Explains how agricultural income is defined under the Income Tax Act and why it is exempt under Section 10(1). Clarifies judicial safeguards and partial integration rules to prevent ...

This article explains how Section 2(24) defines “income” under the Income Tax Act and why its inclusive scope captures emerging digital earnings. It highlights judicial principles and the distinction ...

Budget 2026 brings clarity on home loan tax deductions. Prior-period interest on home loans is now explicitly included within the Rs 2 lakh deduction limit for self-occupied properties. This amendment ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

Salaried employees stand to gain significantly from proposed tax rule changes. Under draft Income Tax Rules, 2026, the annual tax exemption for meal vouchers like Pluxee or Sodexo could rise to Rs ...

The Federal Government has refuted claims that the Nigeria Tax Act 2025 imposes a 25 per cent levy on building materials, construction funds, or bank balances.Chairman of the Presidential Committee on ...

Budget 2026 tax changes for NRIs explained by a CA, covering overseas income exemption, residency rules, property sales, ...

The Madras High Court on Friday (6 February) dismissed actor and Tamilaga Vettri Kazhagam (TVK) president Joseph Vijay's ...

The finance minister announced major income tax reforms last year. However, this year, the govt has kept the tax slabs unchanged. The existing tax slabs will continue to apply for FY2026-2027, which ...

The case originated from income tax searches conducted at Vijay’s residence in September 2015. Subsequently, an assessment ...

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 ...

India is set to witness one of the most significant tax reforms in decades. Starting April 1, 2026, the Central Government ...