Discover how "card rotation" and high-value credit card spending can trigger IRS or Income Tax Department scrutiny under ...

HRA forms part of an employee’s salary package and is intended to offset rental housing costs. Although HRA is treated as ...

The year 2025 was different in many ways for taxpayers. Changes were made to income tax rules, and new developments emerged ...

To simplify tax law and make it more precise and technology-ready, the Government of India decided to overhaul the existing ...

The Income-tax Act, 1961, the principal law governing direct taxes for generations, is being replaced by the Income-tax Act, 2025, from April 1, 2026.

Explore the key business events that defined India in 2025, from trade wars to regulatory reforms and corporate expansions.

India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation ...

Institute of Chartered Accountants of India (ICAI) has proposed the introduction of an optional joint taxation scheme for married couples, as part of its pre-Bu ...

From 1 April next year, the new Income Tax Act, 2025, will replace the six-decade-old Income Tax Act of 1961. Additionally, ...

The Union Budget 2025-26, tabled by Union Finance Minister Nirmala Sitharaman announced an across-the-board change in tax ...

Next year will see the new simplified Income Tax Act, 2025, to come into effect from April 1, replacing the over ...