Tax Guru

Recent Income Tax Changes Affecting Salaried Individuals, Professionals & Businesses

Breaks down major tax changes including the default new regime, revised slabs, updated TCS/TDS rules, and capital-gains caps to help taxpayers plan ...

Can investors claim Section 54 and 54F exemptions for under-construction homes? Expert explains tax rules, builder delays, Rs 10-cr cap

Taxpayers juggling multiple capital gains events often face confusion on whether both Section 54 and Section 54F benefits can ...

New Income Tax Act: CBDT to notify fresh ITR forms and rules by January

The new law removes redundant provisions and archaic language and reduces the number of sections from 819 in the Income Tax Act of 1961 to 536 and the number of chapters from 47 to 23.
The Financial Express

Income Tax Rules: Taxpayers lose their refunds if they file a belated ITR in 2025–26? Let’s find it

Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ITR. Refunds are still paid, but belated filers often lose a major portion ...

New Income Tax Act, 2025 to come into effect from April 1; Major changes and new provisions explained

The new Income Tax Bill replaces the six-decade-old Income Tax Act of 1961.

ITR forms, rules under new Income Tax Act to be notified by January: CBDT chief

New Delhi, Nov 17 (PTI) The I-T department will by January notify the ITR forms and rules under the simplified Income Tax Act, 2025, which will come into effect from next fiscal beginning April 1, ...