If your bank has deducted tax on your FD interest, that money may still be yours. You just need to know how to get it back.

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

The ruling highlights that mere failure to file return, without concealment or tax evasion, does not automatically attract Section 270A penalty. Bona fide explanation and TDS compliance protected the ...

In December, the Income-tax Department sent SMS and email alerts flagging mismatches in reported income and non-disclosure of ...

Budget 2026 introduces the new Income Tax Act, 2025 effective 1 April 2026. The existing law will continue for FY 2025-26, ...

The ITA 2025 broadly retains current TDS rates, advance tax instalments, and audit thresholds, but consultants with multiple income streams may not qualify for presumptive taxation.

Short-term lessors face an “impossible challenge” to comply with new regulations due to a lack of certainty of timelines on ...

New Delhi: India will implement the Income Tax Act, 2025 from April 1, 2026. Draft Rules 2026 aim to simplify tax filing and ...

Senior citizens in India who have zero tax liability have received a major compliance relief. A recent procedural ...

Indian small savings schemes provide safe, government-backed returns. However, their tax implications vary greatly.

With the implementation of the Income Tax Act, 2025, taxpayers seeking relief from higher tax deductions at source (TDS) will ...

Budget 2026 tax changes for NRIs explained by a CA, covering overseas income exemption, residency rules, property sales, ...