Income-tax returns: Filing your ITR for AY27 / FY26, here's how much rebate you can claim under Section 87A of the I-T Act.

Scrutiny assessment is a detailed verification process in which the Income Tax Department examines a taxpayer's return, income disclosures, deductions, exemptions, and supporting documents.

CBDT has identified six categories of returns for compulsory scrutiny during FY 2026-27. Selection triggers detailed ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Lea Uradu, J.D., is a Maryland state registered tax preparer, state ...

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a ...

The Union Budget 2025 expands the tax rules for ULIPs. Now, ULIPs with premiums beyond 10% of policy value are taxable. Maturity proceeds for policies issued from 1 February 2021 are no longer ...

The tax on equity investments in India depends on the type of investment, the holding period and type of gains. While listed ...

Unused paid leave can be converted into cash through leave encashment, but is it taxable? Learn the tax rules, Section 10(10AA) exemption, Rs 25 lakh limit, Section 89 relief, and how to report leave ...

The latest income tax rules have made food card benefits more attractive, especially for those opting for the new tax regime. From April 1, 2026, the tax-free limit on employer-provided meals has been ...

As the country celebrates 250 years, the semiquincentennial, Wisconsin has left a lasting impact on the history of the ...