The Finance Bill corrects an inadvertent drafting error in spouse income provisions. This clarification improves accuracy in applying clubbing ...
Budget 2026 brings clarity on home loan tax deductions. Prior-period interest on home loans is now explicitly included within the Rs 2 lakh deduction limit for self-occupied properties. This amendment ...
Budget 2026 clarifies that assessment orders under the Income Tax Act will not be invalidated due to mistakes or omissions if ...
Corporate income tax legislation was tightened up yesterday in the House of Assembly. The Corporate Income Tax Amendment Act 2025 gave “miscellaneous updates” to strengthen the CIT regime and made it ...
India is set to implement a new Income Tax Act from April 1, 2026, replacing the 64-year-old Income Tax Act of 1961. The ...