Traders declaring business or F&O income below 6% of their turnover may face a mandatory tax audit. This rule applies even if ...

A major bug in India’s Income Tax portal exposed taxpayers’ bank, Aadhaar, and personal details before it was fixed by the ...

While the introduction of a new tax regime and revised capital gains taxation in India offers simplicity, complexities in ...

LTA paid (cash or through baking channels) is taxable under the provisions of Income Tax Act. May be you have actually ...

A senior/super senior citizen may submit declaration in Form No. 15H to the deductor for non-deduction of TDS to the effect ...

Supreme Court examines plea challenging constitutional validity of Securities Transaction Tax (STT) in India, citing double ...

With the ITR filing deadline of September 16, 2025 now over, many taxpayers are awaiting their income tax refund. Many taxpayers who have a high refund amount due are wondering whether their refund ...

When news broke of Tata Consultancy Services (TCS) parting ways with senior employees and offering generous severance ...

IT Act for business expenditure deduction. Covers "wholly and exclusively" test, commercial expediency, and disallowance of capital, personal, and illegal ...

The Chhattisgarh High Court ruled that compensation received for land acquired by the NHAI is exempt from income tax under Section 96 of the RFCTLARR Act. This decision provides relief to a taxpayer ...

Residential status under the Income Tax Act is determined every financial year based on the number of days an individual stays in India. An individual is considered Resident if any one of the ...

The concept of a Hindu Undivided Family (HUF) has been part of Indian tradition for generations. Reflecting this cultural ...