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For AY 2026-27 or earlier years, notices, appeals, reassessments and pending proceedings will generally continue to be governed by the Income-tax Act, 1961, including the applicable limitation periods and procedural timelines.

New Income-tax Act 2025: Will your pending income tax case continue under the old law? Explained

The applicable law will depend on the tax year to which the proceedings relate. Where the proceedings pertain to assessment…

July 9, 2026 18:54 IST

As you prepare your ITR for AY 2026-27, it's important to know which AIS entries genuinely increase your tax liability and which ones simply serve as a record of your financial activities.

ITR filing AY 2026-27: 10 transactions that appear in AIS but may not attract any tax

AIS shows many financial transactions, but not all are taxable. Learn about 10 common AIS entries that may not attract…

July 7, 2026 17:56 IST

Managing an active stock portfolio requires keeping your data perfectly aligned with automated tax rules.

One demerger, three portfolio gaps: Why a Mumbai trader received a surprise tax notice?

Received an income tax notice after a company demerger? Learn how a Mumbai trader’s RIL-Jio Financial share split triggered tax…

July 2, 2026 16:53 IST

ITAT Pune relief in Rs 1.28 crore cash deposit case: Why consistency in tax treatment helped a scrap dealer

Scrap dealer deposits Rs 1.28 crore cash, reports Rs 3 lakh income in ITR; faces Rs 44 lakh tax demand, ITAT intervenes

A scrap dealer faced a ₹44 lakh tax demand after the Income Tax Department treated ₹1.28 crore of cash deposits…

June 6, 2026 08:18 IST

Govt scraps long-term capital gains tax for FII investment in G-Secs

India scraps long-term capital gains tax for FII investment in government bonds

The government has scrapped long-term capital gains tax on FII investments in government securities through a new ordinance. The move…

Updated: June 5, 2026 11:29 IST

New Income-tax Act, 2025: What happens to your carried-forward stock and mutual fund losses?

The newly enacted Income-tax Act, 2025 (ITA 2025), is largely intended to simplify and reorganise tax provisions rather than materially…

May 28, 2026 17:40 IST

Old vs new regime switch triggers tax notice for taxpayer

Taxpayer gets tax notice after legally switching tax regime; here’s why

A Bengaluru-based business consultant received an Income Tax Department intimation despite correctly filing his ITR and legally switching from the…

May 28, 2026 13:10 IST

ITR filing season has begun for AY 2026-27

ITR filing AY 2026-27: These common mistakes can delay your income tax refund

Incorrect TDS claims, unverified ITRs, and pending tax demands are among the top reasons for delayed income tax refunds in…

May 19, 2026 17:28 IST

How much cash can you legally keep at home? Income tax rules every taxpayer should know

Rs 10 lakh, Rs 10 crore or unlimited: How much cash can you legally keep at home?

A viral social media post has revived the question many taxpayers ask: how much cash can you legally keep at…

May 12, 2026 19:15 IST

How an NRI saved Rs 12.5 lakh in TDS using Form 128 on property sale - Details here

NRI sells Rs 1 crore property, saves Rs 12.5 lakh TDS legally — how this form cut his tax to zero

An NRI avoided a Rs 12.5 lakh TDS deduction on a Rs 1 crore property sale by using a simple…

April 28, 2026 18:02 IST

Kept cash at home, deposited later — tax dept flags it, ITAT steps in

Woman keeps Rs 15 lakh cash withdrawn from bank at home, deposits it later — faces tax trouble, ITAT intervenes

A taxpayer’s cash deposit raised red flags after the tax department questioned its source and labelled it unexplained income. The…

April 24, 2026 14:11 IST

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

Page 2 of Income Tax Act

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