Income Tax
The Income Tax Department celebrated the 167th Income Tax Day on July 24, 2026, commemorating the introduction of income tax in India in 1860. …
Income Tax
The Income Tax Department is grappling with a significant shortage of 26,997 officers and support staff, raising concerns about tax administration efficiency and taxpayer …
Income Tax
An Allahabad High Court judge has legally contested the denial of tax exemptions under India's new income tax regime, highlighting ongoing confusion about allowance …
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 central government is set to introduce crucial bills related to income tax reforms and MSME sector support in the upcoming parliamentary session, potentially …
Income Tax
India has updated its Double Taxation Avoidance Agreement with Sri Lanka to prevent tax evasion and ensure better compliance. The amendment introduces stricter rules …
Income Tax
The Income Tax Department has released a comprehensive user guide for reporting foreign assets in 2026. Here's what Indian taxpayers need to know about …
Income Tax
If you sold shares, property or cryptocurrency in the financial year, understanding capital gains tax rules is crucial before filing your income tax return …
Income Tax
The Income Tax Appellate Tribunal has ruled in favor of SGS India, ordering a refund of excess Dividend Distribution Tax and capping the rate …