Tax Guru

Concept of Income as per Income Tax Act, 1961: Meaning, Scope & Judicial Interpretation

The issue is the absence of a precise statutory definition of income. Courts have expanded its meaning to cover all real economic gains unless specifically ...
Tax Guru

Understanding the Concept of Income under Income Tax Act, 2025

The new Act adopts a broad definition of income, covering salary, capital gains, perquisites, subsidies, and windfalls, ...
Newspoint on MSN

New income tax act from April 1: 4 major rule changes that will directly affect taxpayers

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 ...

Income Tax Budget 2026 live: No change in tax slabs, new act to come into effect from April 1

Income Tax 2026 LIVE updates: Union finance minister Nirmala Sitharaman, while presenting the Union Budget 2026-27, also ...
The Financial Express

Budget 2026 Income Tax Expectations Highlights: Tax refunds delayed; 50 lakh income tax returns yet to be processed – will budget fix problem?

Income Tax Budget 2026 Expectations Live: Taxpayers pin big hopes on FM Sitharaman on Feb 1 (Image source: AI/FE) One of the biggest talking points ahead of Budget 2026 is the new tax regime. After ...
Zee Business

India To Roll Out New Income Tax Act 2025 Replacing 1961 Law From April 1 For Taxpayers

India is moving to a simpler tax system with the new Income Tax Act 2025 starting April 1. This new law replaces the 60-year-old 1961 Act to provide more clarity and ease for taxpayers. With a focus ...
India.com

Income Tax rules change from April 1 – Here’s what most taxpayers haven’t noticed yet

The new Income Tax Act, 2025 shall replace the Income Tax Act, 1961, and will come into effect from April 1, 2026. In one of its biggest tax reforms, India will soon usher in a new direct tax regime.
Hindustan Times

What changes for Income Tax payers from April 1: Explained in simple terms

Finance minister Nirmala Sitharaman on Sunday, during the presentation of Union Budget 2026-27, announced that the New Income Tax Act, 2025, will come into effect from April 1, 2026, replacing the six ...
The State

A reform of SC income tax could be coupled with property tax changes for seniors

Senate Finance Committee Chairman Harvey Peeler doesn’t like anyone out tax cutting him. So with the Finance Committee pushing through a House income tax reform plan, the upper chamber is poised to ...
moneycontrol.com

Budget 2026: Tax relief for married couples? What joint taxation could mean for your taxes

Did our AI summary help? India’s income-tax system is built around individual taxation, with separate exemption limits and deductions for each taxpayer. Marriage does not change this treatment, and ...
The Financial Express

Budget 2026 Income Tax Expectations Highlights: Rs 1 lakh Standard Deduction, home loan relief, LTCG tweaks and senior citizen benefits in focus

Union Budget 2026-27 Income Tax Change Expectation Live Updates: FM Sitharaman set to present her 9th consecutive Union Budget as expectations build up (Image source: AI/FE) In Budget 2025, the ...
Forbes

California Billionaire Tax: Why Some Billionaires Are Planning Exits

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The 2026 Billionaire Tax Act has sent shockwaves across the U.S. This act is ...