Income Tax
With the income tax return filing deadline approaching, taxpayers can easily submit their ITR through the official e-filing portal. Here's a comprehensive step-by-step guide …
Income Tax
The Income Tax Department celebrates its 167th founding anniversary on July 24, marking the introduction of income tax in India in 1860. Here's what …
Income Tax
The Income Tax Department is operating with a significant shortfall of nearly 27,000 officers and support staff, impacting tax administration and compliance efforts across …
Income Tax
An Allahabad High Court judge's challenge over exemption denial under the new tax regime highlights confusion about deductions and raises questions about the system's …
Income Tax
The Indian government has clarified that there is no proposal under consideration to eliminate the long-term capital gains tax on equity investments, maintaining the …
Income Tax
The Indian government is set to introduce new Income Tax and MSME Bills in Parliament, potentially bringing significant reforms to taxation and small business …
Income Tax
India has amended its tax treaty with Sri Lanka to prevent tax avoidance through treaty shopping and ensure fair taxation of cross-border income, impacting …
Income Tax
The Income Tax Department has released a comprehensive user guide for reporting foreign assets in 2026, helping taxpayers comply with disclosure requirements for overseas …
Income Tax
If you sold shares, property, or cryptocurrency this financial year, understanding capital gains tax implications is crucial before filing your ITR to avoid penalties …