Income Tax News
Health Insurance Tax Benefits Under IT Act 2025: Deduction Limits, Eligibility and Conditions
20 August 2026 at 09:05The 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.
Time Limits for Issuing IT Notices and Completing Assessments Under Income Tax Act 2025
20 August 2026 at 09:05The 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.
Income Tax Department Undertakes Verification of Suspicious Foreign Remittances by 394 Entities
19 August 2026 at 09:34CBDT launches nationwide verification of suspicious foreign remittances involving 394 entities and 36 professionals, including Form 15CB certificate issuers.
E-Payment of Direct Taxes Under Income Tax Act 2025: Rules, Modes and Process Explained
18 August 2026 at 09:19Learn 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.
Capital Gains Exemptions Under Income Tax Act 2025
18 August 2026 at 09:14Explore capital gains exemptions under Sections 82 to 88 of the Income-tax Act, 2025, including house property, agricultural land, bonds and industrial assets.
Rectification, Assessment and Appeals Under Income Tax Act 2025
17 August 2026 at 09:17Income Tax Act 2025: Understand key rules on rectification, assessment, reassessment and appeals, including timelines, fees and appellate authorities.
CBDT Notifies Foreign Assets of Small Taxpayers-Disclosure Scheme Rules, 2026
17 August 2026 at 09:12CBDT notifies Foreign Assets of Small Taxpayers–Disclosure Scheme Rules 2026, covering eligibility, valuation, tax, penalty, forms, payment timelines and immunity for undisclosed foreign assets.
Key Allowances and Deductions Available to Taxpayers for Tax Year 2026-27
15 August 2026 at 09:06Income Tax Act 2025: Check key allowances, deductions and exemptions for TY 2026-27 covering salaries, HRA, house property, business, capital gains and family pension.
CBDT Issues FAQs on Section 536 Transition Provisions Under Income Tax Act, 2025
15 August 2026 at 09:06CBDT issues FAQs on Section 536 of the Income-tax Act, 2025, clarifying transition rules for summons, searches, assessments, recovery, penalties, TCCs, 12AB/80G and LDC/NDC applications.
Tax Benefits for Senior Citizens in FY 2026-27: Deductions, TDS Relief and ITR Exemptions
14 August 2026 at 09:27Know the tax benefits available to senior and super senior citizens under the Income-tax Act, 2025. Check deductions up to Rs. 1 lakh, TDS relief, interest income benefits, ITR exemptions and advance tax rules.
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