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HRA exemption queries: Is HRA available under new tax regime? Can you claim it along with your home loan? How to calculate the exemption? Many individuals are confused about whether HRA can help them save tax in the new tax regime, whether HRA tax exemption can be claimed along with a home loan and other tax queries

Can you change tax regime while filing income tax return? This is because last year, government presented the budget in July 2024 (after the General elections) but many communicated the desired tax regime in April for TDS on salary

Big relief for flat owners: No income tax payable if you get a new flat in exchange for old, rules Mumbai ITAT The tribunal held that receiving a new flat in exchange for an old one is not taxable under Section 56 of the Income Tax Act. This exchange should merely be considered an extinguishment of rights and not a gift, which would otherwise be taxable

Pay GST on society maintenance if monthly charge is more than this and annual collection is above Rs 20 lakh

Don’t be surprised if you get lesser income tax refund this year, the income tax dept is adjusting past dues against this year’s refund

Paying rent above Rs 50,000? You can be classified as assessee in default by income tax dept if you fail to deduct TDS

New changes implemented by GSTN for Table 3.2 of GSTR-3B and GSTR-1, GSTR-1A from April 2025 tax period

LTCG tax computation on sale of house property: How this ITAT order favouring a taxpayer will change the way capital gains is calculated

Want to save on paying taxes on capital gains? Dont utilise 54EC bonds in a hurry; check for this notice before taking the call With a new income tax bill coming into effect starting April 1, 2026, understanding eligible bonds is crucial. At present, only some public sector enterprises have been mandated by the government to issue 54EC bonds. Read on to know more