One might have incurred some losses while selling assets, securities or properties in India. Such losses can be carried ...

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

Salaried individuals with an annual income of up to Rs 12.75 lakh will have zero tax liability under the new tax regime. But ...

The Union Budget 2025-26, which Prime Minister Narendra Modi said was designed for the common man, gave relief to the middle ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

While most countries, such as the US, UK, Australia, Canada, the Netherlands and Germany follow the calendar year (January to ...

Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...

Budget 2025 extends the period for filing updated income tax returns from 24 months to 48 months. Taxpayers will now face ...

Currently, husband and wife have to file separate income tax returns in the country. But now there is a demand to adopt the ...

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

Ahead of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of joint ...