Employee got hit with Rs 10 lakh for getting foreign employer’s share as ESOPs and not reporting it via Schedule FA in ITR; ...

The April 15 tax deadline is almost here. Learn how to file for an automatic six-month extension and the crucial difference ...

Here are the scams to watch out for in 2026, why you shouldn't use AI as a shortcut to file your taxes and how to file an extension.

The new law reorganizes provisions and introduces clearer section mapping for business income. It simplifies compliance while retaining core taxation ...

A performance bonus is treated as part of your salary income and is taxed at your applicable slab rate. There is no separate ...

Taxpayers owning up to two house properties, whether self-occupied, let out, or a combination, can now report income or loss ...

A Rs 5.58 lakh agricultural land purchase turned into a tax dispute after the taxpayer gave different explanations for the ...

Indians holding overseas pension accounts will have to change the way they file income tax returns. New income tax return ...

The issue concerns applicability of tax audit based on turnover thresholds. The ruling highlights that exceeding prescribed ...

A key change this year is the expansion of ITR-1 (Sahaj), which now allows taxpayers to report income from up to two house properties.

For senior citizens, this marks a key change. Earlier, Form 15H allowed those aged 60+ to declare nil tax liability and avoid TDS. Now, Form 121 replaces both Forms 15H and 15G, removing the age-based ...

The New Income Tax Act comes into effect today, April 1, 2026. Get real-time updates on tax slabs, increased standard ...