Tag: Income Tax

As tax season approaches, many individuals and businesses are focusing on their filing responsibilities. While some conclude their returns promptly, others may discover inaccuracies...

Under the current regulations, providing a Permanent Account Number (PAN) is mandatory for real estate transactions if the transaction value exceeds Rs 10 lakh....

In India, individuals can legally earn tax-free income through options like PPF, EPF, agricultural income, Sukanya Samriddhi Yojana, and eligible gifts, enabling smart financial...

Salaried taxpayers who claim House Rent Allowance (HRA) under the old tax regime will face stricter reporting requirements as outlined in the Draft Income...

The Government of India has announced that a new Income Tax Act will come into effect on April 1, 2026, replacing the six-decade-old Income‑tax...

The government has released a draft of income tax rules that outlines proposed changes to the usage of the Permanent Account Number (PAN) beginning...

The Income Tax Department has released draft Income Tax Rules, 2026, proposing significant revisions to when quoting a Permanent Account Number (PAN) will be...

The Income Tax Act offers various investment avenues for tax savings under Section 80C. Two popular options among taxpayers are Equity Linked Savings Schemes...

In 2017-18, I did something that surprised even myself. I spray-painted 3 words on a public wall: #TaxationIsTheft. The media covered it, and surprisingly,...

The Indian government has unveiled draft rules for a new Income Tax Act, set to come into effect on April 1. This new legislation...

The Madras High Court has dismissed a petition filed by actor Vijay challenging a tax penalty of ₹1.5 crore. The penalty was levied for...

Finance Minister Nirmala Sitharaman presented Budget 2026 at a time when middle-class households and low-income groups were hoping for tangible tax relief to cushion...