by admin | Feb 20, 2026 | General, Income Tax
The Central Board of Direct Taxes (CBDT) has introduced a procedural change in the DITR (Draft Income-tax Rules), 2026 that significantly affects salaried taxpayers claiming House Rent Allowance (HRA) exemptions. This change is part of the Income-tax Act, 2025...
by admin | Feb 13, 2026 | Income Tax
In a significant legal ruling, Indian courts have been directed to inform the Income Tax Department whenever a civil suit involves claims of substantial cash transactions, but judges cannot compel litigants to disclose their PAN numbers to opposing parties. Chennai,...
by admin | Feb 11, 2026 | Income Tax
The Draft Income Tax Rules, 2026 introduce significant amendments to the manner in which employee perquisites are valued for taxation purposes. These changes aim to modernise the valuation framework, enhance transparency, reduce ambiguities, and align tax treatment...
by admin | Feb 9, 2026 | Income Tax
The Madras High Court has affirmed the levy of a ₹1.5 crore penalty under Section 271AAB of the Income-tax Act, 1961, on actor-politician Vijay, holding that the imposition of penalty consequent to a search and seizure operation was legally sustainable. The Court...
by admin | Feb 6, 2026 | Income Tax
1.Have the income tax slabs or rates changed for 2026-27? No. The Finance Minister announced no changes to the tax slabs, rates, or standard deductions under either the old or new tax regimes for Financial Year 2026-27. 2.What are the new income tax slabs under the...
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...
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