July 26, 2026

income tax

Budget 2026 income tax expectations: What can FM do for the next phase of tax simplification?

Budget 2026 income tax expectations: What can FM do for the next phase of tax simplification?

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Budget 2026 income tax expectations By Kuldip KumarAs the Union Budget approaches, expectations of major tax giveaways appear muted. However, this Budget may assume significance not for dramatic announcements, but for how the Government balances growth, fiscal discipline, and reform amid a challenging economic environment.A Challenging Economic BackdropThe Honourable Finance Minister faces a complex macroeconomic…

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Rashmika Mandanna tops Kodagu’s taxpayer list, sets a new star benchmark: Report | Telugu Movie News

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Actress Rashmika Mandanna has emerged as Kodagu’s top taxpayer, contributing ₹4.69 crore in income tax this financial year. This significant financial contribution underscores her substantial earnings from a successful pan-India career in films and brand endorsements. Her fiscal prudence and growing income are reflected in her impressive tax filings and substantial investments. Rashmika Mandanna’s rise…

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Plan first, invest later: Why choice between new and old tax regimes requires deep planning

Navigating the New Tax Landscape: Choosing Between Old and New Tax Regimes for Maximum Savings | Financial Literacy News

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With the new tax regime now the default option, many taxpayers are discovering that the choice between the old and new regimes is no longer a routine filing decision but one that can significantly impact their tax outgo.Even as the government nudges taxpayers towards a simpler, exemption-light system, many taxpayers continue to opt for the…

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Advance tax deadline today: December 15 instalment due; who must pay, penalties and how interest adds up- Explained

Advance tax deadline today: December 15 instalment due; who must pay, penalties and how interest adds up- Explained

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If you earn income beyond a fixed salary or have multiple income streams, December 15, 2025, is a tax deadline you cannot afford to overlook. Missing or underpaying advance tax does not trigger a one-time fine, but monthly interest penalties that continue to accumulate quietly until assessment.Under India’s “pay as you earn” framework, advance tax…

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Dharmendra and Asha Parekh’s homes were raided by income tax during ‘Samadhi’ shoot; actress recalls filming death scene: ‘It was a very funny situation’ |

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Asha Parekh and Dharmendra were one of Bollywood’s most loved pairs in the 1960s. Their films together, ‘Aaye Din Bahar Ke’ (1966), ‘Shikar’ (1968), ‘Aya Sawan Jhoom Ke’ (1969), ‘Mera Gaon Mera Desh’ (1971), and ‘Samadhi’ (1972), were not just hits, but also showcased a magical onscreen chemistry that fans adored. Behind the glamour and…

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Overseas holdings under scrutiny: IT dept flags non-disclosure; taxpayers get last chance to revise ITRs- get details

Overseas holdings under scrutiny: IT dept flags non-disclosure; taxpayers get last chance to revise ITRs- get details

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The Income Tax department will begin sending SMS and email alerts from November 28 to about 25,000 individuals flagged as “high-risk” for not disclosing foreign assets in their income tax returns (ITRs) for Assessment Year 2025–26, PTI reported citing sources. The cases were shortlisted on the basis of data received from foreign jurisdictions under the…

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Tax notice alert! Buying land above Rs 30 lakh? Here’s why you may come under Income Tax Department scrutiny and how to avoid it

Tax notice alert! Buying land above Rs 30 lakh? Here’s why you may come under Income Tax Department scrutiny and how to avoid it

admin04 mins

A new property purchase can feel like a proud milestone — until a letter from the Income Tax Department lands in your inbox asking where your money came from. Experts say that such notices are becoming increasingly common as tax authorities use advanced data analytics to verify whether property buyers’ declared income matches their level…

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