The Low-Income Housing Tax Credit (LIHTC) provides a financial incentive for developers to build, buy, and renovate rental ...

He further mentioned in an interview that the department is in the process of formulating FAQs and SOPs. He reminds us that ...

The Income Tax Bill 2025 also stirred debate among taxpayers due to some proposals. One of them is – expanding discretionary ...

Based on the recent ruling by ITAT Ahmedabad, the resident taxpayers should be eligible to claim the rebate u/s Section 87A ...

The Income Tax department is working on new rules and forms under the Income-tax Act, 2025, which will be notified by ...

Only Rs 33,000 tax is payable for selling property at Rs 70 lakh, originally purchased for Rs 36 lakh five years ago, ITAT ...

From April 2026, your ITR filing experience will be simpler, with pre-filled smart forms and a cleaner tax framework.

The CBDT will issue protocols on search and seizure under the Income Tax Act, 2025, effective April next year. The protocol ...

Once your Demat account is opened and KYC is completed (linked with PAN and Aadhaar), all transactions become visible to the ...

Bangalore has ruled that capital gains from the sale of a property gifted by a husband to his wife should be taxed in t ...

Taxpayers across India are expressing growing frustration over what they claim are significant delays in the processing of their income tax refunds for the Assessment Year ...

CBDT Member (Legislation) says no impact on refunds, new ITRs from FY28 for Act effective from FY27. With the new Income Tax ...