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.

Refunds are being delayed due to mismatches, unverified returns or clarification notices. Here’s what your notice means and ...

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 ...

After retirement, most senior citizens prefer Fixed Deposits (FDs) as a safe and reliable investment option. FDs offer capital protection along with a fixed monthly or yearly interest income, which ...

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

The law taxes business/professional benefits via 10% TDS, even for non-cash perks. The key takeaway is tax must be ensured before releasing the ...