Overview UPI is transforming how Indians pay bills, shop, and transfer money. It has now simplified income tax compliance as well.The Income Tax Department allo ...

The ITA 2025 broadly retains current TDS rates, advance tax instalments, and audit thresholds, but consultants with multiple ...

However, the good news is that at least the payment process is now a lot easier. You no longer have to rely just on online banking. The Income Tax Department now allows UPI as a payment mode, which ...

Draft Income-Tax Rules 2026 aim for voluntary compliance but require crucial changes to prevent taxpayers from paying twice. Key issues include protecting deductees from deductor defaults, ...

ITAT Raipur held that Section 249(4)(b) applies only where advance tax was legally payable. In absence of taxable income and advance tax liability, dismissal of appeal was set aside and matter ...

The Tribunal remanded the reassessment after the assessee sought another opportunity to explain the source of investment. The addition was set aside subject to payment of costs and fresh adjudication ...

Finance Minister Nirmala Sitharaman unveiled Union Budget 2026, simplifying tax filing with revised deadlines and reduced Tax ...

Markets regulator SEBI (Securities and Exchange Board of India) has warned against frauds related to fake STT notices being ...

Union Budget 2026 brings no tax relief for home buyers but introduces REIT reforms, NRI property rule changes and Tier-2 city ...

The move is aimed at easing compliance for resident buyers, who earlier had to apply for a TAN solely to deposit TDS when purchasing property from non-resident Indians (NRIs).

The Income Tax Act, 2025, is slated to come into effect from April 1, 2026. The simplified Income Tax Rules and Forms will be notified in due course, giving adequate time to taxpayers to acquaint ...

India’s Union Budget for FY27 has laid much thrust and emphasis on infrastructure development and fiscal discipline. Although there are no fresh ...