New Delhi, March 20 (IANS) The government on Friday notified the Income-tax Rules, 2026, setting the stage for the rollout of the new Income-tax Act, 2025 from April 1, 2026, with a sharper focus on transparency, stricter disclosures and improved compliance.The Central Board of Direct Taxes (CBDT) has published the Income-tax Rules, 2026 in the e-Gazette, replacing earlier provisions and laying down a detailed framework for the upcoming financial year 2026-27.The new rules aim to simplify proced…
Latest Capital gains News & Updates
New Delhi, Feb 23 (IANS) India and France have signed an amending protocol to boost investment and strengthen economic cooperation, which aligns tax treaty with international standards, it was announced on Monday.The amending protocol provides full taxing rights in respect of capital gains arising from sale of shares of a company, to the jurisdiction where such company is a resident.It also deletes the so-called Most-Favoured-Nation (MFN) Clause from the Protocol to the India-France Double Taxat…
New Delhi, Jan 7 (IANS) India’s high-income salaried class is growing at a fast pace as the share of salaried taxpayers earning more than Rs 30 lakh a year increased from 18.49 per cent in 2024 to 23.34 per cent in 2025, a new report said on Wednesday.This reflects strong upward mobility within the middle and upper-middle class, data compiled by ClearTax showed.The findings are part of ClearTax’s annual report, ‘How India Filed in 2025’, which analysed millions of income tax returns to u…
Seoul, Dec 24 (IANS) The finance ministry here on Wednesday announced a package of tax benefits aimed at revitalising the domestic capital market, including a new incentive program for retail investors who sell overseas stocks and reinvest the proceeds in domestic assets.The latest steps come as part of a series of measures by foreign exchange authorities amid continued net capital outflows by domestic investors, with the Korean won nearing its weakest level against the U.S. dollar in 16 years, …