Income Tax
India's Income Tax Department is grappling with a significant workforce deficit, with nearly 27,000 positions lying vacant across officer and support staff categories, raising …
Income Tax
An Allahabad High Court judge has contested the denial of tax exemptions under India's new tax regime, highlighting ongoing confusion about deductions and benefits …
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 government is set to introduce crucial legislation on income tax reforms and MSME support in the ongoing Parliamentary session, signaling potential changes to …
Income Tax
India has updated its double taxation avoidance agreement with Sri Lanka to close loopholes that allowed tax evasion. The amendments align with global standards …
Income Tax
The Income Tax Department has released a comprehensive user guide for reporting foreign assets in 2026, simplifying compliance for taxpayers holding overseas investments, bank …
Income Tax
If you sold shares, property, or cryptocurrency in the financial year, understanding capital gains taxation is crucial before filing your income tax return to …
Income Tax
The Income Tax Appellate Tribunal has ruled in favour of SGS India, ordering a refund of excess Dividend Distribution Tax and capping it at …
Income Tax
Section 44ADA offers a simplified presumptive taxation scheme for eligible professionals, allowing them to declare 50% of gross receipts as income without maintaining detailed …