India’s upcoming tax law changes could redefine resident status for high-income diaspora. Learn how this reform increases global income tax risks and affects treaty benefits for overseas ...

Let's first know what is income tax refund? The term "income tax refund" refers to a refund amount started by the income tax department when the amount paid in taxes exceeds the actual amount payable.

The 2025 Act cuts chapters, sections, and word count by half while reorganising the entire law into clearer tables and ...

T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961 ...

Now we are just over halfway through the year, it's that time again for filing half-year corporate income tax returns. This must be done by the end of August and applies to companies whose accounting ...

The Central Board of Direct Taxes (CBDT) has issued new rules to streamline the correction of income tax refund errors. The move empowers CPC Bengaluru to rectify mistakes in tax computation, prepaid ...

The new rule said that net taxable winning in a year would be the difference between the sum of amount withdrawn from the user account and the closing balance and the sum of non- taxable deposits made ...

I am a senior citizen living on pension and on some investments. In 2017, I was misled into joining a ULIP on the promise of much higher return than a fixed deposit, by a bank staff of a leading ...

Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to ...