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Tax twist in 2025: Why professionals opting for presumptive scheme may pay more now

Income at Rs 12–15 lakh? These taxpayers may pay Rs 1 lakh extra tax under revised rules

A small change in how presumptive taxation is interpreted under the new Income Tax Act, 2025 could lead to higher…

April 2, 2026 16:58 IST

New Income Tax Rules 2026: No big deductions under new regime, but these benefits can still help

New Income Tax Rules 2026: 7 lesser-known benefits in new tax regime that can help you save more tax

Most traditional deductions are no longer available under the new tax regime, the official notification on new Income Tax Rules…

April 1, 2026 15:57 IST

Have foreign stocks or accounts? One mistake in ITR can cost you Rs 10 lakh

Holding foreign stocks, bank accounts or ESOPs? A small mistake in reporting them in your ITR can lead to a…

March 30, 2026 13:35 IST

Tax rules overhaul from April 1: 10 big changes for salaried and middle class

April 1 tax rule changes: 10 big updates salaried and middle-class taxpayers need to know

From April 1, 2026, new income tax rules have changed how salary perks, benefits and investments are taxed, making compliance…

Updated: April 1, 2026 15:29 IST

Big relief for homeowners: ITAT allows full capital gains exemption in redevelopment case

Woman gets multiple flats and Rs 2.5 crore from builder in old property redevelopment deal – what tax dept says

In a relief for homeowners, the Mumbai ITAT has ruled that multiple floors received under a redevelopment agreement can be…

March 27, 2026 13:52 IST

Big power shift: Tax officer can now estimate your income in certain cases

Ignore ITR or notices? Income tax department may now estimate your income under new rules

The new Income-tax Rules, 2026 have clarified when tax officers can estimate a taxpayer’s income, especially in cases involving non-residents…

March 27, 2026 12:19 IST

New Income-tax Rules 2026: Are stock market tax rules really changing? Expert explains

New Income Tax Rules: Are stock market tax rules really changing? Expert explains

The newly notified Income-tax Rules, 2026 may look like they bring major changes for stock market transactions, but a closer…

March 26, 2026 17:04 IST

Tax-free income may still increase your tax: 1% rule explained

From April 1, tax-free income may still raise your tax bill – here’s why

From April 1, 2026, a new 1% rule may increase your tax liability even on tax-free income, as expenses linked…

March 26, 2026 15:56 IST

Old vs New Tax Regime in 2026: New rules change calculations — which saves more tax for you?

Old vs New Tax Regime in 2026: New rules change calculations — which option saves more now?

With new perquisite rules and higher rebates reshaping tax calculations, choosing between the old and new tax regime is no…

March 26, 2026 13:02 IST

From April 1, your salary may look different — but your tax outgo is the real change

From April 1, salary structures may become simpler and more direct as the new tax regime takes centre stage, shifting…

March 21, 2026 20:19 IST

10 big income tax changes from April 1: From Rs 2 crore digital tax trigger to tighter salary perks - all you need to know

10 big income tax changes from April 1: From Rs 2 crore digital tax trigger to tighter salary perks—what you need to know

From taxing global digital firms to redefining employee perks and valuation rules, the newly notified Income Tax Rules 2026 signal…

March 20, 2026 19:29 IST

Income Tax Rules 2026 notified: HRA benefit expanded, allowances jump 30x — What else changes from April 1

Income Tax Rules 2026 notified: HRA benefit expanded, allowances jump — full list of changes from Apr 1

The government has notified the new Income Tax Rules 2026, effective April 1, bringing key changes in HRA, allowances, and…

March 20, 2026 17:43 IST

Last chance to fix ITR errors: How ITR-U works and who can file before March 31

Last chance to fix ITR errors: How ITR-U works and who can file to report missed income

Missed reporting income or made errors in your ITR? Taxpayers can still correct mistakes using ITR-U. With March 31 approaching,…

March 18, 2026 18:30 IST

Luxury apartment deal with cash, documents and legal symbols depicting tax dispute over builder discount

Gurugram man gets Rs 9.8 crore discount on Rs 33 crore flat; Income Tax Dept treats it as income — how ITAT ruled

A Gurugram man bought a Rs 23 crore flat and received a Rs 9.8 crore builder discount, which the Income…

March 18, 2026 09:35 IST

Smartphone chats with money and tax symbols

WhatsApp chats lead to Rs 22.5 crore tax demand for a taxpayer – ITAT ruling clarifies what counts as evidence

ITAT Delhi deleted a Rs 22.5 crore tax addition made on the basis of WhatsApp chats and third-party digital data,…

March 17, 2026 11:18 IST

ITAT says tax addition cannot rely only on statements recorded during inquiry

Relief for taxpayers: Tax additions cannot be based solely on statements recorded during inquiry, says ITAT

The Income Tax Appellate Tribunal (ITAT) has ruled that additions under Section 68 of the Income-tax Act cannot be sustained…

March 12, 2026 19:18 IST

Personal expenses made on employer-provided credit cards will be taxable

Personal use of company credit cards may attract tax under proposed I-T rules 2026

Proposed Income Tax Draft Rules 2026 may bring tighter scrutiny on credit card usage from April 1. Employer-paid credit card…

March 11, 2026 16:25 IST

Rs 2 lakh political donation on Rs 7 lakh income: How ITAT viewed the mismatch in tax case

Salaried man shows Rs 7 lakh income but Rs 2 lakh political donation in ITR: How ITAT treats the mismatch

The Mumbai ITAT has rejected a taxpayer’s claim for tax deduction on a Rs 2 lakh political donation, ruling that…

March 10, 2026 09:21 IST

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