10+ hour, 13+ min ago   (711+ words) The income tax department has released the Draft Income-tax Rules, 2026, to operationalise the Income-tax Act, 2025. While these rules are still in draft form and may change after stakeholder consultations, they provide a detailed roadmap of how the new tax system…...

5+ day, 22+ min ago   (303+ words) Budget 2026 Proposal On Provident Fund And TDS Changes Explained: The Union Budget 2026 has proposed a set of structural reforms aimed at simplifying provident fund taxation, easing employer compliance, and rationalising tax deduction at source (TDS) provisions. One of the key…...

6+ day, 6+ hour ago   (584+ words) Income Tax Act 2025 Key Features: Beginning April 1, the Income Tax Act, 2025, will come into force, replacing the six-decade-old Income Tax Act, 1961. All tax changes announced in the Union Budget 2026-27 will be incorporated into the new legislation. The Income Tax Act,…...

6+ day, 10+ hour ago   (328+ words) What is a share buyback? What was the earlier tax regime? Under the existing framework, companies paid a buyback tax (around 20 per cent plus surcharge and cess) on the distributed income. Shareholders, including promoters, received buyback proceeds largely tax-free. This…...

1+ week, 1+ day ago   (635+ words) Budget 2026: As preparations gather pace for the Union Budget to be presented on February 1, expectations are rising among individual taxpayers over possible tweaks to income tax rules. With the new tax regime continuing as the default framework for FY 202526, attention…...

1+ week, 4+ day ago   (666+ words) Old Tax Regime Vs New Tax Regime: As Union Budget 2026-27 draws closer, taxpayers are hoping for tax relief and additional exemptions. At the same time, speculation has intensified over whether the government may finally phase out the old income tax…...

2+ week, 3+ day ago   (417+ words) As the Centre prepares to present the Union Budget in February 2026, expectations are building around possible changes to the personal income tax framework, with policymakers facing mounting pressure to make the new tax regime more attractive for middle-class taxpayers. A…...

3+ week, 3+ day ago   (641+ words) Will Budget 2026 bring further income tax changes? While the government has continued to simplify the regime by modifying slabs and reducing complexities, the question now is whether any further income tax changes will be announced in Budget 2026. According to Richa…...

3+ week, 3+ day ago   (224+ words) Income tax refunds are commonly delayed when returns are not fully processed or when the department detects mismatches or non-compliance in the filing. One of the most frequent reasons is failure to verify the ITR after filing. Filing the return…...

3+ week, 6+ day ago   (57+ words) Countries like the US and UK already allow joint tax filing, recognising family income and shared responsibilities. Budget 2025 also introduced the new Income Tax Act, 2025, simplified TDS/TCS rules, made income up to Rs 12 lakh tax-free, and pushed the effective…...