Error in Utility ITR 2 The assessee has reported Long-Term Capital Gains (LTCG) of ₹1,44,108 during the year, which is set ...

Learn about recent changes in long-term capital gains tax for individuals and HUFs selling land or buildings. The new rules, ...

The Capital Gains Account Scheme is a special facility offered to taxpayers under the current income tax laws, allowing ...

The Income Tax department has clarified that no change in Long-Term Capital Gains (LTCG) tax rate for individuals has been ...

The deadline for filing income tax returns has been extended for the assessment year 2025-26 (financial year 2024-25) and the ...

"The Income Tax Bill, 2025 aims at language simplification and removal of redundant/obsolete provisions. It does not seek to ...

Taxpayers need to be especially cautious about how the timing of their purchase or sale of capital assets—such as property, ...

The new bill would replace the existing Income Tax Act, 1961. However, there are reports stating that the new income tax bill ...

The department has clearly stated in its official social media post that the purpose of the Income Tax Bill 2025 is only to ...

From FY 2024-25, the capital gains taxation rules were revised for all asset classes, including mutual funds. Many NRIs who ...

According to the department, the new bill is focused solely on simplifying legal language and removing redundant or obsolete provisions from the current law. It emphasised that the draft legislation ...

The new capital gains tax on real estate may seem beneficial at first glance, but it has opened the door to a hidden tax trap ...