With the implementation of the new income tax framework from April 1, 2026, several important changes have been introduced in India’s tax system. One of the biggest updates for taxpayers is the ...

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The Income Tax Department has released the ITR forms for the assessment year 2026-27, providing taxpayers with the necessary tools to file their returns for the financial year 2025-26 and understand ...

Large or unusual transactions may be reviewed more closely when they do not fit the taxpayer’s declared income pattern. So a ...

Even if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be mandatory. Certain income levels, high-value transactions like significant ...

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The income tax department has launched Form 68 under the Income-tax Act, 2025, for specified investment funds to file exempt income statements and claim tax benefits for eligible non-resident ...