Budget 2026 Income Tax Highlights: Changes in taxation on SGB redemption, share buyback, TCS, STT, NRI property TDS, updated income tax slabs, standard deduction and more

Union Budget 2026 introduces a new Income Tax Act from April 1, 2026, with simplified rules. Key changes include reduced TCS rates on overseas tour packages and LRS remittances for education/medical.

New ITR-1, 2 forms for FY26 expected soon; here's what taxpayers can expect

Experts expect fewer irrelevant disclosures, better system stability and smoother reconciliation with AIS in FY26 returns ...

Draft income tax rules 2026 signal tighter eligibility and digital-first filing for ITR-1 to ITR-7

The draft Income-tax Rules, 2026, propose several income-tax forms that were earlier prescribed under the Income-tax Rules, 1962. The CBDT is expected to notify the draft income tax rules by the first ...

Income Tax Budget 2026 Live updates: What relief did taxpayers get this year? How middle class and salaried will benefit

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 ...
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ITR refund delayed? Here's how to file a complaint and track your income tax refund

For most taxpayers, the real sense of relief after filing an Income Tax Return (ITR) comes only when the refund amount is credited to their bank account. However, in 2025, many taxpayers are still ...

Budget 2026 explained: 10 big income tax changes every taxpayer should know

The new law aims to replace the long-standing Income Tax Act, 1961, with clearer language, simpler rules, and easier ...
CNET

Today Is the First Day You Can File 2025 Income Taxes. The Deadlines You Need to Know for Tax Season 2026

Early birds can submit their 2025 tax returns today and receive their potential tax refunds in two to three weeks. Peter is a writer and editor for the CNET How-To team. He has been covering ...
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Budget 2026 | Income Tax Slabs, TCS Relief, And Fiscal Deficit Targets: What Changes For You?

Finance Minister Nirmala Sitharaman tabled her ninth consecutive budget on Sunday and announced some changes for the tax slabs for the 2026-27 fiscal year (FY27). While Sitharaman announced no changed ...

Sold land for Rs 5 crore and buys new land in wife’s name; paid no capital gains tax; gets tax notice; Why ITAT Delhi denied tax exemption

A man who sold agricultural land for Rs 5 crore and reinvested the gains into a new plot in his wife's name was denied capital gains tax exemption under Section 54B. The Income Tax Appellate Tribunal ...

Income Tax Slabs Budget 2026 Key Points: FM Nirmala Sitharaman keeps tax slabs unchanged, introduces foreign asset disclosure scheme for small taxpayers

All eyes are on Part B (taxes) of FM Nirmala Sitharaman’s Budget speech today. This is where the announcements that affect ...
Tax Guru

No Tangible Material: Reassessment Invalid; Bogus LTCG Addition Deleted– ITAT Chandigarh

Since the reassessment itself was quashed, the addition treating long-term capital gains as unexplained cash credit under ...
Yahoo

Taxpayers can file individual income tax for state, federal

Add Yahoo as a preferred source to see more of our stories on Google. A U.S. Individual Income Tax Return Form 1040 sits on a desk alongside a pencil, a smartphone calculator, and cash. Photo: Sarah ...