Income Tax Department opposes same-sex couple's tax exemption plea, asserting only legally recognized marriages qualify for ...
The petition challenges the scope of Section 56(2)(x), which exempts gifts exchanged between spouses from taxation.
Pension income is taxable in India, but the tax treatment depends on the type of pension received. Regular pension payments are generally taxed as salary. However, lump sum amounts or commuted ...
Sikkim is the only state in the country where residents who are eligible are exempt from paying income tax. The special ...
Taxpayers should maintain documentation that clearly establishes both the source of the income and the legal basis for claiming exemption.
ITAT held that Section 54 exemption must be examined separately for each residential house sold. Aggregating gains from multiple transfers is not ...
RNOR under Sections 6 and 6(6) can keep eligible foreign income outside Indian tax during the transition period after an NRI returns to ...
Wondering How to Save Income Tax on Salary in India? Here's Your Ultimate Guide: By Preeti Das Discover the fundamentals of income tax in India, including its definition, operational mechanisms, and ...
Under the Income Tax Rules, 2026, the exemption limit per meal has been increased to Rs 200, up from the earlier Rs 50 cap approved last week by Parliament.
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