A Delhi landlord, busy caring for his ailing father, missed the deadline to e-verify his income tax return, leading to a denied Rs 17 lakh ...

A significant tax relief has been granted to airlines, with India now exempting tax deducted at source (TDS) on aircraft lease rentals paid...

Charitable trusts and institutions that missed the 80G registration renewal deadline have received a one-time reprieve from the CBDT. The t...

ITR filing: Filing your Income Tax Return (ITR) offers significant advantages beyond just tax payment. It's crucial for claiming refunds, c...

The public issue, which was open for subscription between June 24 and June 29, was subscribed 1.37 times overall. The retail investor porti...

Stock market traders, especially those involved in intraday and F&O trading without a registered business, need to understand tax audit rul...

Donald Trump's tariffs, once feared to cripple markets, have had a surprisingly muted impact, with actual levies lower than headline rates....

Ravi Agrawal, Chairman of the Central Board of Direct Taxes (CBDT), has received a six-month tenure extension, keeping him in the role unti...

As Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why ta...

July marks crucial income tax deadlines for Indian taxpayers. The major deadline is July 31 for salaried individuals and pensioners to file...

Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...

Car manufacturers are scaling back discounts on budget-friendly hatchbacks and entry-level models, indicating a robust recovery in mass-mar...

Individuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the appl...

Resident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...

ITR filing: Transferring investments to your spouse to save taxes is a common misconception. The Income Tax Department scrutinises fund sou...

AY 26-27 and TY 26-27: Confusion surrounding the new Income Tax Act, 2025, and its transition from Assessment Year (AY) to Tax Year (TY) is...

Indian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose ...