New Delhi, July 20 -- The government on Monday said there is no proposal at present to abolish the long-term capital gains (LTCG) tax on equity transactions for retail and domestic investors, ending s... Read More
New Delhi, July 19 -- Earlier switching jobs meant going through a separate process to transfer your provident fund balance from your old employer to the new one. This involved paperwork, potential de... Read More
New Delhi, July 19 -- The income tax department has introduced a mandatory secondary address field (if applicable) across all income tax return forms for AY 2026-27, making it one of the most notable ... Read More
New Delhi, July 19 -- Buying a car is a major expense but many buyers don't realise they may be entitled to an income tax refund on the purchase. If the vehicle's value exceeds the prescribed limit, t... Read More
New Delhi, July 19 -- Many salaried taxpayers assume they can simply file ITR-1 (Sahaj) because their primary source of income is salary, which is not always true. If you have income from multiple sou... Read More
New Delhi, July 18 -- Taxpayers will now be able to access information about their foreign assets and income directly through the Annual Information Statement (AIS) on the income tax e-filing portal, ... Read More
New Delhi, July 18 -- If you have earned interest from fixed deposits (FDs) during the financial year 2025-26, you are required to report it while filing your income tax return (ITR) which is due on J... Read More
New Delhi, July 18 -- Salary arrears, advance pay, gratuity and certain other lump-sum payments can increase your tax liability by pushing up your total income for a financial year. To reduce this bur... Read More
New Delhi, July 18 -- If your tax liability becomes zero after claiming the Section 87A rebate, you may assume that you no longer need to file an income tax return (ITR). However, the rebate only redu... Read More
New Delhi, July 15 -- EPFO members may begin seeing the annual interest for FY2025-26 reflected in their provident fund accounts from today July 15, as the retirement fund body starts crediting intere... Read More