This revised index will be applicable for tax assessments in the assessment year 2026–27, covering income earned during FY26 ...

The higher cost inflation index helps cushion sellers from rising prices, lowering their taxable gains,' say experts, making ...

The rationale is that long-term capital gains on assets such as land and buildings should apply only to real profits, ...

Filing your ITR for 2024-25 is essential for refunds, legal compliance, and financial credibility—even with zero tax.

By now, most salaried individuals would have received their Form 16-a crucial document that summarizes salary earned, ...

The Central Board of Direct Taxes (CBDT) has increased the cost inflation index (CII) used for calculating inflation-adjusted ...

Ministry of Finance announces amendment to Section 48 of the Income-tax Act, 1961, introducing a new cost inflation index effective from Assessment Year ...

With the ITR filing deadline for AY 2025-26 extended to September 15, taxpayers, especially salaried individuals, are ...

The Tribunal therefore, has rightly affirmed the conclusion arrived at by CIT(Appeals) in deleting the tax demand relatable to difference between 20% and the actual tax rate on which tax was deducted ...

Looking ahead, HSBC noted that upcoming festive seasons may provide a demand push, though promotional offers are expected to ...

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