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The deadline to link PAN with the Aadhaar Card was December 31, 2025. If your PAN wasn’t linked by then, it is now considered inoperative. The taxpayers with inactive PANs are now facing real consequences. Filing Income Tax Returns Is Blocked An inoperative PAN doesn’t allow you to file Income Tax Returns (ITR) on the…
Last Updated:March 20, 2026, 5:01 PM IST The Income Tax Department has notified the new Income-tax Rules, 2026, marking a significant overhaul of the decades-old tax framework. Income Tax Rules 2026: Major changes that will impact your pocket The Income Tax Department has notified the new Income-tax Rules, 2026, marking a significant overhaul of the…
Last Updated:March 15, 2026, 12:29 IST March 15 is the deadline for the final advance tax installment for FY 2025–26. Salaried individuals with extra income may need to pay. Advance Tax payment due today March 15 is the last date for paying the final instalment of advance tax for the financial year 2025–26. Taxpayers who…
Income Tax Budget 2026 Live Updates: Union Finance Minister Nirmala Sitharaman announced that the New Income Tax Act will come into effect on April 1, with rules and tax returns forms to be notified shortly. Source link [ad_3]
Finance Minister Nirmala Sitharaman unveiled a clean‑up of India’s direct tax framework, announcing a new foreign asset disclosure scheme, a decriminalised prosecution regime and staggered filing timelines as part of the Union Budget 2026. The moves aim to ease compliance for small taxpayers and reduce friction in India’s decade‑old income tax architecture ahead of the…
New Delhi: In a major relief for taxpayers, the Income Tax Appellate Tribunal (ITAT), Mumbai has ruled in favour of a Pune-based individual after the tax department had added over Rs 7 crore to his income as unexplained cash credit. The tribunal held that loose sheets of paper, personal diaries and WhatsApp chats cannot be…
New Delhi: The National Pension System (NPS) remains one of the most tax-efficient retirement savings options for salaried individuals and self-employed taxpayers in India. Whether you opt for the old tax regime with deductions or the new simplified regime, NPS contributions can help you reduce your tax liability while building a retirement corpus. Tax Saving…
New Delhi: A social media post is going viral that claims that any bank transaction exceeding Rs 10 lakh will be taxed @85 percent. A post is being circulated by an Instagram handle manjju.choudhary. Fact-checking agency PIB has refuted the social media claim. PIB has stated that the claim being made in this post is…
Last Updated:December 26, 2025, 2:34 PM IST From April 1, 2026, the Income Tax Act, 2025 will replace the old law, offering no tax up to Rs 12 lakh under the new regime, stable GST rates, and a focus on customs duty reforms No tax on income up to Rs 12 lakh: Public tax relief…
New Delhi: A social media post is going viral that claims, from 1st April 2026, the Income Tax Department will have the authority to access your social media, emails, and other digital platforms to curb tax evasion. A post is being circulated by an X handle IndianTechGuide. Fact-checking agency PIB has refuted the social media…