Social Media Ideas for Taxes In India

Crypto Tax in India 2026: Rules, Rates, Reporting & Penalties

In India, cryptocurrency can be bought, held, and traded legally, but a higher tax is levied on it, and the reporting rules are stringent. Buying, selling, or swapping crypto carri...

Who really pays for India? It's not who you think

The claim that 2-3 per cent of Indians pay all of India’s taxes gets the maths wrong. Here’s how income tax, GST, corporate tax and household numbers change the picture.

India updates tax reporting rules to include crypto assets and CBDCs

India has expanded its global tax reporting framework to include specified crypto-assets, central bank digital currencies, and digital money products under updated FATCA and Common...

Parliamentary panel flags ‘punitive’ tax regime, seeks data on new Income Tax Act’s Impact

Parliamentary Standing Committee members question heavy-handed enforcement, compliance glitches and widening reliance on individual taxpayers

Relief for Apple: India proposes extending tax breaks for contract manufacturing

India introduced the tax exemption in February this year after Apple lobbied the government to amend income tax rules

The simple and complex of I-T: ITR-1 got easier, ITR-2 got harder

Three years of quiet redesign have redrawn who does what on India’s two most-used tax forms — and where the complexity now sits

When Tax Rules Surprise You – The Taxman Isn’t Always Asking for More!

When Tax Rules Surprise You – The Taxman Isn’t Always Asking for More! Query 1] My income during the year from salary was ₹11,72,190/-, Interest & Other Income was of ₹55,247/-...

Tax Compliance Checklist for Small and Medium Enterprises

The backbone of India’s economy is small and medium enterprises (SMEs). However, keeping up with the constantly evolving tax regulations remains one of their key operational challe...

India strengthens DTAA with Sri Lanka to plug anti avoidance loopholes

Introduces concept of Principal Purpose Test, treaty not to be used to grant benefit for double non taxation and treaty shopping

India Moves to Extend Tax Break Apple Lobbied For

India has proposed extending tax breaks until 2041 for foreign companies that supply machinery to their contract manufacturers, handing a win to Apple as it expands iPhone producti...

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...

A tax system based on extortion

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

With the equalisation levy gone, how taxing digital profits has become complicated

The tech giants' India revenues are booming. But with the equalisation levy gone, taxing digital profits has become even more complicated.

CBDT Notifies 116 & 117/2026, Granting Tax Exemptions to MERC from FY 2025-26

The Central Government, through the Central Board of Direct Taxes (CBDT), has issued two notifications regarding the Maharashtra Electricity Regulatory Commission (MERC), PAN: AAAG...

No tax on value of new property under redevelopment agreement: ITAT

A tax tribunal has sided with property owners involved in redevelopment disagreements, annulling a significant Rs 1.3 crore tax increment on a newly developed property. The tribuna...

Rs 100 crore+ income club sees most entries in 4 years

Government data shows 576 individuals disclosed over Rs 100 crore income in FY2024-25. This number includes 161 new high-income earners added during the past year. Most of these...

Tax Loss Harvesting in India: 5 Rules to Stay on the Right Side

India has no wash-sale rule, but GAAR still applies. Learn 5 rules for legal tax loss harvesting, from set-off hierarchy to the ITR filing deadline.

US unveils fresh tariffs of up to 12.5% on 60 economies; rate for India lowered to 10%

FM Sitharaman directs Income Tax Deptt to work for benefit of common people

Mumbai, Jul 26: Union Finance Minister Nirmala Sitharaman on Sunday urged the Income Tax department to work for the benefit of common people without making them run from pillar to...

Delhi ITAT Directs CIT(A) to Decide Whether CAM Charges Attract 2% TDS U/S 194C or 10% U/S 194-I

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, in this case, has mentioned that the Commissioner of Income Tax (Appeals) [CIT(A)] should determine whether Tax Deducted at S...

₹1 crore foreign asset disclosure could cost 60% under FAST-DS: Check the math

FAST-DS can impose a substantial cost on taxpayers declaring certain undisclosed foreign assets or income, with the tax and additional amount together reaching 60% of the declared...

Declared Australian salary in Indian ITR by mistake? Delhi ITAT says it can't be taxed under DTAA

The Delhi Income Tax Appellate Tribunal (ITAT) has provided relief to a taxpayer who inadvertently declared his Australian salary in his Indian ITR. It held that the income falls o...

Couple buys Rs 60L flat, husband taxed on Rs 34.81L stamp-duty gap; ITAT objects

Can the entire difference between a property’s actual purchase price and its stamp-duty value be added to the income of just one of its co-owners? A recent ruling by ITAT Mumbai ha...

Readers took the argument further than the note did

Readers respond with their own numbers on who pays India's taxes, from the count of income tax payers per household to the GST paid on income already taxed.