A Pune man successfully challenged the Income Tax Department, securing a full tax exemption on his Rs 3.21 crore land sale. Despite a technical error of not fully depositing sale proceeds into a ...

Taxation in India is the primary tool for the government to generate revenue, which is subsequently used for infrastructure ...

A Pune taxpayer faces a hefty Rs 9.44 lakh penalty for misreporting Rs 10.65 lakh in deductions, including fake claims for ...

Explains how Section 3 defines the earning year and the taxation year under the Income-tax Act. Clarifies why income earned in one year is taxed in the ...

This guide breaks down India’s income tax system, including tax heads, old vs new regimes, and core principles like equity and ...

Direct taxes are imposed directly on individuals and entities according to their income or wealth whilst indirect tax is imposed on goods, services or transactions and eventually paid by consumers.

Budget 2026 income tax expectations: Taxpayers in India are looking at Finance Minister Nirmala Sitharaman’s speech for announcements related to simplification of income tax slabs, returns, compliance ...

As the financial year draws to a close, millions of salaried taxpayers across India enter a decisive phase. What was once a routine process of submitt.

Finance Minister Nirmala Sitharaman on Sunday kept income tax slabs unchanged in the Union Budget 2026, meaning taxpayers will continue to be taxed at the same rates as in the financial year 2025 26 ...

Many investors ask: can you hold multiple demat accounts in India? The answer is yes, and it’s completely legal. However, most people don’t understand the rules, tax consequences, or whether it ...

Tobacco control must go beyond taxation and reflect a moral commitment to prioritising public health over revenue ...

If you're one of the millions of Americans who purchased a new car last year, you could benefit from a new tax break that allows taxpayers to deduct interest paid on their auto loans. The car loan tax ...