Understand India’s income tax assessment process under the Income-tax Act, 2025, including timelines, scrutiny selection, ...

Starting April 1, 2026, India will implement a significant tax reform by replacing the Income-tax Act of 1961 with the new Income-tax Act, 2025. This marks a ...

The new tax framework significantly reduces the number of rules and forms, aiming to simplify compliance. It replaces complex provisions with clearer structures and streamlined ...

A key highlight is the introduction of Rule 9, which provides a structured mechanism for estimating taxable income of ...

Confused about whether the new Income-tax Act will apply to your ITR filing in 2026? Here’s a simple explanation of what ...

The proposal for allowing joint Income Tax filing for married couples in India has sparked renewed discussions about the country's tax system. Rajya Sabha MP Raghav Chadha argues that the current ...

New Delhi: From April 1, India has introduced the Income Tax Act 2025, replacing the six-decade-old Income Tax Act of 1961.

Until now, taxpayers with relatively simple income structures could file returns using ITR-1 (Sahaj) or ITR-4 (Sugam).

Income tax filing is set to undergo major changes with the introduction of new Income-tax Rules, 2026. The changes include replacement of Form 16 with a new Form 130.

From April 1, 2026, India’s income tax system gets a major reset with new forms under the Income-tax Rules, 2026. Form 121 ...

The requirement to file your ITR based on the threshold of basic exemption limit is applicable whether you are a resident or ...

Indians holding overseas pension accounts will have to change the way they file income tax returns. New income tax return ...