Income Tax Department updates ITR forms for AY 2026-27, expanding disclosures for salaried taxpayers, traders and small ...

Small businesses and freelancers opting for presumptive taxation must now declare fixed deposits, equity, mutual fund holdings ...

A crucial distinction lies between the Assessment Year (AY) 2026–27 and the tax year 2026–27. Returns to be filed by July 31, 2026 (for non-audit cases) will still be governed by the existing Income ...

Draft Income Tax Rules 2026: Redesigned income tax return (ITR) forms, broader criterion for applicability of ITR forms, and more pre-filled details are some of the changes that income taxpayers can ...

Gifts exceeding ₹50,000 are taxable under the Income Tax Act as income from other sources. Exemptions apply for gifts from ...

Rebate under Section 87A reduces tax for low to middle-income earners, with different income limits applicable under the old tax regime and the new regime. Check details for eligibility, limits and ...

Check essential financial literacy tips and resources to manage your money wisely. From budgeting and saving to investing and ...