Tag: Tax deductions

As the dawn of the new financial year approaches in FY 2025-26, taxpayers find themselves at a crossroads, contemplating the choice between the Old and New Tax Regimes. The upcoming fiscal year, commencing on...

In the latest budget announcement for the fiscal year 2025, there have been significant adjustments to the income tax slabs, offering some respite for middle-class taxpayers. Finance Minister Nirmala Sitharaman unveiled a new tax...

So, like, the income tax department just dropped a bomb on taxpayers, saying they can't claim deductions for expenses related to settlements under certain laws. This includes the SEBI Act, the Securities Contracts Act,...