The upcoming tax season is just 10 days away, and taxpayers may be deliberating on which tax regime to select for the next fiscal year. The Union Budget FY26 introduced significant tax benefits ...

Taxpayers contemplating hiking rent paid to parents to maximise tax benefits need to be cognisant of the fact that ...

The article examines the new tax regime and the changes announced in the union budget 25-26 and its potential impact. The new regime is a declining tax rate regime. However, the relief to the ...

This has made the new regime more attractive to many taxpayers. CA Nitesh Buddhadev, in a recent podcast, discussed how to determine the break-even point for choosing between the two tax regimes ...

For the unversed, the new income tax regime offers concessional tax rates in exchange for non-entitlement of most income tax deductions, such as section 80C, 80D and 80DD, among others.

Property owners will be able to use their new property values and the break-even millage rates to calculate face-value tax bill, Chief Assessor Deanna Heichel said Monday. But those calculations ...

In the new financial year, taxpayers are gearing up to file their income tax returns (ITRs) for FY2024-25 (Assessment Year 2025-26). At the same time, these taxpayers do their math to check how ...

The finance minister has proposed to revise tax rates for the new tax regime. This has certainly made it better compared with the existing new tax regime, as along with reduced tax rates it also ...

even under the new regime. Here are two practical scenarios of business losses that can be carried forward in the new tax regime. One, a trader incurred loss due to regular expenses like rent ...

FY26 has brought with it several tax changes – the biggest one of them being the huge sweetener in the new income tax regime. This, along with major capital gains tax changes announced in July 2024 ...