by sinewave | Jun 6, 2026 | Taxation
The Income Tax Department has notified ITR-2 for Assessment Year (AY) 2026-27, introducing important changes that taxpayers must be aware of. This form is applicable to individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession...
by sinewave | Jun 1, 2026 | Taxation
📌 Introduction With the repeal of the Income Tax Act, 1961 and the commencement of the Income Tax Act, 2025 from April 1, 2026, taxpayers have raised concerns about the treatment of past losses and deductions. Losses are crucial in tax planning, as they can reduce...
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