Income Tax
India's Income Tax Department is grappling with a massive workforce deficit of 26,997 officers and support staff, potentially impacting tax collection efficiency and taxpayer …
Income Tax
An Allahabad High Court judge has contested the income tax department's denial of exemptions under the new tax regime, highlighting the complexities taxpayers face …
Income Tax
The Indian government has clarified that there is no proposal under consideration to scrap the long-term capital gains tax on equity investments, maintaining the …
Income Tax
The Indian government is set to introduce crucial Income Tax and MSME Bills in Parliament, signaling potential reforms in taxation and small business regulations …
Income Tax
India has amended its double taxation avoidance agreement with Sri Lanka to prevent misuse of treaty benefits and curb tax evasion, introducing stricter residency …
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've sold shares, property, or cryptocurrency this year, understanding capital gains tax rules is crucial before filing your income tax return to avoid …
Income Tax
Section 44ADA offers presumptive taxation for specified professionals, allowing them to declare 50% of gross receipts as income. Understanding eligibility, conditions, and recent changes …
Income Tax
The Income Tax Department has enhanced its Annual Information Statement (AIS) to include foreign asset details for the past three calendar years, improving transparency …