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businesstoday.in /3 weeks ago

10 tax-free income sources every Indian taxpayer should know before filing ITR 2026

From agricultural income to life insurance proceeds, here are 10 types of income that are completely tax-free in India under the Income Tax Act — know them before filing ITR 2026.

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thetaxtalk.com /1 month ago

NRI Selling Property in India? Beware: TDS Rules Have Changed Under the New Income Tax Act, 2025

NRI Selling Property in India? Beware: TDS Rules Have Changed Under the New Income Tax Act, 2025 The sale of immovable property by Non-Resident Indians (NRIs) has always been a c...

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coinpedia.org /1 month ago

Indian Crypto Trader Hit With ₹88 Lakh Tax Notice

The post Indian Crypto Trader Hit With ₹88 Lakh Tax Notice appeared first on Coinpedia Fintech News A crypto trader from Lucknow reportedly received an ₹88 lakh tax notice despite...

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timesofindia.indiatimes.com /3 weeks ago

ITR filing FY 2025-26: Old vs new income tax regime - how salaried taxpayers can lower tax outgo

ITR filing FY 2025-26: The two regimes differ fundamentally in structure. The new tax regime offers lower slab rates but largely eliminates exemptions and deductions. The old tax r...

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businesstoday.in /4 weeks ago

₹12.75 lakh tax-free under new regime. How to make nearly ₹14.80 lakh income tax-free

The effective tax-free income threshold for salaried individuals under the new tax regime has climbed to ₹12.75 lakh in FY2026-27, up sharply from ₹2 lakh earlier. With smart salar...

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thetaxtalk.com /1 month ago

10 Things Taxpayers Must Know About the ₹12 Lakh Tax-Free Claim

10 Things Taxpayers Must Know About the ₹12 Lakh Tax-Free Claim After the Budget announcement in the last year, many taxpayers started celebrating the arrival of a “tax-free ₹12...

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economictimes.indiatimes.com /1 month ago

What crypto investors need to know for tax season 2026

India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including transaction-by-transaction entries in Schedu...

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thetaxtalk.com /1 month ago

Income-tax Rules, 2026 Rewrite PAN and Property Reporting Rules: What Every Taxpayer Must Know

Income-tax Rules, 2026 Rewrite PAN and Property Reporting Rules: What Every Taxpayer Must Know From PAN Quoting to Property Gifts, the New Rules Expand the Tax Department’s Digital...

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tribune.com.pk /1 month ago

Additional taxes

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thetaxtalk.com /1 month ago

Income-tax Rules, 2026 Rewrite PAN and Property Reporting Rules: What Every Taxpayer Must Know

Income-tax Rules, 2026 Rewrite PAN and Property Reporting Rules: What Every Taxpayer Must Know The tax administration in India is steadily moving from scrutiny based on paperwork...

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thehindubusinessline.com /1 month ago

States hold fuel VAT rates, see up to 58% rise in sales tax revenue

Monthly indicators from the Comptroller and Auditor General of India show that, except for Kerala, states saw growth of up to 58% in “sales tax/taxes on sales, trade, etc.” collect...

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timesofindia.indiatimes.com /3 weeks ago

ITR filing FY 2025-26: How to calculate taxes under old income tax regime - explained

For many people the old income tax regime continues to be attractive despite the new regime offering higher basic exemption and standard deduction, rebate limits and lower tax rate...

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businesstoday.in /3 weeks ago

Net direct tax collections rise 14.6% to Rs 5.21 lakh crore; advance tax mop-up grows 15.3%

India's net direct tax collections rose 14.6% year-on-year to Rs 5.21 lakh crore as of June 17, 2026, supported by robust growth in corporate and non-corporate tax receipts. Advanc...

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businesstoday.in /1 day ago

ITR filing 2026-27: Gross direct tax collections jump 16.1% to ₹7.74 lakh crore in FY27 so far

Gross direct tax collections for FY 2026-27 stood at ₹7,73,681.68 crore as on July 13, 2026, marking a 16.11% increase from ₹6,66,337.20 crore collected during the corresponding pe...

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tribune.com.pk /3 days ago

A tax system based on extortion

High rates punish compliance while farms, wholesale trade stay outside the net

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valueresearchonline.com /1 week ago

NRI Mutual Fund Tax: Why the TDS You Pay Rarely Matches the Tax You Actually Owe

NRIs pay the same MF tax rate as residents, but TDS is often withheld on the full gain rather than the amount after the exemption. Here's the exact rupee gap, & how it's reclai...

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cointelegraph.com /1 week ago

India crypto tax filings lag trading activity: Report

India’s tax department reportedly found that fewer than a quarter of the 645,000 people who made crypto transactions reported them on tax returns.India’s tax department reportedly...

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deccanchronicle.com /1 month ago

Rajamahendravaram: Edu Institutions, Big Industries Owe Tax Dues of Rs 20.11 cr To Govt

Taxes form the major source of income for panchayats. The officials had put up huge hoardings displaying the list of defaulters at several vantage points in the village, convenient...

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valueresearchonline.com /3 weeks ago

Selling your property in India? The reinvestment mistake that costs more than the tax you save.

Sold property in India? LTCG, CGAS, bonds and equity decoded. Equity beats bonds post-tax in 88 per cent of periods – here's the decision framework.

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valueresearchonline.com /2 weeks ago

You Reinvested Rs 1.75 Crore Of A Rs 2 Crore Sale - Here's What's Actually Taxed

Rs 25 lakh was not reinvested from a Rs 2 crore sale. Section 54 taxes the gain, not the price – see why your real tax bill could be Rs 0. And many more in the taxation.

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thetaxtalk.com /2 weeks ago

Demonetisation Tax Shock Gets a Reality Check: Rajasthan HC Rules 60% Tax Under Section 115BBE Not Applicable for AY 201...

Demonetisation Tax Shock Gets a Reality Check: Rajasthan HC Rules 60% Tax Under Section 115BBE Not Applicable for AY 2017-18 Rajasthan High Court Holds Enhanced Tax Rate Cannot...

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thetaxtalk.com /2 weeks ago

Section 234C’s Hidden Cushion: The Lesser-Known 12% and 36% Advance Tax Rule

Section 234C’s Hidden Cushion: The Lesser-Known 12% and 36% Advance Tax Rule When discussing advance tax, most taxpayers and even many tax professionals instinctively recall the fa...

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thetaxtalk.com /3 weeks ago

Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation

Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation The Income Tax Act contains several deeming provisions. Individually, they serve a sp...

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thehindubusinessline.com /1 day ago

Net direct tax collection grows over 16% so far in FY27

Net corporate tax collection grew over 22% to around ₹2.40 lakh crore, while net non-corporate tax collection recorded increased around 12% to ₹3.85 lakh crore

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