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 ...

Foreign investors are pouring money into Indian government bonds. This follows a tax exemption on interest and capital gains for investment...

Taxpayers can save income tax up to Rs 1.5 lakh annually by investing in Equity Linked Savings Schemes (ELSS). These tax-saving mutual fund...

A court has granted the Enforcement Directorate access to documents from the Serious Fraud Investigation Office. These documents are crucia...

The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...

Mr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...

The taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...

In a strategic step to lure foreign investment, India has eliminated taxes on capital gains and interest for overseas investors in its gove...

India's economic outlook continues to evolve, with Finance Minister Nirmala Sitharaman highlighting the government's unwavering resolve to ...

The Congress party alleges the Modi government is in panic over the economy. They point to a reported plan to remove capital gains tax on f...

India is set to eliminate capital gains tax for foreign portfolio investors on government securities to boost overseas capital inflows. Thi...

Indians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...

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...

Indian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...

Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...

Many taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...

Errors in Permanent Account Number entries and duplicate transactions are creating problems for taxpayers. The Income-tax Department is wor...