Income Tax
As India navigates economic recovery and development goals, the government faces tough fiscal choices balancing tax revenue, spending priorities, and deficit management. Understanding these …
Income Tax
As Budget 2026 approaches, speculation grows about whether the government will simplify the new income tax regime by reducing slabs similar to GST's tiered …
Income Tax
The Income Tax Department celebrated the 167th Income Tax Day on July 24, 2026, commemorating the introduction of income tax in India in 1860. …
Income Tax
The Income Tax Department is grappling with a significant shortage of 26,997 officers and support staff, raising concerns about tax administration efficiency and taxpayer …
Income Tax
An Allahabad High Court judge has legally contested the denial of tax exemptions under India's new income tax regime, highlighting ongoing confusion about allowance …
Income Tax
The Indian government has clarified that there is no proposal under consideration to eliminate the long-term capital gains tax on equity investments, maintaining the …
Income Tax
The central government is set to introduce crucial bills related to income tax reforms and MSME sector support in the upcoming parliamentary session, potentially …
Income Tax
India has updated its Double Taxation Avoidance Agreement with Sri Lanka to prevent tax evasion and ensure better compliance. The amendment introduces stricter rules …
Income Tax
The Income Tax Department has released a comprehensive user guide for reporting foreign assets in 2026. Here's what Indian taxpayers need to know about …