Section 24(b) lets you claim up to Rs 2 lakh interest deduction under the old regime, even on a home loan taken from parents, ...

Higher LTCG exemption, ₹1 lakh standard deduction, slab rationalisation, 80D inclusion under new tax regime and housing affordability are the major expectations in Union Budget 2026.

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

An income tax refund delay can be frustrating, especially when everything seems in order. From data mismatches to bank ...

These can increase your tax liability and also result in penalties, fines and notices from the tax department.

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

Industry chamber Assocham has recommended comprehensive tax rationalisation to encourage manufacturing and investment. Its ...

While we won’t see any major reforms this year, what the Budget can, and really should provide, is clarity on the ...

When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get ...

● 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 ...

For older taxpayers, the new senior tax break is one of the most generous federal perks in years, effectively letting many ...

This article outlines key GST and Income Tax resolutions for 2026. Following them helps taxpayers avoid penalties and stay ...