Income Tax
Income Tax Day 2026: History, Significance, and Key Highlights
The Income Tax Department celebrated the 167th Income Tax Day on July 24, 2026, marking the introduction of income tax in India in 1860. …
By Editorial Desk · 1 month ago
Income Tax
Income Tax
Income Tax
Income Tax Department Faces Severe Staffing Crisis in India
The Income Tax Department is grappling with a shortage of nearly 27,000 officers and support staff, raising concerns about tax administration efficiency and revenue …
By Editorial Desk · 1 month ago
Income Tax
Can High Court Judge Challenge Tax Exemption Denial? What It Means
An Allahabad High Court judge's challenge to tax exemption denial under the new regime highlights complexities around judicial pay and India's dual tax system.
By Editorial Desk · 1 month ago
Income Tax
No Plan to Remove Long-Term Capital Gains Tax on Equities: Govt
The government has clarified there is no proposal under consideration to eliminate long-term capital gains tax on equity investments, maintaining the current taxation framework …
By Editorial Desk · 1 month ago
Income Tax
Centre to Table Income Tax, MSME Bills: What Changes to Expect
The government is set to introduce new Income Tax and MSME legislation in Parliament, potentially bringing significant reforms to taxation and support for small …
By Editorial Desk · 1 month ago
Income Tax
India-Sri Lanka Tax Treaty Amendment Targets Revenue Leakage
India has revised its double taxation avoidance agreement with Sri Lanka to prevent tax evasion and revenue loss. The amendments introduce stricter provisions to …
By Editorial Desk · 1 month, 1 week ago
Income Tax
Income Tax Department Releases Foreign Assets User Guide for 2026
The Income Tax Department has issued a comprehensive guide to help taxpayers report their overseas assets and income correctly. Here's what you need to …
By Editorial Desk · 1 month, 1 week ago
Income Tax
ITR Filing Guide: Tax Rules for Share, Property and Crypto Sales
Sold shares, property or cryptocurrency in the last financial year? Understanding capital gains tax, exemptions, and reporting requirements is crucial before filing your income …
By Editorial Desk · 1 month, 1 week ago
Income Tax
SGS India Wins Tax Relief: ITAT Caps DDT at 10% Under India-Switzerland Treaty
The Income Tax Appellate Tribunal has granted significant relief to SGS India by ordering a refund of excess Dividend Distribution Tax and capping the …
By Editorial Desk · 1 month, 1 week ago