Income Tax
India is advancing legislation to tax global bond funds despite parliamentary disruptions, potentially impacting foreign investment flows and portfolio returns for international investors.
Income Tax
With the income tax return filing deadline approaching, taxpayers can easily file their ITR online through the e-filing portal. Here's a comprehensive step-by-step guide …
Income Tax
The Income Tax Department marks its 167th Income Tax Day on July 24, 2026, commemorating the introduction of income tax in India in 1860. …
Income Tax
India's Income Tax Department is grappling with a significant workforce deficit, with nearly 27,000 positions lying vacant across officer and support staff categories, raising …
Income Tax
An Allahabad High Court judge has contested the denial of tax exemptions under India's new tax regime, highlighting ongoing confusion about deductions and benefits …
Income Tax
The Indian government has clarified that there is no proposal under consideration to eliminate the long-term capital gains tax on equity investments, maintaining the …
Income Tax
The government is set to introduce crucial legislation on income tax reforms and MSME support in the ongoing Parliamentary session, signaling potential changes to …
Income Tax
India has updated its double taxation avoidance agreement with Sri Lanka to close loopholes that allowed tax evasion. The amendments align with global standards …
Income Tax
The Income Tax Department has released a comprehensive user guide for reporting foreign assets in 2026, simplifying compliance for taxpayers holding overseas investments, bank …