News
When Will ITR Filing 2026 Start This Year? All You Need To Know About Income Tax Return Filing For AY2026-27
2+ day, 9+ hour ago (500+ words) It is important to note that the Income Tax Act, 2025, came into force from April 1, replacing the 1961 Act. However, despite the shift to the I-T Act, 2025, for FY 26, the ITR this year will still be governed by the Income-tax Act,…...
Income Tax Rules 2026 Notified: Big Changes For Taxpayers From April 1
2+ week, 2+ day ago (937+ words) The Income Tax Department has notified the new Income-tax Rules, 2026, marking a significant overhaul of the decades-old tax framework. In a public announcement, Income Tax Department said the updated rules have been officially published in the e-Gazette, making them accessible…...
Section 54F Explained: Who Can Claim Capital Gains Tax Exemption On Property? Know How It Works
2+ week, 4+ day ago (477+ words) Taxpayers who reinvest capital gains from selling assets such as shares into a residential property can claim tax exemption under Section 54F of the Income Tax Act. But, a common question arises when payments for an under-construction home are made in…...
Income Tax: Raghav Chadha Proposes Joint ITR Filing For Married Couples; Here's What He Says
2+ week, 5+ day ago (489+ words) Rajya Sabha member Raghav Chadha has proposed allowing an optional joint filing of income tax returns (ITR) for married couples, arguing that the current income tax framework unfairly penalises families where only one spouse earns. Raising the issue in Parliament,…...
New ITR Deadlines, STT Hike, Revised Return Window Extended: Know Key Income Tax Changes From April 1
2+ week, 6+ day ago (998+ words) Income Tax Changes From April 1, 2026: Several key changes in India's direct tax framework will come into effect from April 1, 2026, with the Income-tax Act, 2025, replacing the six-decade-old Income-tax Act, 1961. The new law introduces simplified language and the proposals announced in the…...
New Income Tax Act 2025 To Take Effect From April 1: 10 Key Changes That Will Affect Your Money
3+ week, 6+ hour ago (542+ words) 1. PAN Rules Overhauled for High-Value Transactions Under the draft rules, PAN will be required for annual cash deposits or withdrawals of Rs 10 lakh or more (aggregate in a financial year). Currently, a per-day limit of Rs 50,000 is applicable in deposits,…...
Advance Tax Deadline Today: Who Needs To Pay And Can You Make Payment On Sunday?
3+ week, 9+ hour ago (626+ words) March 15 is the last date for paying the final instalment of advance tax for the financial year 202526. Taxpayers who are liable to pay advance tax must clear most of their tax dues by today to avoid interest charges under the…...
How To Reduce Taxes In FY26: Experts Suggest NPS, Real Estate & Tax-Loss Harvesting Strategies
3+ week, 2+ day ago (520+ words) With the financial year 202526 nearing its close, taxpayers are looking for ways to optimise taxes under the new tax regime. While the regime has limited many traditional deductions, experts say individuals can still reduce their tax burden through strategic salary…...
Income-Tax Notice In Your Inbox? Here’s Why Authorities Say You Should Be Careful
3+ week, 2+ day ago (277+ words) The Income-tax Department has warned taxpayers about fraudulent emails circulating online that falsely claim to be official notices for Assessment Year 202526. Authorities said these emails typically ask recipients to click on a link to view an "Assessment Order" or make…...
Income Tax Act 2025: Will Tax Slabs And Rates Change From April 1?
3+ week, 4+ day ago (444+ words) Income Tax Act 2025 Implementation Date, Slabs, Rates: The new Income Tax Act, 2025, which aims to simplify India's direct tax framework, will come into effect from April 1 this year. While the legislation replaces the existing six-decade-old Income Tax Act, 1961, taxpayers are…...