India’s net direct tax collections rose 12.96% year-on-year to Rs 12.12 lakh crore as of September 17, government data showed. Gross collec...

Indian residents and HUFs can use the basic exemption limit to lower capital gains tax. This provision under the Income Tax Act, 2025, rema...

Grandson claims share in late grandfather’s 75-bigha land, challenges sale by father; Rajasthan HC says it is father’s inherited land and r...

Daughter of widow who remarried after her husband’s death can inherit father’s share in his family property under Hindu Succession Act, 195...

Bengali Hindulandlord earns Rs 1.89 crore rental income in Delhi, reports it in his HUF’sITR; Income Tax dept rejects it on the ground that...

ITR deadline: By the end of August 31, 2026, over 7.8 crore individuals completed their income tax return submissions. Those who did not fi...

ITR filing deadline: Taxpayers with business or profession income must file their returns today. This deadline applies to those using ITR-3...

The deadline to submit ITR-3 forms for non tax audit business income is set for August 31, 2026. For those requiring a tax audit, the submi...

One of the biggest misconceptions among retail traders is that profits from F&O are taxed like stock market gains. That is not the case. Un...

Taxpayers engaged in business activities must submit either ITR-3 or ITR-4 by the deadline of August 31, 2026. While ITR-4 simplifies the p...

The Income Tax Department has reminded taxpayers with business or professional income who are not subject to audit to file their ITRs for A...

Non-Resident Indians are allowed to set up joint FCNR (B) accounts with their resident family members. These accounts must function on a 'F...

Succession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's ...

Gold bond rate: The Reserve Bank of India has established the early redemption price for a certain gold bond series. Investors have the opt...

Sebi is set to broaden the criteria for accredited investors, allowing individuals boasting securities assets of Rs 5 crore to qualify for ...

Sebi has proposed an initiative to include securities-market assets as a criterion for accredited investor status. Individuals holding five...

India's net direct tax collections grew 23.09 percent year-on-year to Rs 8.11 lakh crore. Gross direct tax collections increased 19.75 perc...