While the new Income-tax Act, 2025 has already been passed, these rules are crucial because they explain how the law…
At present, taxpayers residing in Mumbai, Delhi, Kolkata and Chennai can claim HRA exemption of up to 50% of their…
Post-Budget FAQs issued by the Income Tax Department reveal some important but lesser-noticed tax changes announced in Budget 2026. These…
Budget 2026 has changed how ITR deadlines work. Filing dates will now depend on the ITR form used. While salaried…
Income Tax Slabs Expectation Budget 2026: Union Budget 2026–27 is expected to keep income tax reforms in focus as FM…
Income Tax Slabs Expectation Budget 2026: Union Budget 2026–27 is expected to keep income tax reforms in focus as FM…
As Budget 2026-27 approaches, taxpayers are keenly watching whether the government will once again tweak income tax slabs under the…
From April 1, 2026, the new Income-tax law will replace ‘Assessment Year’ with ‘Tax Year’ to simplify tax filing and…
NRI son’s tax dilemma: I am an NRI living in the UK and regularly send money to my parents in…
Over 63 lakh income tax returns are still under processing in AY 2025–26, leaving many taxpayers waiting for refunds even…
More than 73 lakh taxpayers are still waiting for their income tax returns to be processed for AY 2025-26. With…
The Income Tax Department has clarified that recent emails sent to taxpayers over ITR and transaction mismatches are advisory, not…
The Income Tax Department has rolled out a non-filer monitoring system to track high-value financial transactions by individuals who have…
The CBDT has nudged taxpayers to voluntarily withdraw bogus deduction claims after uncovering fake donation rackets and suspicious intermediaries. The…
As Budget 2026 nears, a key expectation is the introduction of optional joint taxation for married couples, allowing them to…
If your monthly rent exceeds Rs 50,000, a 2% TDS deduction is now mandatory under Section 194-IB. Along with this,…
‘Income Tax Department’ has emerged as one of the most searched terms on Google Trends as over 1 crore taxpayers…
Taxpayers struggling with long income tax refund delays may finally get some relief if the income tax department accepts this…