Ahmedabad has once again sparked debate on whether small taxpayers can claim rebate under Section 87A if they have short-term ...

There has been certain ambiguity on whether small taxpayers' special rate income, especially short-term capital gains tax is going to be eligible for the rebate under section 87A under the new tax ...

For example, if a senior citizen has an income of Rs 11 lakh, they won’t have to pay income tax thanks to the Section 87A tax rebate under the new tax regime for FY 2025-26.

Even with income below Rs 7 lakh, capital gains must be reported in ITR. Know when to file ITR-1, ITR-2 or ITR-3, updated tax ...

Understand what "Income from Other Sources" is and how it's taxed. Learn about common income types, deductions, and why reporting is essential for tax ...

She believes that the complications would continue until both the tax regimes (old and new) are merged. She also recommends ...

This issue came into focus again after a recent ruling by the Income Tax Appellate Tribunal (ITAT) in Ahmedabad. The decision ...