Without going into the sections, proviso and the clause 2, 20 and 24 of the Finance Bill 2025, some situations are rendered here for the applicability and availability of the Sec 87A rebate both under ...

A key highlight this Budget for middle-class and salaried taxpayers is the exemption of income tax for those earning up to Rs ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Debt mutual funds bought after April 2023 fall under Section 50AA and are eligible for tax rebates, but units bought before ...

The Stocks & Shares ISA is an incredible vehicle for building wealth and generating a tax-free income. Dr James Fox explains ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

Understand the updated tax rates for mutual fund investments under the Finance Bill 2025. Explore the tax implications for ...

The federal government has made a last-minute change to its capital gains inclusion rate increase. However, other tax changes ...

Not all your incomes qualify for the rebate benefit under Section 87A. Income from capital gains, lotteries, and other ...

Ottawa defers effective date of capital gains changes to 2026 and promises exemptions for the tax inclusion increase.

A home seller may not owe any capital gains taxes on sale of a principal residence if the transaction qualifies for the ...

Unit Linked Insurance Plans (ULIPs) with annual premiums exceeding Rs 2.5 lakh will be subject to a long-term capital gains ...