Taxpayer wins Rs 1.4 lakh penalty case in ITAT despite claiming false income tax deductions to reduce his income to Rs 4 lakh ...

No one wants to pay more in taxes than they have to. Here are nine IRS-approved strategies the wealthy use to pay less in ...

After filing your Income Tax Return (ITR), it is important to verify it. Without verification, your ITR won’t be considered ...

With income up to Rs 12 lakh now eligible for a rebate under Section 87A, many senior citizens may end up paying zero tax ...

Sitharaman praised the Central Board of Direct Taxes (CBDT) for reducing the word count, simplifying legal language, and ...

These bonds, named after Section 54EC of the Income Tax Act, 1961, offer a tax exemption on long-term capital gains if bought ...

Budget 2025 updates tax slabs under section 115BAC, offering zero tax up to ₹12 lakh income with rebate and marginal relief. Old regime remains ...

Over 2.25 lakh cases involving Rs 10 lakh crore in disputed tax demands are being targeted for resolution. The Finance ...

As the new regime becomes the default, here’s how both systems compare on tax rates, deductions and overall savings.

The five types of income liable to tax include salary, capital gains, house property, business or profession and income from ...

The new Income-Tax Bill aims to simplify the language and structure of India’s tax law without altering its core policy ...

The Indian government introduced a flat 30% tax on income generated from the sale of cryptocurrencies – or Virtual Digital ...