Tax liability depends on days spent in India, not citizenship. Understanding ROR, RNOR, and NR status determines whether global income is ...

The Budget proposes replacing the Income Tax Act, 1961 with the new Income Tax Act, 2025 from April 2026. The key takeaway is a simplified, modern tax law designed for easier ...

India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, ...

The previous Income Tax Act was over 65 years old and had more than 800 sections. The new law reduces this to around 536 sections and removes many explanations and provisos that made the law ...

Budget 2026 introduces significant changes to income tax filing from April 1, 2026. Revised ITR forms will simplify compliance. The deadline for revised ITR filing moves to March 31. Share buybacks ...

Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing applies if income crosses the exemption.

India’s income tax system will undergo a major overhaul from April 1, 2026, according to various reports. The Income Tax ...

After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR ...