Many taxpayers who have already filed their Income Tax Return (ITR) are now facing a serious problem: when attempting to file their revised ITR form, information about their Schedule Foreign Assets ...

● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...

These can increase your tax liability and also result in penalties, fines and notices from the tax department.

Here are the highlights from the changes to direct tax proposals announced by Finance Minister Nirmala Sitharaman in her Union Budget 2026-27 speech in the Lok Sabha.

The new law aims to replace the long-standing Income Tax Act, 1961, with clearer language, simpler rules, and easier ...

Will FM Sitharaman phase out the old tax regime? Check the latest slab rates under new tax regime vs old tax regime.

Budget 2026 overhauls India’s tax system by easing filing timelines, cutting overseas TCS rates, exempting key compensation income and opening a one-time foreign asset disclosure window ahead of the ...

Union Budget 2026 introduces a new Income Tax Act effective April 1, 2026, offering major relief through simplified ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and effort.

ET Wealth Reader's Query: After retiring from a public sector bank, I transitioned to teaching at various MBA institutes in Mumbai and also work as a consultant with banks and related organisations. I ...

Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026 in the Lok Sabha, marking her ninth consecutive ...

The Tribunal held that inadvertent mistakes in filing Form 10AB cannot defeat a trust’s right to exemption. Registration was directed where objects and activities were never ...