Budget 2026 may introduce new reporting and disclosure norms in the income tax return form, as well as consider proposals for limits and GST on gold, including other taxation issues.

Union Budget 2026–27 is expected to keep income tax reforms in focus as FM Nirmala Sitharaman presents her ninth Budget on February 1. With nil tax up to Rs 12.75 lakh already in place, taxpayers are ...

Are you a senior citizen? Earn up to 8% on five-year FDs, but watch tax rules, TDS limits, and deposit insurance. Know details.

The Tribunal examined whether the AO formed an independent belief before reopening. Finding verbatim reasons and rubber-stamp ...

As the countdown to Union Budget 2026 begins, income tax relief has once again emerged as the biggest expectation for India’s ...

Budget 2026 has an opportunity to build trust by using existing digital systems to create a more transparent, responsive and taxpayer-centric compliance ecosystem.

As the Indian Union Budget 2026 approaches, personal taxpayers anticipate significant reforms. The article highlights a growing tax base and a preference for simplified tax structures, with many ...

ITAT Delhi held that day of arrival should be excluded while computing number of stayed in India. Accordingly, the status of assessee is non-resident. Thus, the appeals of the assessee is ...

The Union Budget matters to middle-class families because it can reshape everyday costs, savings, home ownership and ...

This article explores the strategic use of this election, highlighting its potential to optimize tax outcomes for both trusts ...

State officials are reminding New Yorkers to take advantage of New York State’s recently expanded child tax credit, also ...

A corporation’s annual charitable contribution deduction cannot exceed 10% of the corporation’s taxable income Sec. 170 (b) (2) (A)), computed without regard to the following (Sec. 170 (b) (2) (D)): ...