I am a resident individual with a total income of Rs 15 lakh for FY26, comprising: Rs 12 lakh from rent and interest income (taxable at normal slab rates), and Rs 3 lakh from long-term capital gains ...

https://www.thehindubusinessline.com/portfolio/personal-finance/computation-of-income-tax-on-capital-gains-from-sale-of-plot/article66573162.ece Copy I had purchased ...

It is a well established fact that the Indian Income Tax Act is a very regressive legislation. It consciously leaves the Big Fish out of getting covered by the ambit of Income Tax and severely ...

https://www.thehindubusinessline.com/economy/it-dept-notifies-mechanism-for-re-computation-of-income-without-allowing-claim-for-deduction-of-surcharge-cess ...

Homeyar Jal Tavaria is a professional accountant with interest in the science of accounts and audit, observer and commentator on macro economic commercial, financial and economic events, occasional ...