13+ hour, 22+ min ago  (56+ words) Not Tracking Spending: Without monitoring daily expenses, it's easy to overspend on small purchases that add up. Late fees, impulsive buys, and unnecessary subscriptions can drain accounts. Tracking spending helps identify patterns, set budgets, and prioritize savings. Simple apps or…...

4+ day, 20+ hour ago  (439+ words) The draft rules, currently open for public feedback, are aligned with the forthcoming Income Tax Act, 2025, which is scheduled to take effect next year. A major proposal relates to cash deposits and withdrawals. Under the draft norms, PAN will be…...

4+ day, 21+ hour ago  (259+ words) Buoyed by the Supreme Court's ruling denying tax treaty benefits to US investment firm Tiger Global, India's tax authorities have, over the past two weeks, issued notices to at least seven overseas venture capital and private equity firms. The Income…...

5+ day, 16+ hour ago  (354+ words) Rajya Sabha MP Raghav Chadha has called on the government to abolish Long-Term Capital Gains (LTCG) tax on equities for individual investors. His demand comes after Finance Minister Nirmala Sitharaman announced a hike in Securities Transaction Tax (STT) on derivatives…...

6+ day, 16+ hour ago  (604+ words) From April 1, the Income Tax Act, 2025, will become effective. To implement it, the income tax department has released the Draft Income-tax Rules, 2026. The new law seeks to simplify income tax return filing with clear norms for income and perquisites. Under…...

1+ week, 21+ hour 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…...

1+ week, 5+ day 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…...

1+ week, 6+ day 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,…...

1+ week, 6+ day 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…...

2+ 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…...