I am an NRI living in Dubai and have investments in Indian listed stocks. One of the companies I invested in did a buyback in March, on which Tax Deducted at Source (TDS) was deducted. At that time, I ...

Union Budget 2026 introduces a new Income Tax Act from April 1, 2026, with simplified rules. Key changes include reduced TCS rates on overseas tour packages and LRS remittances for education/medical.

TDS and TCS are vital mechanisms under the Indian tax system for early tax collection. TDS involves payers deducting tax on payments like rent and salary, while TCS requires sellers to collect tax on ...

Union Finance Minister Nirmala Sitharaman on Saturday announced sweeping changes to India’s income tax framework, with a ...

The Income Tax Department offers different ITR forms depending on your source of income, amount, and taxpayer type. Filing the wrong form may lead to a defective return notice or penalties. First-time ...

The Budget proposes replacing the Income Tax Act, 1961 with the new Income Tax Act, 2025 from April 2026. The key takeaway is a simplified, modern tax law designed for easier ...

The last date for filing income tax returns (ITR) is now just 13 days away. The government had extended the last date from July 31 to September 15, 2025 this year, but now the chances of extension ...

The Budget introduces exemptions, lower TCS rates, and simplified compliance to reduce taxpayer burden. Key relief includes ...

Income tax refund delay AY 2025-26: The last date for filing the income tax return is 15 September. If you have not filed ITR yet, then you should do it without delay. Filing late can lead to a ...