by admin | Feb 5, 2026 | Income Tax
In Budget 2026–27, the Government of India introduced a significant change in the tax treatment of SGBs (Sovereign Gold Bonds)— one of the most popular gold investment instruments previously admired for its tax benefits. What has changed? From 1 April 2026 (FY 2026–27...
by admin | Feb 3, 2026 | Income Tax
In the Union Budget 2026 presented on February 1, 2026, The Finance Minister, Nirmala Sitharaman, retained the existing personal income tax slabs and rates under both the old and new tax regimes. At the same time, the Budget unveiled a significant reform in the...
by admin | Feb 2, 2026 | Income Tax
The Union Budget 2026–27, presented on 1 February 2026, introduces the ITA (Income Tax Act), 2025, which significantly rationalises TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) frameworks to ease cash flow and simplify compliance. Key TCS Rate...
by admin | Jan 31, 2026 | General, Income Tax
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by admin | Jan 30, 2026 | Income Tax
The Bengaluru Income Tax Appellate Tribunal (ITAT) rejected (January 2026) denied Flipkart co-founder Binny Bansal’s claim of non-resident status for FY 2019–20, making him liable for taxes in India on gains from his Flipkart share sale. The tribunal ruled he...
by admin | Jan 27, 2026 | Income Tax
Section 68 of the Income-tax Act, 1961 empowers the Assessing Officer (AO) to treat unexplained cash credits as income of the assessee if a satisfactory explanation regarding their nature and source is not offered. In cases involving share capital, share premium, or...
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