The Bombay High Court upheld the ITAT’s decision to admit an additional TP ground allowing reconsideration of AEs as the tested party. It held that no substantial question of law arose where the ...

This covers major tax reforms introduced to simplify compliance and reduce litigation. The key takeaway is a shift toward trust-based and technology-driven ...

This Budget positions India's taxation ideology as not merely a revenue source but as a strategic catalyst for growth, ...

Budget 2026 introduces major income tax rule changes, including extended ITR revision deadlines, reduced penalties, wider ...

GK: Today's entire system is governed by the Income Tax Act, 1961. It was implemented from April 1, 1962 but its foundation ...

Indian lawmakers from the ruling coalition praised Prime Minister Narendra Modi for striking a deal with the U.S. to reduce ...

Analysts urge caution, highlighting the need for clarity on the deal’s specifics. Opposition political parties are ...

Budget 2026 made no new changes in income tax slabs, nor did it make any tweak to the new tax regime. However, there have been major tax-related announcements that will affect your pockets. Track for ...

The Finance Minister presented the Budget in Kartavya Bhawan anchored in three core kartavyas - driving economic growth, ...

Union Budget 2026 reshapes India’s direct tax system by reducing discretion, simplifying compliance and prioritising correction over punishment ...

Taxpayers also get more flexibility to correct mistakes: the time limit to file a revised return has been increased from 9 ...

Finance minister Nirmala Sitharaman, during the presentation of Union Budget 2026-27, announced that the New Income Tax Act, 2025, will come into effect from April 1, 2026, replacing the ...