8+ hour, 49+ min ago  (266+ words) Similarly, the threshold for furnishing PAN for high-value spending at hotels, restaurants and functions has been increased. Earlier, PAN was required for bills above Rs 50,000. From April 1, 2026, PAN will be needed only when the bill exceeds Rs 1 lakh. The rules…...

1+ day, 12+ hour ago  (181+ words) Investors who are planning to sell their equities and mutual funds to build their own house can save taxes, as long as they follow the rules of the Income tax act. Under Section 54F, an individual or Hindu Undivided Family (HUF)…...

1+ day, 14+ hour ago  (97+ words) Employer's Contribution to NPS (Section 80CCD(2)): The National Pension System (NPS) remains a powerful tax-saving tool under the new regime. While individual contributions to NPS do not qualify for deductions here, the employer's contribution continues to be deductible under Section 80CCD(2). Employers…...

3+ day, 12+ hour 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…...

1+ week, 19+ 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…...

1+ week, 19+ 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…...

1+ week, 1+ day 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…...

1+ week, 2+ day 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, 3+ day 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…...

2+ week, 1+ 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…...