Income Tax

An Income Tax Notice is a formal communication from the Income Tax Department sent to the taxpayer on various grounds. Check who gets it and how to respond.

Union Budget 2026 is unlikely to bring sweeping tax reforms, but targeted relief may be on the table. Deloitte India Executive Director Tarun Garg says senior citizens could be among the biggest beneficiaries, with potential healthcare-related deductions and higher relief on interest income. Speaking to ANI, Garg noted that the government is more likely to fine-tune the new tax regime rather than announce big-bang changes, given fiscal constraints. Finance Minister Nirmala Sitharaman will present the Union Budget for 2026–27 in Parliament on February 1.

Seniors in the United States aged 65 and above who file individually can claim up to $31,625 in deductions for the tax year 2028, as per changes made by Donald Trump's One Big Beautiful Bill Act. Here's all you need to know.

A new study reveals how staying invested consistently dramatically outperforms attempts to time market highs and lows.

Income tax refunds usually get delayed because often times the returns are not fully processed, or the I-T Department finds mismatches or non-compliance in your tax filing.

If you invest in a mutual fund with only a short rear-view mirror, you are bound to make mistakes. You need to ensure that funds can perform consistently over longer periods and are not merely riding a particular investment style

TCS is a 1% tax on motor vehicles over ₹10 lakh. Buyers can claim a refund when filing their annual ITR, provided they meet eligibility criteria.

Many individuals may not realise they owe tax on profits from selling residential properties. Capital gains tax rates vary based on holding periods, with exemptions available for reinvestment in new properties or specified bonds, provided certain conditions are met.