India's new Income Tax Act will take effect from April 1, bringing simplified compliance, a tax year system, and reduced litigation while keeping existing tax slabs unchanged for now.

India's Income-tax Act, 2025 simplifies tax law with fewer sections, clearer rules, digital processes, and higher exemptions, ...

Union Budget 2026–27 is expected to keep income tax reforms in focus as FM Nirmala Sitharaman presents her ninth Budget on ...

As far as income tax is concerned, experts believe the government will focus more on administrative work and does not foresee ...

With many income tax incentives already expired or approaching sunset, 34% of respondents said they expected the government to bring back a manufacturing-linked lower tax rate regime ...

The Income Tax Appellate Tribunal (ITAT) Mumbai ruled in favour of a taxpayer whose Rs 5.6 lakh in foreign currency was seized by the tax department. The tribunal clarified that holding legitimately ...

Budget 2026 income tax expectations: Will FM Nirmala Sitharaman reduce the number of tax slabs under the new income tax regime to ease compliance and reduce confusion for taxpayers? Times of India Onl ...

Several proposals under discussion focus on selective relief rather than broad-based rate cuts. These include ...

Unsecured loans can quickly turn into a tax headache if documentation is weak, as one recent case highlights. Tax advisory ...

Budget 2026: As the Union Budget 2026 nears, taxpayers anticipate changes to income tax slabs, deductions, and rebates.

Ahead of Budget 2026, households expect measures to ease expenses and boost disposable income, including tax relief, GST rationalisation, food price control, housing affordability, and better ...

Union Budget 2026–27 is widely expected to reinforce growth momentum while easing cost-of-living pressures for taxpayers. Anticipated measures include a modest hike in the standard deduction, a higher ...