The new law aims to replace the long-standing Income Tax Act, 1961, with clearer language, simpler rules, and easier ...

The Income Tax Act, 2025, simplifies direct taxes, removing ambiguities and thus reducing the scope of legal actions.

The Union Budget 2026-27 has brought significant updates for taxpayers, with Finance Minister Nirmala Sitharaman announcing the implementation of a new Income Tax Act from April 1, 2026. Along with a ...

Budget 2026 approaches with taxpayers focused on the income tax rebate. Experts anticipate changes to Section 87A, potentially increasing limits or introducing gradual tapering. The rebate aims to ...

Union Budget 2026 introduces a new Income Tax Act effective April 1, 2026, offering major relief through simplified ...

With the core structure already in place, Budget 2026 is expected to focus on fine-tuning rather than major overhauls. The ...

For individual taxpayers filing ITR-1 and ITR-2, the original due date will remain 31 July, ensuring that salaried ...

Active Income vs Passive Income Meaning, Tax Implications and Wealth Creation Strategy In personal finance and taxation, ...

Capital gains tax is levied on profits earned from the sale of capital assets such as equity shares, mutual fund units, real ...