ITR filing Benefits for Non Taxpayers: Those who do not fall in the income tax slab, do not have tax liability. In such a situation, they don't need to file an ITR. But there are many benefits of ...

In less than a week from now, on April 1, 2025, the new financial year will begin. With the start of the new financial year, many income tax changes will take effect; it will bring new income tax ...

Finance Minister Nirmala Sitharaman revised tax slabs in the new regime, expanding the first taxable bracket from ₹3-6 lakh to ₹3-7 lakh, while maintaining the 5% tax rate. Standard deductions were ...

The year 2025 will be counted as one of the most transformative years for the Indian economy, as the central government dared to implement many long-standing tax reforms, including revisions of income ...

ITAT held that charitable trusts without member-wise income shares cannot be taxed at 30% MMR. Tax must be applied at normal slab rates per CBDT Circular ...

Union Budget 2025 introduced revised income tax slabs under the new regime, exempting income up to Rs 12 lakh. For salaried individuals, this limit extends to Rs 12.75 lakh with standard deduction.

Before FY 2020–21, dividends were tax-free in the hands of investors because companies were already paying Dividend ...

The Income Tax Department has rolled out a non-filer monitoring system to track high-value financial transactions by ...

New National Pension System rules permit non-government subscribers to withdraw up to 80% of their corpus as a lump sum upon ...

Explains how Section 113 mandates surcharge on undisclosed income despite missing references in earlier Finance Acts. Clarifies legislative intent to tax high-income ...