“Under the original draft of the Income-tax Bill, 2025, the interest for shortfall in payment of advance tax was prescribed ...

This guide addresses common income tax queries, including the responsibilities of a legal representative for filing the last ...

Seema S sold property in Patna. She incorrectly claimed Section 54 for LTCG tax exemption. The tax officer rejected her claim ...

Advance tax is generally payable by individuals, companies, and other entities with a tax liability of Rs 10,000 or more in a ...

The new Income Tax Bill, 2025, signifies a much-needed reform in the direct tax system, replacing the more than ...

A new tax provision, Section 194T, requires partnership firms to deduct tax from partner payments. This summary explains the compliance issues and ...

She believes that the complications would continue until both the tax regimes (old and new) are merged. She also recommends ...

With the new regime offering lower slab rates but no major exemptions, and the old regime retaining traditional benefits like ...

Second homes differ in financing, taxes, and expenses, so planning ahead and understanding regulations is key to a smart ...

From “no tax on tips” to the $6,000 “senior bonus,” state lawmakers are integrating components of the One Big Beautiful Bill ...

Employee Stock Option Plans (ESOPs) lead to tax at two points and misreporting may lead to mismatches, notices or interest. On exercising the options, the amount that you pay above the exercise price ...

Gross income is your total earnings before taxes or deductions come out — it’s what you make, not what you take home. Whether you’re budgeting, filing taxes or applying for a loan, it’s ...