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The tax rules affecting people who live and work in different states can vary significantly by state – learn how to handle ...

Finance Minister Nirmala Sitharaman clarified this during her Budget speech, saying that only specific taxpayers would get extra time, while most individuals would continue to follow the existing ...

The Court held that failure to upload the prescribed form cannot defeat a tax benefit when the option was clearly exercised in the return. Procedural lapses were directed to be regularised under ...

The new, temporary senior deduction gives taxpayers 65 and older who fall within income limits the opportunity to deduct up ...

Budget 2026 introduces a New Income Tax Act effective April 1, 2026, with staggered ITR filing deadlines and reduced TCS on ...

Here are the highlights from the changes to direct tax proposals announced by Finance Minister Nirmala Sitharaman in her Union Budget 2026-27 speech in the Lok Sabha.

In a move aimed at protecting compensation beneficiaries, any interest awarded by the Motor Accident Claims Tribunal will now be exempt from income tax.

Budget 2026 overhauls India’s tax system by easing filing timelines, cutting overseas TCS rates, exempting key compensation income and opening a one-time foreign asset disclosure window ahead of the ...

The Budget adopts a measured approach to personal taxation, prioritising structural improvements over immediate tax relief.

In her Union Budget 2026 speech, Nirmala Sitharaman said the deadline for filing ITR-1 and ITR-2 will continue to be July 31.

Union Budget 2026-27 extends ITR revision deadline to March 31 with a nominal fee, announced by Nirmala Sitharaman.