Tag: Income Tax

Beginning on April 1, 2026, employees in India will notice a significant change in the issuance of income tax documentation. The familiar Form 16,...

IndiGo, India's largest airline, is urging the government for a reduction in fuel taxes as it, along with Air India, faces mounting financial pressures...

As the end of the financial year approaches, taxpayers are reminded that the deadline for the fourth and final instalment of advance tax for...

Under the Income Tax Act of 1961, Section 194-IB, individuals or Hindu Undivided Families (HUF) paying a monthly rent of ₹50,000 or more are...

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...