The Budget 2026-27 also seeks to rationalise TDS/TCS provisions to alleviate compliance challenges and other relevant changes ...

Private investment industry group American Investment Council (AIC) suggested on Friday that U.S. President Donald Trump ...

These powerful strategies, from timing your sales during low-income years to leveraging qualified opportunity zones, can ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Unit Linked Insurance Plans (ULIPs) with annual premiums exceeding Rs 2.5 lakh will be subject to a long-term capital gains ...

Budget 2025 has clarified that ULIPs where annual premiums exceed Rs 2.5 lakh a year or 10 percent of the sum assured will be ...

ULIPs to which exemption under clause (10D) of section 10 does not apply, shall be included in the definition of equity ...

The Fund estimates that it has distributed more than its income and net realized capital gains ... to consult a tax advisor as to the appropriate treatment of Fund distributions. Effective after the ...

The Union Budget 2025, scheduled for February 1, has raised discussions about updates to the capital gains tax structure. The changes introduced in Budget 2024, effective for transactions after July ...

If you make a gain after selling a property, you'll pay 18% capital gains tax (CGT) as a basic-rate taxpayer, or 24% if you pay a higher rate of tax. For other assets, such as shares, the rate depends ...

Frozen tax thresholds and diminishing allowances are pushing more people into higher tax brackets. For example, the higher-rate tax threshold has been frozen at £50,270 since April 2021, even as wages ...