The draft Income Tax Rules, 2026, propose a major change in how company-provided cars are taxed. If approved, employees who receive a car from their employer may have to pay more income tax. The change affects how the “perquisite value” of the car is calculated — and that value gets added to your salary for … Read more
In a significant move for salaried employees, the Indian government is planning to expand House Rent Allowance (HRA) exemptions. The proposal would extend the 50% exemption benefit to more metro cities and newly categorized urban areas. If implemented, this could provide substantial tax savings for millions of workers living in high-rent urban centres, especially in … Read more
Taxpayers filing income tax returns for Assessment Year 2026–27 will continue to use the existing ITR forms under the Income Tax Act, 1961. This is despite the fact that a new Income Tax law is scheduled to come into force from April 1, 2026. According to sources quoted in reports, there will be no immediate … Read more
The Income Tax Department has proposed major changes to income-tax forms ahead of the new Income-tax Act, 2025, which will take effect from April 1. The draft Income-tax Rules introduce a complete renumbering of tax forms to make compliance simpler, clearer and more consistent for taxpayers, professionals and institutions. The move aims to replace decades-old … Read more
Multibagger stock Bazel International Ltd has announced a bonus share issue. The company has also declared the record date for this bonus issue, which is approaching soon. Let’s understand the details of this bonus share announcement. 1:1 Bonus Share and Record Date According to a stock exchange filing, eligible investors will receive 1 bonus share … Read more
Page Industries has given good news to its shareholders. The company’s Board of Directors has announced an interim dividend of ₹125 per share. This decision shows the company’s strong financial position and better cash flow. By announcing this dividend, Page Industries has clearly shown that it prioritizes sharing its profits with investors. This news is … Read more
Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 on February 1. While there are no changes in income tax slabs or rates, the Budget brings several important updates that taxpayers should know before planning for the new financial year starting April 1, 2026. The biggest changes relate to ITR deadlines, TDS rules, and taxpayer … Read more
For the first time, India is opening its stock market to a wider group of foreign investors. Budget 2026 has proposed a major change that will allow foreign individuals living outside India to invest directly in listed Indian companies. This move is expected to bring more global capital into Indian markets and make investing easier … Read more
After the Union Budget 2026, the government has clarified the rules for filing Updated Income Tax Returns (ITR-U) through the Finance Bill, 2026. The Income Tax Department has also released official FAQs to explain who can file an updated return, the timelines involved, and the extra tax that may apply. Here is a simplified and … Read more
After the Union Budget 2026-27 was presented on February 1, the Finance Ministry released a detailed FAQ guide through the Income Tax Department. These clarifications are important as India moves to the new Income Tax Act, 2025, from April 1, 2026. While some changes didn’t make headlines, they will significantly impact how taxpayers file returns, … Read more
The Union Budget 2026 has introduced a major change for investors who borrow money to invest in stocks or mutual funds. Until now, these investors could claim tax relief by deducting a portion of the interest paid on such loans from their taxable income. However, following the new budget proposal, this benefit will no longer … Read more