It is now well-known that the Income-tax Act, 2025 is all set to take effect from April 1, 2026. While the Act is the primary legislation, procedural details are contained in the ‘Rules’ accompanying the Act. Accordingly, the Read More
“What is noteworthy is the long-overdue rationalisation of archaic perquisite thresholds, such as tax-free at-work meal value, gift received from employer, etc.,” Nangia Global Partner Sandeepp Jhunjhunwala. Photo: LinkedIn/Sandeepp Jhunjhunwala The tax department on Read More
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto During her Union Budget presentation on Sunday (February 1, 2026), Finance Minister Nirmala Sitharaman informed that the new Income Tax, 2025, would come into effect in April Read More