New Income Tax Act 2025: Section List and Everything You Need to Know India's tax system just went through its biggest makeover in over 60 years. The Income Tax Act, 2025 officially replaced the old Income Tax Act, 1961, and came into force on 1…
Budget 2026: What Salaried & Middle-Class Taxpayers Really Want This Year As India prepares for the Union Budget 2026 , to be presented by Finance Minister Nirmala Sitharaman , many salaried and middle-class households are watching closely wit…
December 2025 — What’s Changing (and Why It Matters) 📌 Overview As the year-end approaches, December 2025 brings a dense set of financial deadlines and regulatory changes that affect a wide range of people — salaried individuals, pensioners, s…
ITR Filing for FY 2024-25: Deadline, Extension Updates & Late Filing Penalties An annual compliance deemed indispensable for an Indian taxpayer is the Income Tax Return (ITR) filing. Apart from helping a person remain on the right side of the…
How to Calculate CSR Amount with Example Corporate Social Responsibility (CSR) is a legal compliance requirement—but, it reflects a company’s commitment/responsibilty to giving back to society. CSR was introduced under Section 135 of the Compan…
Husband Liable for Wife’s ₹17 Crore Land Sale Tax: ITAT Bangalore T he Income Tax Appellate Tribunal (ITAT) in Bengaluru has passed a significant ruling with a twist: when a wife sold land worth ₹17.26 crore, she walked away without any tax liabili…
Big Tax Refund Promises? Beware of 200% Penalty, Warns Expert Caution: That Attractive Refund Might Come at a Heavy Cost As the Income Tax Return (ITR) filing deadline recently passed, many taxpayers were approached—either by unverified ta…
