None
Dearness Allowance (DA) plays a crucial role in the salary structure of government employees and pensioners, especially in the face of inflation. For those filing their income tax returns for FY 2025–26, it’s important to understand how DA is treated under the Income Tax Act and what recent changes may affect your taxable income. What …
The season for ITR filing in FY26 has started. The Income Tax Department has already notified the ITR-1 to ITR-5 forms for Assessment Year 2025-26. While salaried individuals usually find the process simple, freelancers and self-employed professionals need to take extra care while filing their returns. Who is a Freelancer? A freelancer is someone who …
The Delhi High Court has ruled that income tax reassessments cannot be initiated beyond 3 years from the end of the relevant assessment year, irrespective of whether the old or new reassessment framework is applied. The judgment reinforces the statutory time limit and upholds clarity for taxpayers across India, as per news reports. Also Read: …
