The new Income-tax Act, 2025 will take effect from April 1, 2026, but income earned in FY 2025–26 will still be assessed ...

The Central Board of Direct Taxes (CBDT) is preparing for the implementation of the new Income Tax Act, 2025, set to roll out ...

This explains how the new law defines “income” using an inclusive approach rather than a fixed list. The key takeaway is that any real economic gain is taxable unless specifically ...

This will be on the back of the New Income Tax Act,1961, which will come into effect from April 1 as well as the announcements in the Union Budget 2026-27 that include several measures aimed at ...

Presenting the Union Budget 2026–27 in the Lok Sabha, FM Sitharaman said all direct tax changes proposed in the Budget would ...

The Union Budget 2026, presented by FM maintains the existing income tax slabs but introduces a structural change, the Income ...

While some proposals were aimed at providing relief to common taxpayers and easing compliance, others like STT hike will ...

CBDT to release new I-T forms, rules & FAQs before the Income Tax Act 2025 implementation. Simplification & taxpayer focus ...

The issue was whether timely issuance was enough when notice was served after limitation. The court held that delayed service ...