This analysis explains capital asset definition, computation rules, and exemptions under the Income-tax Act. Landmark Supreme Court rulings clarify when capital gains can and cannot be ...
Under the Income Tax Act (ITA), 2025, the government has renumbered most sections without materially changing the core philosophy of the current Income Tax Act, 1961.
This guide explains how Section 22 taxes house property based on annual value rather than actual rent. It covers computation steps, deductions under Section 24, and treatment of self-occupied and ...
As India prepares to roll out the new Income-tax Act and Draft Income-tax Rules from April 1, 2026, experts say the changes ...
New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may ...
House Rent Allowance claims under the old tax regime now require salaried individuals to disclose landlord relationships in Form 124 for rents over ₹1 lakh.
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Renting from relatives? Draft income-tax rules propose disclosure of relationship with landlord
The draft rules make it mandatory to disclose the relationship with the landlord for claiming the HRA benefit.
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