Income Tax
India has updated its double taxation avoidance agreement with Sri Lanka to strengthen anti-abuse provisions and close loopholes exploited for tax evasion. The amendments …
Income Tax
The Income Tax Department has published a comprehensive user guide for reporting foreign assets in 2026, simplifying compliance for Indian taxpayers with overseas holdings.
Income Tax
If you sold shares, property, or cryptocurrency in FY 2024-25, understanding capital gains tax rules is essential before filing your income tax return to …
Income Tax
The Income Tax Appellate Tribunal has granted significant relief to SGS India by ordering a refund of excess Dividend Distribution Tax and capping the …
Income Tax
The Income Tax Department has enabled taxpayers to view their foreign asset details on the e-filing portal, enhancing transparency and compliance for Schedule FA …
Income Tax
Section 44ADA offers presumptive taxation for eligible professionals with turnover up to Rs 75 lakh, simplifying compliance by allowing deemed 50% profit on digital …
Income Tax
The Income Tax Appellate Tribunal has ruled that British Airways cannot claim tax treaty benefits on income earned from ground handling services in India, …
Income Tax
Finance Minister Nirmala Sitharaman has launched PRARAMBH 2026, a new initiative by the Income Tax Department aimed at modernizing tax administration and improving taxpayer …
Income Tax
Filing your income tax return is only half the job done. Without e-verification within 30 days, your ITR remains invalid and can lead to …