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NSE flags regulatory, tech, AI, derivatives concentration risks in IPO papersThe National Stock Exchange raises a red flag regarding substantial financial and operational threats. Emerging regulatory frameworks, tech...- Planning early retirement at 50 with a Rs 12.5 crore corpus? Expert explains how to generate Rs 2 lakh monthly incomeAn investor planning early retirement at 50 with a Rs 12.5 crore corpus seeks expert advice on generating Rs 2 lakh monthly income. The exp...
- No PAN, no purchase allowed - not even with Form 97; PAN is now mandatory for these high value transactions under new tax rulesNew Income Tax Rules, 2026, effective April 1, 2026, mandate PAN for several high-value transactions. Form 97 replaces Form 60, but its use...
- Buying property costing between Rs 20 lakh and Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax DepartmentThe Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transact...
- Updated return vs black money law: Drafting gap may trigger 30% tax and 300% penalty under Finance Bill 2026Pay additional tax, file an updated return—and still face 30% tax and 300% penalty under the Black Money Act? Unless Finance Bill 2026 reso...
- New Income Tax Rules 2026 likely to be notified in first week of March: CBDT sourcesThe Income Tax Department is set to release new Income Tax Rules, 2026 and forms in early March. These rules will align with the Income Tax...
- Income Tax Department releases draft Income-tax Rules, 2026: Simplified forms, easier compliance & other key features explainedIncome-tax Rules: The Income Tax Department has released draft Income-tax Rules, 2026, effective April 1, 2026, simplifying ITR filing form...
- Draft income tax rules released, stakeholder feedback invitedDraft income tax rules: The changes include rationalisation of archaic perquisite thresholds—such as tax-free at-work meal values and gifts...
- Don’t submit an ITR right away after filling the form to get one last chance to fix the errorsTaxpayers filing their income tax returns (ITR) are advised to save a draft before submitting to allow for corrections. Once submitted, cha...
- Four critical changes in Income Tax Act: Standard deduction, UPS, income tax search, and other changes to be applicable in FY 2025-26Finance Minister Nirmala Sitharaman announced four key amendments to the Income Tax Act, 1961, addressing tax exemptions for sovereign weal...
- Section 87A rebate rule correction: No income tax till income of Rs 12.75 lakh for salaried individuals except this incomeFor FY 2025-26 (AY 2024-25) Section 87A rebate allows an salaried individual to not pay any tax for income up to Rs 12.75 lakh but this reb...
- Lok Sabha passes new Income Tax Bill amid din without debateNew Income Tax Bill 2025: The Lok Sabha passed the Income Tax Bill after incorporating recommendations from the Select Committee. This move...
- Did these errors in New Income Tax Bill, 2025 force withdrawal of the Bill today? Updated version to be introduced on Monday, August 11, 2025The Central government withdrew the Income-Tax Bill, 2025, on August 8, 2025, which was initially introduced to replace the Income-Tax Act,...
- Government withdraws Income-Tax Bill, 2025; updated version to be tabled on MondayThe Income-Tax Bill, 2025, intended to replace the 1961 Act, has been withdrawn by the government. A revised version, incorporating recomme...
- SC rejects finance ministry’s plea against input tax credits for commercial rentalsThe Supreme Court has dismissed the finance ministry's plea to review its October judgement, which allowed real estate companies to claim i...
- Aditya Birla Sun Life Mutual Fund files draft document for Nifty India Defence Index FundAditya Birla Sun Life Mutual Fund has filed with Sebi for a new Nifty India Defence Index Fund, becoming the third fund house to offer a pa...
- Zerodha Mutual Fund files draft for ELSS, large & mid cap passive fundsZerodha Mutual Fund has filed drafts for two passive schemes: Zerodha Tax Saver (ELSS) Nifty LargeMidcap 250 Index Fund and Zerodha Nifty L...
- Facing ITR related problems? FAQs regarding ITR errors, e-verification issuesFor those who are having difficulty filing their returns, the Income Tax Department has provided the most recent FAQs. ITR stands for Incom...
- Government simplifies GSTR-3B filing, here’s what has changedEarlier, a taxpayer was required to Submit the return to ascertain the tax liability amount. Post submission, no changes were allowed. Now,...
- Appoint legal draftsmen to avoid ambiguities: FMThe government has accepted that there are drafting errors in important laws including the Special Economic Zone (SEZ) Act, Income-Tax (I-T...
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