13+ hour, 31+ min 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…...

17+ hour, 52+ min 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…...

2+ day, 16+ hour 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…...

2+ day, 16+ hour ago  (296+ words) Advance Tax Deadline: The deadline for the fourth tranche of advance tax is on March 15, 2026. Those who are eligible have to pay 100 per cent advance tax by the due date, as failing to comply will attract fines and other penalties....

3+ day, 10+ hour ago  (398+ words) The Income Tax Department has conducted a nationwide survey across dozens of cities after detecting large-scale underreporting of sales in the food and beverage sector. The Income Tax Department has uncovered significant suppression of sales by restaurants across India following…...

1+ week, 16+ hour ago  (472+ words) GST Rules For Online Sellers: Thousands of small businesses and individuals now sell products online through platforms like Amazon, Flipkart, and Meesho. However, one question continues to confuse many sellers: Do you need a GST number to sell on e-commerce…...

1+ week, 5+ day ago  (285+ words) A reader who works with a company listed on the London Stock Exchange is facing this exact situation. With retirement approaching, the employee wants to transfer ESOP shares from the employer-provided international demat account to a personal account and avoid…...

2+ week, 3+ day ago  (316+ words) Salaried taxpayers claiming House Rent Allowance (HRA) for rent paid to close family members may soon need to disclose their relationship with the landlord under proposed new income-tax rules. Mandatory Disclosure Under Draft Rules Under the Draft Income Tax Rules,…...

2+ week, 3+ day ago  (68+ words) Income Tax Under New Tax Regime- Taxable Income: Rs 11, 90,000 (After a 30% standard deduction on rental income of Rs 17 lakh)- Basic exemption limit- Income Tax: Rs 59,000 (on income from Rs 4,00,001 to Rs 11,9000- Rebate u/s 87A: Rs 59,000 (makes income of Rs 11.9 lakh…...

2+ week, 4+ day ago  (304+ words) Income Tax Draft Rules, 2026: To provide employees with higher tax exemptions and allowance limits, the income tax department has proposed revisions to multiple monetary allowances under the Income Tax Draft Rules, 2026. The changes, released for public consultation, update several limits…...