The review may also attempt to balance the new and old tax regimes and potentially aim for a unified tax regime for individual taxpayers.

The change in the tax law brings clarity to prevent the misrepresentation of rental income, which was inadvertently not taxed, according to experts.

Senior citizens whose age is 75 years or more are exempted from filing the ITR u/s 194P, subject to fulfilment of certain terms and conditions as applicable according to the ITR rule.

From decoding residency status to leveraging Double Tax Avoidance Agreements (DTAA), here's a comprehensive guide to demystify tax complexities for Non-Resident Indians (NRIs)

The old tax regime, which is still in force and offers a host of deductions and exemptions, exempts income up to Rs 2.5 lakh from taxes.

Tax-loss harvesting is a strategy to offset losses against capital gains and reduce tax liability.

The parents are usually ready to pass on their legacies, like the property in which they live, to their children, but isn’t it the duty of the beneficiary children to take the onus of paying the property tax towards such property?

There are various ITR forms that taxpayers can use for different purposes. To avoid mistakes, senior taxpayers should choose the appropriate ITR form for various tax filing purposes.

In the fiscal 2023-24 budget, the government announced a new leave encashment limit of up to Rs 25 lakh for income tax exemption.