Income Tax
With the income tax return deadline approaching, taxpayers must understand the complete process of filing their ITR online through the government's e-filing portal to …
Income Tax
The Income Tax Department celebrated the 167th Income Tax Day on February 24, 2026, marking the anniversary of India's first income tax legislation in …
Income Tax
The Income Tax Department is grappling with a shortage of nearly 27,000 officers and support staff, raising concerns about enforcement capacity and taxpayer services …
Income Tax
A High Court judge's challenge to the denial of exemptions under India's new tax regime highlights ongoing confusion about deductions and exemptions available to …
Income Tax
The Indian government has clarified that there is no proposal under consideration to eliminate the long-term capital gains tax on equity investments, maintaining the …
Income Tax
The government is set to introduce key legislation on income tax and MSME reforms in Parliament, potentially reshaping the tax landscape and support framework …
Income Tax
India has updated its double taxation avoidance agreement with Sri Lanka to prevent tax evasion and ensure proper revenue collection. The amendments include stricter …
Income Tax
The Income Tax Department has released a comprehensive user guide for reporting foreign assets in 2026. Here's what taxpayers need to know about declaring …
Income Tax
Capital gains from selling shares, property, or cryptocurrency attract different tax rates and holding period rules. Understanding these nuances is crucial for accurate ITR …