Income Tax News

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 | 1296 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 | 1 comments | 13527 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 | 405 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 | 3624 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 | 49788 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 | 3366 Views

CBDT Notifies Foreign Assets of Small Taxpayers-Disclosure Scheme Rules, 2026

17 August 2026 at 09:12

CBDT notifies Foreign Assets of Small Taxpayers–Disclosure Scheme Rules 2026, covering eligibility, valuation, tax, penalty, forms, payment timelines and immunity for undisclosed foreign assets.

Posted in Income Tax | 4767 Views

Key Allowances and Deductions Available to Taxpayers for Tax Year 2026-27

15 August 2026 at 09:06

Income Tax Act 2025: Check key allowances, deductions and exemptions for TY 2026-27 covering salaries, HRA, house property, business, capital gains and family pension.

Posted in Income Tax | 2346 Views

CBDT Issues FAQs on Section 536 Transition Provisions Under Income Tax Act, 2025

15 August 2026 at 09:06

CBDT 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.

Posted in Income Tax | 3639 Views

Tax Benefits for Senior Citizens in FY 2026-27: Deductions, TDS Relief and ITR Exemptions

14 August 2026 at 09:27

Know 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.

Posted in Income Tax | 48258 Views