Income-Tax Compliance Calendar for May 2026: Check important due dates for TDS returns, TCS certificates, Form 24G, advance tax, and…
A Kolkata ITAT ruling brought major relief to salaried taxpayers, holding that TDS credit cannot be denied even if the…
Quoting of PAN is mandatory for submitting the declaration in Part A of Form No. 121 by the declarant.
Under current rules, a resident buyer does not need a Tax Deduction and Collection Account Number when purchasing property from…
Each Form 141 can report only one type of transaction, and a separate form must be filed for each transaction…
Proceeds to be treated as capital gains; TCS on overseas travel, study cut to 2%.
The deadline to file revised returns has been extended from December 31 to March 31 of the following year.
In Indian law and policy, crypto assets are referred to as Virtual Digital Assets (VDAs), which cover most blockchain-based tokens.
Lenders call for policy backing as funding costs rise.
The Confederation of Indian Industry (CII) has proposed significant tax reforms for Budget 2026-27, aiming for a “simpler, technology-driven and…
According to a report by JM Financial Institutional Securities, this is because of formalisation, digitisation and stronger compliance mechanisms.
An NRI has to mandatorily report capital gains from the transfer of immovable property in India in income-tax return filings…
One of the key changes is that taxpayers who miss the due date will no longer face financial fines, making…
Crypto gains in India are taxed at 30% with no deduction for expenses other than purchase cost. Gifts are taxable,…
Taxpayers must verify details in AIS, Form 26AS, and Form 16 before filing ITR to avoid errors and notices. Discrepancies…
The Select Panel on the Income Tax Bill, 2025 recommends key taxpayer-friendly changes, including GAAR refinement, inter-corporate dividend deductions, relaxed…
Know when to expect your Income Tax refund in 2025 and check what each of the TDS status means.
When you prematurely close the SCSS account, there is a penalty. One needs to be mindful about it and the…