Income Tax
The Income Tax Department celebrated the 167th Income Tax Day on February 24, 2026, marking the introduction of income tax in India in 1860. …
Income Tax
India's Income Tax Department is operating with a shortfall of nearly 27,000 officers and support staff, raising concerns about tax administration efficiency during a …
Income Tax
A judge from Allahabad High Court has contested the denial of tax exemption claims under India's new tax regime, highlighting complexities that many taxpayers …
Income Tax
The Indian government has clarified that there is currently no proposal under consideration to eliminate long-term capital gains tax on equity investments, maintaining the …
Income Tax
The government is set to introduce key legislative reforms affecting income tax and MSMEs in the current Parliament session. These bills could reshape compliance …
Income Tax
India has revised its Double Taxation Avoidance Agreement with Sri Lanka, incorporating anti-abuse provisions to prevent treaty shopping and close loopholes exploited by entities …
Income Tax
The Income Tax Department has published a comprehensive user guide for reporting foreign assets in 2026, aimed at helping taxpayers accurately disclose overseas holdings …
Income Tax
If you've sold shares, property or cryptocurrency this financial year, understanding capital gains tax implications is crucial before filing your income tax return to …
Income Tax
The Income Tax Appellate Tribunal has granted significant relief to SGS India by ordering a refund of excess Dividend Distribution Tax and capping the …