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Individuals can still switch between the two tax regimes at the time of filing their returns, with key differences based on ...

ITAT Mumbai grants Vishwaroop Infotech partial relief on unrealized rent and Section 14A disallowance, highlighting commercial expediency and proper expense ...

President Donald Trump signed into law a sweeping tax and spending package that significantly raises the federal excise tax ...

Delhi ITAT partially allows Rohit Goel's appeal against ACIT, addressing unexplained cash deposits, out-of-book purchases, and assessing income based on bank ...

OXLC’s RIC structure forces high payouts but erodes NAV, making long-term buy-and-hold strategies risky and often ...

Historic asset axed to provide ‘value for money’ as new report outlines the finances of the Royal Family over the past year ...

CII is used under Section 48 of the Income Tax Act, which outlines how to calculate capital gains when an asset is sold. It provides the indexation benefit, allowing taxpayers to adjust the purchase ...

New Income Tax slabs FY 2023-24: Taxpayers are allowed to claim three deductions under the New Income Tax regime. The New Income Tax regime will also be the default option, starting financial year ...

The Income Tax Department has announced the Cost Inflation Index (CII) for the financial year 2025-26, setting it at ‘376’.