Income Tax
The Income Tax department has released a comprehensive user guide for reporting foreign assets in 2026. Indian residents must accurately disclose all overseas holdings …
Income Tax
If you've sold shares, property or cryptocurrency in the financial year, understanding capital gains tax implications is crucial before filing your income tax return …
Income Tax
The Income Tax Appellate Tribunal has granted significant relief to SGS India, ordering a refund of excess Dividend Distribution Tax and capping the tax …
Income Tax
The Income Tax Department has enabled taxpayers to view their foreign asset holdings directly through the e-filing portal, enhancing transparency and compliance monitoring.
Income Tax
Section 44ADA offers a simplified tax regime for eligible professionals with turnover up to ₹75 lakh, allowing presumptive income calculation at 50% of gross …
Income Tax
Form 16 simplifies tax filing, but relying on it blindly can lead to discrepancies in your Income Tax Return. Here are seven crucial verifications …
Income Tax
The government plans to introduce five significant bills during the Monsoon Session of Parliament, covering income tax reforms, MSME support, and regulatory changes. Here's …
Income Tax
Union Finance Minister Nirmala Sitharaman has unveiled PRARAMBH 2026, a new initiative by the Income Tax Department aimed at simplifying tax compliance and enhancing …
Income Tax
Filing your income tax return is only half the job done. Learn why e-verification within 30 days is crucial and how to complete it …