Income Tax News

ICAI Handbook on NRI Residential Status: Key Tax & FEMA Rules Explained

10 September 2026 at 09:30

ICAI’s July 2026 Handbook explains NRI residential status under the Income-tax Act, 2025 and FEMA, including 182-day rules, NOR, deemed residency and DTAA.

Posted in Income Tax | 1 comments | 5358 Views

Congress Leader Alleges CAs Aid Tax Evasion, Sparks Debate Among Tax Professionals

10 September 2026 at 09:27

Congress leader Shaktisinh Gohil's remarks alleging Chartered Accountants' involvement in tax evasion have sparked widespread debate on social media, with professionals defending the CA community and calling for evidence-based accountability.

Posted in Income Tax | 1 comments | 2412 Views

Income from Other Sources Under Income Tax Act 2025: Key Rules, Taxable Incomes and Deductions

08 September 2026 at 09:12

Not every income earned by a taxpayer neatly falls under salary, house property, business or profession, or capital gains. The Income-tax Act, 2025 provides a separate residual category known as "Income from Other Sources" for such income.The Income

Posted in Income Tax | 1 comments | 14184 Views

ESOP Taxation Under Income Tax Act 2025: Rules for Employees and Start-Up Workers

07 September 2026 at 09:00

Learn how ESOPs are taxed under the Income Tax Act 2025, including FMV-based perquisite tax, capital gains on sale and tax deferment for eligible start-up employees.

Posted in Income Tax | 1 comments | 6210 Views

Advance Ruling Under Income Tax Act 2025: Eligibility, Form 120, Fees and Procedure

05 September 2026 at 09:24

Learn about advance ruling under Sections 380 to 389 of the Income-tax Act, 2025, including eligibility, Form 120, fees, filing process, withdrawal, applicability and appeals.

Posted in Income Tax | 1 comments | 3012 Views

Doctor Pays Rs 58 Crore in Tax on Rs 149 Crore Income, Sparks Debate Over Taxpayer Value

04 September 2026 at 09:09

Dr Aniruddha Malpani's Rs 58 crore tax payment sparks debate on X over taxation, public spending, infrastructure and taxpayer value in India.

Posted in Income Tax | 2 comments | 17799 Views

Income from House Property Under Income Tax Act 2025

03 September 2026 at 09:26

Learn Income from House Property tax rules, GAV calculation, 30% standard deduction, home loan interest, self-occupied and let-out property rules, deemed ownership and composite rent.

Posted in Income Tax | 1 comments | 22764 Views

HUF Tax Rules 2026: New Tax Regime Slabs, Surcharge and Partition Provisions

01 September 2026 at 09:22

Understand HUF taxation under Finance Act 2026, including residential status, tax rates, AMT applicability, foreign tax credit, deductions, surcharge and HUF partition provisions.

Posted in Income Tax | 1 comments | 22581 Views

NRI Tax Rules Under Income Tax Act 2025: Key Residential Status and FEMA Provisions

31 August 2026 at 09:13

Income Tax Act 2025 provisions for non-residents explained: residential status, ROR, RNOR, taxable income, business connection, SEP and key FEMA rules.

Posted in Income Tax | 1 comments | 3360 Views

Maintenance of Books of Accounts Under Income Tax Act, 2025

29 August 2026 at 09:27

Check the latest books of accounts rules under Section 62 of the Income-tax Act, 2025, including threshold limits, required records, 7-year retention and Rs 25,000 penalty.

Posted in Income Tax | 1 comments | 25734 Views