Experts clarified that since the person’s normal income stays below the ₹12-lakh limit, they fully qualify for the ₹60,000 ...

The Ministry of Finance has proposed a mechanism to calculate personal income tax for business households based on income.

From January 1, 2026, the lump-sum tax mechanism will end. All business households with taxable revenue must self-declare and ...

Explore the nuances of Capital Gains Tax vs Income Tax, their impact on financial planning, investment strategies, and ...

The Central Board of Direct Taxes (CBDT) has issued a fresh notification authorising Commissioner of Income-tax at the Centralized Processing Centre (CPC), Bengaluru, to rectify errors and issue ...

The Calcutta High Court remanded the matter for adjudicating authority to compute service tax on consolidated rental income exceeding threshold limits. Co-owners are not treated as a single entity ...

Facing delay in Income Tax refund? Know how to check refund status on the IT portal, reasons for delay, processing timeline, ...

Department for Work and Pensions (DWP) state pension rates are anticipated to rise by 4.8 per cent from April 2026, following ...

The Federal Inland Revenue Service (FIRS) says small businesses will still go through the full tax computation process from 2026, even though they will not be required to pay tax.

Explore the latest NRI capital gains tax rules under the Finance Act, 2025, including rates, asset classifications, and strategies to minimize liability through exemptions and ...

Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to release remaining refunds, ...

File photo of Aishwarya Rai Bachchan at Cannes Film Festival 2025. In a significant win against the Income-Tax Department, the Bollywood actor won a ₹4 crore dispute in the Income Tax Appellate ...