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 ...

The latest clarification classifies ULIPs as capital assets, with proceeds taxed under ‘capital gains’ instead of ‘income from other sources’ like earlier ...

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

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

Despite tax clarity on income from Category I and II AIFs, the taxation of carried interest remains unclear, causing ...

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

When it comes to donating stocks, the key to maximizing the tax advantages comes down to whether or not your investment is ...

The Union Budget 2025 clarifies the tax treatment of Unit Linked Insurance Policies (ULIPs), aligning them with other ...

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

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

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 ...