ITR filing 2025-26: Four mistakes that salaried taxpayers must avoid while filing income tax returns
Income Tax return filing: Ensure that you choose the right form, do not omit any source of income and claim deductions only if you can furnish proofs of making tax-saver investments
ITR filing 2025: Used the wrong form? Revise your return to rectify the error
Tax returns: There is no cap on the number of times the returns can be revised before the end of the deadline for filing belated returns.
Why ICAI’s audit limit is misguided and outdated
ICAI’s proposed 60-audit cap lacks legal clarity and empirical support. Amid digital tax reform, mandatory audits feel outdated—raising concerns over regulatory overreach, procedural fairness, and modern compliance efficiency
F&O taxation: What you need to know about turnover, losses, and ITR filing
Non-speculative losses, such as those from F&O trading, can be set off against any income (except salary) within the same year, and can be carried forward for up to eight years.
GST at 8: A tax reform that empowered every Indian
Eight years on, GST has gained strong approval. GST has lowered tax rates on essentials, unified India’s market, reduced logistics costs and boosted inter-state trade, benefiting both consumers and businesses through simplification and digitisation
GST at 8: A look back and suggestions for the way ahead
Eight years of GST mark not just the survival but the steady maturation of India’s boldest tax reform. While the journey has not been without hiccups, the direction remains firmly forward-looking. With GST reasonably stabilised now, what is needed as a next step is a set of GST reforms guided by principles of ease of compliances, transparency, and reduced complexity
Next GST Council meeting may eliminate 12% tax slab and shift items to other slabs
The 56th GST Council meeting is due soon. Its agenda is expected to include items such as GST slab rate rationalisation and a decision on consumer requests for an exemption of GST on health insurance premium
Capital Pains: Accurately reporting capital gains across multiple brokers
Each brokerage provides its own capital gains statement. However, these are siloed and may not factor transactions across different accounts.
Taxes are not exported; GST on intermediaries’ foreign earnings should go
India has positioned itself as a global services powerhouse over the past few decades. However, a critical segment, intermediaries, continues to face the GST hurdle, potentially costing the country billions in lost opportunities. India needs to amend the existing GST law and grant export status to them to boost opportunities in the services sector
Filing ITR? Four key points salaried taxpayers should keep in mind
ITR filing 2024-25: Know the changes in the income tax return forms, select the correct form, and ensure that you have tax-saving proofs in place.
Digital Form 16: How to access, download, and use it for e-filing your income tax returns
ITR Filling 2025: Thanks to digitisation, accessing and using Form 16 for filing one’s returns has become more straightforward and convenient.
Personal Finance: Investing for tax savings is now passe
Many individuals start restructuring investments closer to when they think they are likely to hang up their boots
ITR filing 2024-25: Exemptions and deductions for senior citizens
Senior citizens choosing the old tax regime can claim deductions under Section 80C on investments, including the tailor-made SCSS, as also deduction of up to Rs 50,000 on health insurance premiums or expenses, among others
Tax implications of borrowing money from a top-up home loan by your homemaker wife
Whether you earn tax benefits or encounter tax implications depends on how you utilize the money from top-up loan.
Income tax filing 2024-25: Here's how salaried employees can choose between ITR-1 and 2
This year, you can use ITR-1 even if you have booked capital gains on sale of equity assets, provided they do not exceed Rs 1.25 lakh a year
Income-tax filing 2025: Why verifying AIS is a must before submitting your ITR
Verify AIS, Form-26AS to ensure that your income tax return contains details of all the income earned during the year. Non-disclosure can invite notices from the income tax department.
How Trump’s 3.5% remittance tax will affect US-based NRIs’ money flow to India
For many NRIs, especially those supporting dependents or planning a future back in India, this proposed tax will introduce a new layer of complexity.
ITR filing 2025: Preparing to file income tax returns? Keep these crucial documents handy
Your ITR filing exercise can commence after accessing Form-16 and updated AIS, but ensure that you start the preparations by gathering the necessary documents to ensure a hassle-free process.
Direct tax buoyancy is a standout feature of India’s growth story
India’s higher tax buoyancy—exceeding GDP growth continuously for more than four years—suggests improved compliance, greater use of technology, stronger corporate profitability, and rising taxpayer incomes. Going forward, it is imperative for the finance ministry to maintain this momentum by enhancing compliance, simplifying tax regulations, and putting an end to tax disputes and tax terrorism
Most employees without HRA claims prefer new tax regime, corporate NPS gaining traction, say CAs
Taxpayers contemplating hiking rent paid to parents to maximise tax benefits need to be cognisant of the fact that significant variations in income and deductions compared to previous years can invite scrutiny, say chartered accountants.
RBI’s accounting policies lack transparency, burdening taxpayers
RBI has taken an overly conservative approach to risk management and lacks transparency in how it implements its policies. It withholds surpluses belonging to the government, instead allocating to its own reserves. This compels the government to borrow more from the market
PM Modi quotes Moneycontrol report, says Karnataka govt hiked taxes A-Z
Prime Minister Narendra Modi addressing a rally in Haryana quoted Moneycontrol report that highlighted A-Z price hikes in Karnataka
Bengaluru civic body collects record Rs 4,930 crore property tax, IT hub Mahadevapura top contributor
Bruhat Bengaluru Mahanagara Palike has collected more than Rs 1,000 crore in property tax during 2024–2025 compared to the previous financial year.
Tax Surveillance: A dangerous precedent for privacy and liberty
A system where tax officers have unchecked authority turns the state into the judge, jury, and executioner. Even if the intent is to curb tax evasion, the means must respect democratic principles and due process
