Severance pay received after job termination is taxable. Individuals must pay advance tax by March 15 to avoid penalties. This payment is treated as salary income and taxed at normal slab rates.

Investors of 2018 GOI Savings Bonds face tax issues as RBI deducted TDS on full interest at maturity. Expert suggests using ...

The Income Tax Appellate Tribunal has clarified the limits of Section 263 of the Income Tax Act. A recent ruling quashed a ...

India’s crypto tax framework, introduced on April 1, 2022, is fully intact in 2026. Digital assets are classified as Virtual Digital Assets or VDAs and taxation ...

In its post-Budget memorandum on the Finance Bill 2026, the Bombay Chartered Accountants’ Society (BCAS) has urged the ...

As the financial year draws to a close, millions of salaried taxpayers across India enter a decisive phase. What was once a routine process of submitt.

The Delhi High Court held that the Assessing Officer cannot deny refund interest by attributing delay to the assessee. The decision clarified that only higher authorities specified in Section 244A(2) ...

The Delhi High Court held that issuing a 15% withholding certificate without properly considering the Supreme Court’s ruling was legally unsustainable. The Court reduced the tax deduction rate to 2% ...

If an NRI plans to retire abroad, it may be prudent to balance Indian investments with global assets to hedge currency risks. On the other hand, those planning to return to India may prefer a greater ...

The Central Information Commission (CIC) has advised the Income Tax Department to “institutionalise a taxpayer-friendly mechanism”, flagging that taxpayers are often made to run from “pillar to post” ...

Tax deadlines tend to creep up quietly, and many taxpayers realise the dates only when time is running out. If you still need ...

EPF doesn’t disappear when you leave India. But if you don’t make a conscious call, it can quietly turn into a mess later.