Tax Guru

Residential Status under Income-tax Act, 1961: Why Your Tax Liability Begins with Where You Stand?

Explains how Section 6 determines whether global or only Indian income is taxable. Highlights differences between ROR, RNOR, and Non-Resident ...
Tax Guru

Capital Gains under Income Tax Act, 1961: Concept, Computation & Key Rulings

This analysis explains capital asset definition, computation rules, and exemptions under the Income-tax Act. Landmark Supreme Court rulings clarify when capital gains can and cannot be ...

Income Tax Act 2025 From April 1: Key Features, Slabs, Rates, Deductions; All You Need To Know

From April 1, 2026, taxpayers will operate under a cleaner, simpler Income Tax Act that keeps tax rates intact but makes ...

Self-reporting of unexplained income in ITR to save 50%: A permanent Voluntary Disclosure of Income Scheme (VDIS) in Budget 2026?

Possible prosecution, unless immunity or waiver is sought under section 440 (on payment of penalty at 120% of tax, subject to ...
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India to introduce new Income Tax Act from April 1, 2026: 4 major changes explained

India is set to witness one of the most significant tax reforms in decades. Starting April 1, 2026, the Central Government will roll out a completely new income tax law, replacing the decades-old ...
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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 ...