Are Personal Loans Taxable in India? Understanding Income Tax Rules and Deduction Benefits Are Personal Loans Taxable in India? Understanding Income Tax Rules and Deduction Benefits Personal loans are a popular financial tool in India, offering quick access to funds for various purposes such as education, healthcare, home renovation, or business expansion. However, a common … Read more
Income Tax Department Notifies ITR-1 and ITR-4 for AY 2025-26 Income Tax Department Notifies ITR-5 Form For AY 2025-26 The Income Tax Department, through the Central Board of Direct Taxes (CBDT), has notified the revised ITR-1 (SAHAJ) and ITR-4 (SUGAM) forms for the Assessment Year (AY) 2025-26, pertaining to Financial Year (FY) 2024-25. Income Tax … Read more
Income Tax Department Notifies ITR-5 Form For AY 2025-26 Income Tax Department Notifies ITR-5 Form For AY 2025-26 The Income Tax Department has officially notified the ITR-5 Form for Assessment Year (AY) 2025-26 on May 1, 2025. This update comes shortly after the notification of ITR-1 and ITR-4 (on April 29) and ITR-3 (on April … Read more
How Often Can You Switch Between Old and New Tax Regimes? Rules for FY 2025-26 How Often Can You Switch Between Old and New Tax Regimes? Rules for FY 2025-26 The Indian Income Tax system provides taxpayers the flexibility to choose between the Old Tax Regime and the New Tax Regime based on their financial … Read more
New Income Tax Rules for FY 2025-26: Know All Rates, Slabs, Deductions,and More New Income Tax Rules With the beginning of the new financial year on April 1, 2025, several changes in income tax rules have come into effect. Budget 2025 introduced revised tax slabs, new deductions, updated TDS limits, and various exemptions aimed at … Read more
