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Income Tax 101: What is Financial Year and Assessment Year, how does it impact your taxes

When it comes to filing income tax in India, two terms often create confusion: Financial Year (FY) and Assessment Year (AY). While they may sound similar, they serve different purposes in the tax ...
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New Income Tax Act: No more 'assessment year' or 'previous year' - Must know changes for taxpayers, don't miss out!

New Income Tax Act: India will introduce a new Income Tax law starting April 1, 2026. Named the Income Tax Act, 2025, it will replace the existing Income Tax Act of 1961, which has been in effect for ...