Income Tax
The government is set to introduce new Income Tax and MSME legislation in Parliament, potentially bringing significant reforms to taxation and support for small …
Income Tax
India has revised its double taxation avoidance agreement with Sri Lanka to prevent tax evasion and revenue loss. The amendments introduce stricter provisions to …
Income Tax
The Income Tax Department has issued a comprehensive guide to help taxpayers report their overseas assets and income correctly. Here's what you need to …
Income Tax
Sold shares, property or cryptocurrency in the last financial year? Understanding capital gains tax, exemptions, and reporting requirements is crucial before filing your income …
Income Tax
The Income Tax Appellate Tribunal has granted significant relief to SGS India by ordering a refund of excess Dividend Distribution Tax and capping the …
Income Tax
The Income Tax Department has enabled taxpayers to view their foreign asset information directly on the e-filing portal, enhancing transparency and compliance for Schedule …
Income Tax
Section 44ADA simplifies tax compliance for eligible professionals by allowing them to declare 50% of gross receipts as taxable income without maintaining detailed books …
Income Tax
The upcoming Monsoon Session of Parliament will see the introduction of five significant bills covering income tax reforms, MSME support, and other key economic …
Income Tax
Union Finance Minister Nirmala Sitharaman has unveiled PRARAMBH 2026, a new initiative by the Income Tax Department aimed at transforming taxpayer services and compliance …