saves more tax and offers better returns?
The suitability of an investment product depends on factors such as risk appetite, time horizon and near-term liquidity requirements
New ITR-1, 2 forms for FY26 expected soon; here's what taxpayers can expect
Experts expect fewer irrelevant disclosures, better system stability and smoother reconciliation with AIS in FY26 returns
5 major changes in employee perquisite taxation under draft Income-Tax Rules 2026
The draft rules update several long-standing monetary limits for common perquisites
I-T draft rules proposal: PAN is not needed if the vehicle costs less than Rs 5 lakh
While PAN was previously mandatory for all vehicle purchases and sales, it is now required only for transactions of Rs 5 lakh or more
I-T draft rules propose higher reporting threshold for property deals from April. Here’s what it means for you
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
Already contributing to EPF? Does it make sense to invest in NPS through your employer
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
Income Tax Rules 2026: Key forms renumbered as New Tax Act gets implemented from April 2026
Tax professionals face a major transition as legacy forms give way to new numbering
New income tax draft rules put old tax regime back in play; here's why
While the new tax law intends to streamline taxation, some provisions has made the old tax regime more appealing.
Selling cumulative bonds before maturity: Is the gain taxed as LTCG or interest income?
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.
OPINION | From Form to Substance: A reset in M&A and cross-border taxation
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
