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

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

This salaryman got hit with Rs 1 lakh tax penalty as he forgot to deduct and submit TDS while paying Rs 55,000 as monthly ...

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 Capital Gains Account Scheme is a special facility offered to taxpayers under the current income tax laws, allowing ...

Key points for auditors on Clause 34 of the Tax Audit Report, covering TDS/TCS compliance, statement furnishing requirements, ...

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

In a rapidly evolving fixed income landscape, investors are increasingly seeking strategies that deliver not just stability ...

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

Most fixed-income instruments offer 7–8% pre-tax. A right infrastructure asset class through an InvIT, can earn 12–15% ...

Banks, tax rules, state governments, and central housing schemes offer incentives that help women make long-term investments ...

For one, your children's school and college tuition fees are eligible for deductions under section 80C. That would help ...