Millions of Indian taxpayers await government clarity on the continuation of the old income tax regime beyond March 2025. Experts urge proactive communication to aid financial planning. Read more for details.
Tax experts caution government against raising income tax surcharge or reintroducing wealth tax in Budget 2026-27, warning of capital flight and impact on investment. Read the full analysis.
The new Simplified Income Tax Act, 2025, comes into force on April 1, 2026, replacing the old assessment year system with a single 'tax year'. Learn how this major tax reform simplifies compliance for Indian taxpayers.
The new Income Tax Act 2025 comes into force on April 1, 2025. Understand the key changes in tax slabs, deductions, and compliance for the upcoming financial year.
India's income tax department launches a 'Nudge' campaign to boost honest reporting as direct tax growth slows to 8%. Learn about the new compliance focus and collection targets.
A proposal to raise the EPFO monthly wage ceiling from Rs 15,000 to Rs 25,000-30,000 is revived, potentially expanding social security coverage for millions of workers. Learn the impact.
A Bengaluru man's detailed Reddit post reveals he earned Rs 2,220 in 4 days as a part-time Rapido captain. His breakdown of hours, fuel costs, and night incentives offers a rare, transparent look at gig work income in India. Read his full story.
Assam tea estate owners seek discussion on amended Land Ceiling Act's financial implications before granting land rights to workers. Key issues include bank mortgages and compensation.
Nagpur bench of Bombay High Court dismisses a 2021 FIR over a land dispute from the 1990s, calling it an abuse of legal process. The court sets aside the chargesheet and all proceedings. Read the full details.
Delhi govt increases income ceiling for EWS patients to Rs 5 lakh annually for free treatment in private hospitals. Move to widen healthcare access for low-income families across India.
Rajasthan's energy department revises land allotment limits for renewable projects, aligning with new tech efficiencies. The move aims to fast-track the state's clean energy goals. Read more.
PIB Fact Check refutes viral social media claim of an 85% tax on transactions over ₹10 lakh. No such tax exists. Read details on the new Income Tax Act 2025 and its simplified rules.
Taxpayers can file revised ITR until Dec 31, 2025 for AY 2025-26. Learn how to check your refund status online and understand common reasons for processing delays.
Telangana's per capita income is set to hit $5,000, surpassing nations like Pakistan and Nepal. Driven by GCCs and steady growth, the state's economy is reshaping its global standing. Explore the full analysis.
NITI Aayog's new paper recommends decriminalising many income tax offences to shift from fear to trust-based compliance. Could this reform boost investment and ease business?
Taxpayers have until January 31, 2025, to file revised income tax returns for AY 2025-26. Learn the step-by-step process and crucial rules for correcting errors in your ITR.
India's upcoming Household Income Survey 2026 aims to close a decades-long data gap on what homes earn, moving beyond consumption for better policy. Read how this will reshape economic understanding.
The Income Tax Department's CPC has a strict deadline to process ITRs. If missed, your filed return is deemed accepted. Learn how to claim your refund if delayed.
Income Tax Dept sends bulk SMS/emails about refunds on hold due to mismatched ITR details. Taxpayers must file revised return by Dec 31. Learn how to fix errors.
Many taxpayers report receiving emails/SMS from the Income Tax Department stating their refunds are on hold due to discrepancies. The deadline to file a revised ITR for AY 2025-26 is December 31, 2024. Get clarity on the issue.
Indian taxpayers must file revised or belated Income Tax Returns by December 31, 2025 for FY 2024-25. Experts explain the rules and post-deadline options like Updated Returns.
Indian taxpayers can still disclose foreign income & assets by filing a revised ITR before December 31. Learn about Schedule FA, FSI, and how to avoid heavy penalties under the Black Money Act.
Discover the top 10 wealthiest US states by median household income in 2024, from Massachusetts at $104,828 to Connecticut. Explore the economic drivers behind their success.
Chandrapur Municipal Corporation elections face legal uncertainty as a former corporator alleges reservation structure violates SC's 50% ceiling, risking post-poll litigation and annulment. Read more.
Investigation into alleged illegal purchase of 640 acres in Jhadani village concludes. Findings point to violations of land ceiling laws. Full report to be submitted to state govt soon.
Learn the crucial minimum income requirements for personal loans from top banks like HDFC, SBI, Axis, and Kotak. Discover how your salary and DTI ratio impact approval chances.
Ahmedabad ITAT restores an NRI's tax appeal despite a 621-day delay, citing notices sent to a wrong email address. The ruling highlights the need for accuracy in the faceless appeals process. Read more.
Donald Trump claims global tariffs can replace US income tax. Experts and Treasury data reveal a multi-trillion dollar gap, calling the idea 'nonsensical' and economically risky. Read the full analysis.
Income Tax department expands Hyderabad biryani tax evasion probe to rice & meat suppliers. Officials uncover weight manipulation & ₹600 crore unaccounted income. Read the full investigation details.
A complete guide to Indian tax laws on wedding gifts, clubbing of spouse & minor's income, and alimony taxation. Learn key exemptions and avoid penalties.