Discovering you have two Public Provident Fund accounts can be a common oversight, but it's crucial to address. Indian regulations strictly...

Taxpayers can breathe easy as the Income Tax Return (ITR) filing deadline for AY 2026-27 is unlikely to be extended. Unlike last year's tec...

The Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27. This form is fo...

India's direct tax collections have seen a significant jump. Net collections reached Rs 5.21 lakh crore by June 17, marking a 14.64% increa...

Self-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent paid under Sectio...

The Supreme Court has proposed mediation for the Kalyani siblings to settle their extensive family dispute over ancestral wealth and compan...

Tenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...

AICC chief Mallikarjun Kharge has declared total assets worth Rs 38.76 crore in his Rajya Sabha nomination affidavit. His assets include mo...

Individuals and certain entities will face a maximum 39% income tax rate under the new tax regime for Tax Year 2026-2027. This Maximum Marg...

The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2021-22 Series-II, fixed at Rs 15,672 ...

Individuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can f...

A Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...

A parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...

The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-II, fixed at Rs 15,904 pe...

The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series-VIII, allowing investor...

Income tax return AY 26-27: The Income Tax Department has launched Excel utilities and online filing for ITR-1 and ITR-4 for the Assessment...

A Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...