India’s income tax base is undergoing a fundamental transformation, with taxpayers steadily moving away from a single-income, salary-dependent model towards a new generation of multi-income earners.

Income from F&O trading, whether gains or losses, is required to be reported under the head “Profits and Gains of Business or ...

A Canadian citizen of Indian origin lost his plea in the Delhi High Court to condone the delay in filing his income tax return. He failed to claim TDS deducted on the sale of his Rs 2 crore Indian ...

Landlord gets tax notice adding Rs 7 lakh deemed rent to his income for letting his five properties remain vacant; he said he tried his best to find tenants but could not and ultimately sold the ...

● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...

As per the Income Tax Department guidelines, it generally takes 4 weeks to 5 weeks to credit a refund to a taxpayers account.

Income Tax Act, 1961 allows 2 house property to be declared as Self occupied while all others are compulsorily required to be ...

The OECD profile signals Brazil is no longer a jurisdiction where TP can be treated as a mechanical compliance exercise, one ...

Join ITR for a free webinar on February 4 as senior tax practitioners from BDO India analyse a highly significant ruling by ...

From crypto SIPs and precious metals to IPO mania, 2025 saw investors chase returns like never before. As markets remind them ...

Income tax refunds have contracted by 16.9% as of January 2026, with the government issuing ₹3.11 lakh crore compared to ...