If your total income does not exceed the basic exemption limit, no tax liability may arise.

Tax policy swings fundamentally altered the economics of buybacks. Thankfully, Budget 2026 amendments will support revival of this credible payout instrument ...

Taxation in India is the primary tool for the government to generate revenue, which is subsequently used for infrastructure ...

New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may ...

The tax and ITR (Income Tax Return) filing system in India is set to undergo a major transformation starting April 1, 2026. The over-60-year-old system is being replaced by the concept of a "Tax Year, ...

As India prepares to roll out the new Income-tax Act and Draft Income-tax Rules from April 1, 2026, experts say the changes ...

Explains how GST applies to under-construction properties while completed properties remain outside its scope. The article highlights key GST rates, compliance rules, and their impact on developers ...

Gold ETFs and FoFs provide digital ownership with no storage and insurance costs, ease of buying and selling, etc. Gold coins and bullion provide tangible ownership with immediate possession, while ...

Karnataka will end liquor price control and adopt an alcohol-in-beverage-based tax from April 2026, with reforms aimed at ...

India's tax structure is becoming more progressive, with direct taxes accounting for 58.5% of total collections in FY25.

Explains how Section 3 defines the earning year and the taxation year under the Income-tax Act. Clarifies why income earned in one year is taxed in the ...

Mumbai civic body projected property tax revenue of Rs 7,000 crore. It marks a rise from the revised estimate of Rs 6,200 crore for 2025-26 ...