EPFO said the rationalisation will serve the interests of all stakeholders by ensuring convergence between the Income Tax Act and EPF laws.
Tax experts say the new rules will significantly influence how taxpayers file returns, disclose income, manage penalties and ...
The amendment clarifies the two-year nil annual value period for unsold stock-in-trade property. It also confirms that prior-period interest is included within the ₹2 lakh deduction ...
By adopting the section 10(4D) definition, the amendment ensures consistency across income-exemption provisions. The change enhances legal certainty and eases long-term tax planning for ...
The Union Budget 2026-27 proposed a tax holiday till 2047 for global cloud providers such as Microsoft, Google, and Amazon to ...
Many people will be thrilled to see larger-than-usual federal income tax refunds — some may end up $500 to $1,000 bigger than ...
The Union Budget (2026-2027) has aligned the income tax framework governing recognised provident funds with the statutory and ...
The move addresses long-standing inconsistencies between tax law and provident fund legislation relating to eligibility for exemption, investment patterns and employer contribution limits.
Budget 2026 significantly softens penalties for income tax defaults. The jail term for failing to file ITR with tax exceeding ...
Budget 2026 has made CBDT guidelines mandatory for all property TDS and transaction participants. This move aims to prevent ...
The new rule will start from April 1, 2026. This means it will apply to Tax Year 2026–27 and all future years. If your SGB ...
Union Budget 2026 reshapes India’s direct tax system by reducing discretion, simplifying compliance and prioritising correction over punishment ...