Income Tax News

Income Tax Benefits for Small Businesses in 2026-27: Key Deductions and Exemptions

24 August 2026 at 09:11

Small businessmen can claim several tax benefits for TY 2026-27, including presumptive taxation, deductions, depreciation, TDS relief, rebates and advance-tax benefits.

Posted in Income Tax | 1863 Views

Set-Off and Carry Forward of Loss Under Income Tax Act 2025

22 August 2026 at 09:30

Income-tax Act 2025 rules for set-off and carry forward of losses, covering business, speculative, capital and house property losses, explained.

Posted in Income Tax | 3378 Views

Salaried Employees Tax Benefits for TY 2026-27: Check All Allowances and Exemptions

21 August 2026 at 09:39

Income Tax Department’s TY 2026-27 guide explains salary allowances, HRA, perquisites, standard deduction, retirement benefits, NPS, gratuity and provident fund tax rules for salaried employees.

Posted in Income Tax | 21687 Views

Compounding of Offences Under Income Tax Act 2025: Key Rules, Charges and Eligibility

21 August 2026 at 09:39

Income-tax Act 2025 compounding rules explained: eligibility, application fees, 12-month timeline, compounding charges, repeat offences and key conditions.

Posted in Income Tax | 3903 Views

Health Insurance Tax Benefits Under IT Act 2025: Deduction Limits, Eligibility and Conditions

20 August 2026 at 09:05

The Income Tax Department has explained the tax deductions available on life insurance premiums, health insurance policies, preventive health check-ups and medical treatment expenses under the Income-tax Act, 2025.

Posted in Income Tax | 1905 Views

Time Limits for Issuing IT Notices and Completing Assessments Under Income Tax Act 2025

20 August 2026 at 09:05

The Income Tax Department has outlined the time limits for issuing scrutiny, reassessment and other income-tax notices, along with assessment completion deadlines under the Income-tax Act, 2025 as amended by Finance Act, 2026.

Posted in Income Tax | 2 comments | 22878 Views

Income Tax Department Undertakes Verification of Suspicious Foreign Remittances by 394 Entities

19 August 2026 at 09:34

CBDT launches nationwide verification of suspicious foreign remittances involving 394 entities and 36 professionals, including Form 15CB certificate issuers.

Posted in Income Tax | 681 Views

E-Payment of Direct Taxes Under Income Tax Act 2025: Rules, Modes and Process Explained

18 August 2026 at 09:19

Learn the e-payment rules for direct taxes under the Income-tax Act, 2025, including mandatory taxpayers, payment modes, eligible taxes and the online payment process.

Posted in Income Tax | 3981 Views

Capital Gains Exemptions Under Income Tax Act 2025

18 August 2026 at 09:14

Explore capital gains exemptions under Sections 82 to 88 of the Income-tax Act, 2025, including house property, agricultural land, bonds and industrial assets.

Posted in Income Tax | 54051 Views

Rectification, Assessment and Appeals Under Income Tax Act 2025

17 August 2026 at 09:17

Income Tax Act 2025: Understand key rules on rectification, assessment, reassessment and appeals, including timelines, fees and appellate authorities.

Posted in Income Tax | 3669 Views