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

A practical, step-by-step guide to starting a company in India, covering legal structures, FDI rules, tax registrations, GST, ...

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.

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

Union Finance Minister Nirmala Sitharaman will present the Budget for FY 2026-27 on Sunday, February 1, 2026, at 11 am. Indian taxpayers are hopeful that Budget 2026 will bring further relief through ...

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, ...

● 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 ...

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

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

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

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 ...

The issue was whether further disallowance could be made after a suo motu 30% disallowance under section 40(a)(ia). The Tribunal ruled that any additional adjustment amounts to double disallowance and ...