At the beginning of each financial year, salaried employees face an important question from their employers: Which tax regime do they want to choose - the old tax regime or new - for the purpose of ...

Understanding the income tax laws applicable for the current financial year (FY 2025-26) is crucial for making an informed decision when choosing between the new and old tax regimes. Starting April 1, ...

The amendment clarifies that guidelines issued to resolve TDS/TCS difficulties are binding on both tax authorities and deductors. This ensures uniform application and reduces interpretational ...

TDS deductions on gross receipts severely strain working capital in sectors like real estate, infrastructure, and BPO, where margins are modest. Even taxpayers having exemption certificates or losses ...

Union Budget 2026 by Nirmala Sitharaman eases tax compliance, lowers TCS rates, and boosts investment access for PROIs and non-residents. Discover key reforms.

New Delhi: India will implement the Income Tax Act, 2025 from April 1, 2026. Draft Rules 2026 aim to simplify tax filing and ...

The Income Tax Department says an unlinked PAN can become inoperative, leading to higher tax deductions and delays in refunds.