Overview of Income Tax Changes in Finance Bill 2025 The Finance Bill 2025 introduces several pivotal amendments to India's income tax framework, aiming to simplify compliance and provide relief to…
The Updated Income Tax Return (ITR-U) is a provision under Section 139(8A) of the Income Tax Act, 1961, introduced to allow taxpayers to correct errors or omissions in their previously…
If you fall under the higher income tax bracket of 30%, you may be subject to an additional surcharge on your tax liability beyond a certain threshold. Simply put, a…
When you sell shares and make a profit, it is called capital gains under the Income Tax Act. These capital gains can be either short-term or long-term, depending on how…
The Income Tax Act offers an exemption on long-term capital gains if you reinvest the proceeds into a new residential property, provided certain conditions are met. Recently, the Income Tax…
Timely filing of your income tax return generally leads to quicker refunds. However, various factors can sometimes delay the process. Understanding the reasons behind these delays and the actions you…
Hello Folks!!! In this blog, we are going to discuss the Income tax slab for Senior & Super Senior Citizen. Budget 2024: Revised Tax Slabs and Benefits In the 2024…