Four New amendments to Income Tax Act for FY 2025-26 announced
New Delhi, The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but …
Income Tax
ITR Update: New ITR forms made available
The Income Tax Department has recently rolled out two important updates for taxpayers. These changes are relevant for individuals, professionals, …
Finance Ministry issues corrigendum to Income Tax Bill on advance tax interest
The Finance Ministry has issued a corrigendum to the Income Tax Bill, 2025, clarifying the interest applicable on short …
No Tax up to ₹12.75 Lakh Income? Govt Clarifies Standard Deduction Rule
Introduction In a significant update for salaried taxpayers, the Indian government has officially clarified that a ₹75,000 standard deduction is available under …
Income Tax (No.2) Bill 2025, Download
Income Tax (No. 2) Bill, 2025 – Download PDF & Key Highlights The Income Tax (No. 2) Bill, 2025 was passed by …
Income-Tax (No. 2) Bill 2025 passed: : 10 Big Changes You Must Know”
Income-Tax (No. 2) Bill, 2025 – Passed in Lok Sabha on 11 August 2025 The Income-Tax (No. 2) Bill, 2025 replaces the …
ITR-5 Available for filing for FY 2024-25 (AY 2025-26)
The Income Tax Department has released the ITR-5 Excel Utility for Assessment Year 2025-26 (covering FY 2024-25). Taxpayers can now download and …
The Income Tax Bill, 2025 withdrawn, an updated version to be introduced on August 11
The Income-Tax Bill, 2025, was introduced in the Lok Sabha on February 13, 2025 to replace the existing Income-Tax …
Futures & Options (F&O) — Tax Treatment & ITR 2025
1. Quick primer — what are futures and options? (These mechanics determine how P&L arises and therefore how tax rules …
Finance Committee flags delay in GSTAT rollout
The Parliamentary Standing Committee on Finance raised serious concerns over delays in operationalising the Goods and Services Tax Appellate …
