Senior citizens can secure attractive fixed deposit rates, with some banks offering up to 7.9% for a five-year tenure on deposits up to Rs 3 crore. While banks deduct TDS on interest exceeding Rs 1 ...

Funds gifted by child to parents is not taxable, as it is between specified relatives, under Section 56(2)(x) of the Income-Tax Act, 1961. Hence, there are no tax implications on the transfer to your ...

In the Union Budget 2026, an important reform has been announced with the objective of making tax administration more digital, transparent and system-driven. Under Section 395 of the Income-tax Act, ...

Banks deduct TDS on FD interest if it exceeds the set threshold. TDS can be refunded if your total tax liability is lower. File an income tax return to claim any TDS refund. Did our AI summary help? A ...

Filing Income Tax Returns (ITR) can often seem daunting, especially for senior citizens. Ensuring correct ITR filing for senior citizens is essential not only for legal compliance but also to avail ...

NEW DELHI, Feb 12: Shillong MP Ricky Andrew J. Syngkon on Thursday met Union Finance Minister, Nirmala Sitharaman and urged her to reconsider the CBDT Notification of 2021, which introduced a monetary ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Lea Uradu, J.D., is a Maryland state ...

The Union Budget 2026 has introduced a procedural reform that could significantly ease tax compliance for senior citizens who earn interest income from bonds, debentures and other securities held in ...

Union Budget 2026 brings significant relief for retail investors by simplifying tax compliance related to TDS exemption. Finance Minister Nirmala Sitharaman announced that depositories like NSDL and ...

The Union Budget 2026–27 did not introduce any changes to income tax rates, but announced several targeted measures to ease the compliance burden for individuals and small taxpayers, part of a broader ...

The Union Budget 2026 has introduced a procedural change that could make tax compliance easier for senior citizens who earn interest income from bonds, debentures, and other demat-held securities. The ...

Retail investors are likely to pay less tax on share buybacks after the Union Budget 2026–27 announced that buyback proceeds will now be taxed as capital gains, instead of being added to personal ...