This explains how the new law defines “income” using an inclusive approach rather than a fixed list. The key takeaway is that ...

Capital Gains Tax and Income Tax are both methods by which governments generate revenue, but they target different types of income. Income tax is levied on the regular income of an individual or ...

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 ...