The draft of India’s 2025 Income Tax Bill simplifies the language of the complex 1961 Act. This is welcome. But the effort ...

In this blog post, I’ll break down what these schedules are, provide real-world examples, and explain how to report them on ...

The Select Committee on the Income-Tax Bill 2025 recommended this, say officials closely involved with the legislation.

Some countries across the Gulf, Europe, and Asia allow residents to keep 100% of their earnings as they impose no income tax.

While the new regime has fewer levers, there are still legitimate strategies available to reduce tax liability. When Budget ...

Resident Indians must report foreign mutual fund holdings and other overseas assets in ITR under Schedule FA. Know how to ...

Relief for these Property buyers and other taxpayers who got tax demand notice due to short deduction of TDS from ...

The Income Tax Department has access to global financial data through international frameworks like the Common Reporting ...

Budget 2025 updates tax slabs under section 115BAC, offering zero tax up to ₹12 lakh income with rebate and marginal relief. Old regime remains ...

The adviser behind Labour’s inheritance tax raid on farmers has called on Rachel Reeves to raise capital gains tax to plug ...

With these 32 suggestions, the Committee has provided a roadmap for refining the new income-tax legislation—balancing simplification with safeguards, and modernization with continuity.

Resident Indians classified as “Resident and Ordinarily Resident” (ROR) are required to disclose all foreign assets, ...