The Finance Bill, 2026 proposes sweeping changes to TCS, return filing timelines, penalties, and MAT to simplify compliance and reduce ...

The issue was denial of income-tax exemption to a statutory welfare board. The Court held that a subsequent government notification granting section 10(46) exemption resolved the dispute and nullified ...

Leave encashment received on retirement is not taxable if it is a central/ state government or local authority employee.

Union Budget 2026 maintains the existing income tax framework, with the new regime offering tax-free income up to Rs 12 lakh for individuals. While the old regime continues with its deductions, the ...