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 …
Income Tax
The government is set to introduce several key legislative reforms in the upcoming Monsoon Session of Parliament, covering income tax overhaul, MSME support, and …
Income Tax
Filing your income-tax return is just the first step. Without e-verification within 30 days, your ITR remains unprocessed, delaying refunds and causing compliance issues.
Income Tax
Union Finance Minister Nirmala Sitharaman has unveiled PRARAMBH 2026, a comprehensive initiative aimed at transforming India's income tax system. The program focuses on simplification, …
Income Tax
The Income Tax Department now displays foreign asset details in the Annual Information Statement, helping taxpayers accurately report overseas holdings and comply with Schedule …