In the Union Budget 2026, an important reform has been announced with the objective of making tax administration more digital, transparent and system-driven. Under Section 395 of the Income-tax Act, ...

Filing Income Tax Returns (ITR) can often seem daunting, especially for senior citizens. Ensuring correct ITR filing for senior citizens is essential not only for legal compliance but also to avail ...

When is TDS deducted on the return of an FD? Banks are required to deduct tax deducted at source (TDS) if the interest on a senior citizen fixed deposit (FD) crosses Rs 1 lakh in a specific bank.

Union Budget 2026 brings significant relief for retail investors by simplifying tax compliance related to TDS exemption. Finance Minister Nirmala Sitharaman announced that depositories like NSDL and ...

The Union Budget 2026–27 did not introduce any changes to income tax rates, but announced several targeted measures to ease the compliance burden for individuals and small taxpayers, part of a broader ...

Under the proposed amendment to section 70(1)(x), the capital gains tax exemption on redemption of SGBs will be available only where the bond is subscribed at the time of original issue and is held ...

We will begin with honesty here. We aren't economists, we are just a couple of citizens who will be affected by Nirmala Sitharaman's Budget like you. Also, the Budget and economy needn't be drab. So, ...

Union Budget 2026 marks a landmark transition in India’s tax framework with the replacement of the Income Tax Act, 1961 by the new Income Tax Act, 2025, effective from 1 April 2026. The reforms aim to ...

As per Budget memorandum, in order to reduce compliance burden of such investors, it is proposed to allow filing of the declaration to the depository which in turn shall provide such declaration to ...

Union Budget 2026–27 introduces structural tax and compliance shifts for individual investors. The Union Budget for 2026–2027 introduces statutory changes that affect individual taxpayers dealing with ...

Although there was no big changes regarding basic tax structure, FM made a slew of announcements to simplifying tax compliance. Follow Us Trending Photos New Delhi: Finance Minister Nirmala Sitharaman ...

Finance minister Nirmala Sitharaman on Sunday announced a scheme for small taxpayers. This is aimed at easing the tax burden and cutting down compliance hassles. The measures focus on automation and ...