The 2025 Act restructures and renumbers sections across all five heads of income. Understanding the old-to-new section comparison is essential for accurate interpretation from FY ...

A structured guide to Sections 15–17 covering salary components, perquisites, and deductions. Explains exemptions, TDS rules, and relief provisions ...

Indore (Madhya Pradesh): Various measures have been introduced in the new Income Tax Act, which will be implemented from ...

The draft rules are part of a bigger plan to modernise India's income tax system by changing how individuals think about it, ...

Concerns over the Income Tax Act, 2025, and its Section 247 have surfaced, with fears of "unlimited powers" for tax authorities in digital spaces. The government clarified that the new law mirrors ...

The Income Tax Act, 2025, replacing the 1961 law was notified by the Centre on Friday, August 22, in its Official Gazette. This comes a day after President Droupadi Murmu gave assent to the Act. The ...

Many types of income in India are completely exempt from tax under the Income-tax Act, provided certain conditions are met.

Learn the tax implications of redeveloping inherited property under Joint Development Agreements and how to maximize home loan interest deductions for multiple properties under both the old and new ...