TDS Exemption Limit for Rent Increased to ₹6 Lakh TDS Exemption Limit for Rent Increased to ₹6 Lakh In a landmark announcement during the 2025-26 Budget, Finance Minister Nirmala Sitharaman revealed that the annual Tax Deducted at Source (TDS) exemption limit for rental income will be increased significantly—from ₹2.4 lakh to ₹6 lakh. This change, … Read more
Key Announcements and Detailed Analysis Key Announcements and Detailed Analysis The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, marks a significant step toward economic growth, social welfare, and fiscal consolidation. With a focus on tax relief, agricultural reforms, manufacturing incentives, and digital infrastructure, this budget aims to balance economic expansion and social equity. … Read more
Experts Call for a Permanent Tax Settlement Mechanism to Resolve Backlog of Legal Tax Disputes Resolve Backlog of Legal Tax Disputes Tax disputes in India have been a persistent issue for years, with numerous taxpayers finding themselves caught in a prolonged battle in the Income Tax Appellate Tribunal (ITAT), High Courts (HC), or even the … Read more
Capital Expenditure vs Revenue Expenditure Capital Expenditure vs Revenue Expenditure Every rupee of tax you pay goes somewhere—some of it builds the future, while some keeps the country running. But how does the government decide where to spend? Understanding the difference between capital expenditure and revenue expenditure helps in decoding how the government prioritizes its … Read more
Is Alimony Received After Divorce Taxable ? Is Alimony Received After Divorce Taxable Alimony, also known as spousal support, is a financial support given by one spouse to the other after divorce or separation. It is typically awarded to the spouse who is financially dependent or has a lower earning capacity to ensure that they … Read more
