Income tax rebate confusion: Capital gains impact on new ₹12 lakh threshold explained
The calculation of tax rebates continues to be unclear when it comes to income from capital gains. This issue arises […]
Income Tax Recent News – 2025
Supreme Court nullifies ₹186 crore tax demand for Patanjali Foods
Patanjali Foods Ltd. has provided a clarification regarding a Special Leave Petition (SLP) filed by the Principal Commissioner of Income
Income Tax Dept uncovers ₹22,000 crore in undisclosed foreign assets and investments: Report
The Income Tax Department has detected ₹22,000 crore worth of undisclosed foreign assets and investments, The Economic Times reported, citing
Individual taxpayers claimed higher tax benefits on political donations than corporate entities
The revenue impact of tax deductions availed by individual taxpayers for donations to political parties has surged post-Covid-19. In fact,
New Income Tax Bill 2025 eases NRI worries, enhances clarity and compliance
The Income Tax Bill 2025 endeavours to create a more transparent and efficient tax environment for NRIs, addressing long-standing challenges
Rules for taxation of non-profit entities combined
The new Income Tax Bill, 2025 has streamlined and simplified provisions related to the taxability of non-profit organisation (NPO), which
New Income Tax Bill: No changes in capital gains tax structure, but language simplified
Some taxation experts are calling the recently-tabled new tax bill a significant reform that will help modernize and simplify India’s
AAP MP Raghav Chadha questions Nirmala Sitharaman’s ₹12 lakh income tax relief for middle class: ‘Is it untrue…’
Aam Aadmi Party MP Raghav Chadha on Friday said Union Finance Minister Nirmala Sitharaman tried to complicate his words at
Leased Property GST ITC: Legal dispute, policy changes deepen tax uncertainty
The eligibility of input tax credit (ITC) on construction expenses for leased properties has become a challenging issue, with both
Income tax official held in TDS scam case denied bail
Denying bail to income tax inspector Tanaji Adhikari, arrested in 2023 Rs 264 crore money laundering case, a special PMLA
