The taxation of capital gains is one of the most significant components of India’s direct tax structure. Whenever a person sells shares, real estate, gold, mutual funds, or even digital assets at a ...

Union Finance Minister Nirmala Sitharaman has entered the history books after presenting the ninth consecutive Budget.

The draft rules are part of a bigger plan to modernise India's income tax system by changing how individuals think about it, ...

Explains how agricultural income is fully exempt under Section 10(1) but can impact tax rates on other income. Covers ...

Indians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax ...

The Indian government has released new draft income tax rules in line with the New Income Tax Act. Discover the new ...

The government has denied that India follows a “multi-layered income-tax structure,” clarifying that income tax is levied ...

Taxation in India is the primary tool for the government to generate revenue, which is subsequently used for infrastructure ...

The Income Tax Draft Rules 2026 propose higher PAN thresholds, revised cash deposit and withdrawal limits and simplified ...

Currently, salaried employees residing in Mumbai, Delhi, Kolkata and Chennai can claim HRA exemption of up to 50% of salary under the old tax regime. For other cities, the limit is capped at 40%. The ...

India is set to witness one of the most significant tax reforms in decades. Starting April 1, 2026, the Central Government will roll out a completely new income tax law, replacing the decades-old ...

An NRI faced a proposed 78% tax after ₹14.70 lakh of his property payment was made through his mother’s account and treated as unexplained investment. The ITAT Mumbai deleted the addition after he ...