The financial year 2024-25 is about to close. Taxpayers can file their income tax return as per the existing new tax regime ...

India’s prevailing tariff rates are consistent with World Trade Organisation norms, finance minister Nirmala Sitharaman said on March 6 while addressing a press conference in Vishakhapatnam, Andhra ...

With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, the Union Budget 2025-26 ...

In Union Budget for 2025-26 income tax exemption limit has been extended from Rs 7 lakh to Rs 12 lakh, providing significant ...

ICAI has suggested reducing the number of sections in the proposed Income Tax Bill and simplifying the language for better understanding and reduced litigation.

The quick commerce sector will be a key beneficiary of the income tax cut announced in the Union Budget 2025, as it will ...

A meeting of the Select Committee of the Lok Sabha, under the chairmanship of Bharatiya Janata Party MP Baijayant Panda, to ...

Tax rebate under Section 87A was not given on special rate income like STCG since July 5, 2024. Many taxpayers who could ...

Income tax officers in India will now be able to access the digital accounts of individuals if deemed necessary. The new norms of the Income Tax Bill, 2025 expand the authority of tax officers and ...

In the AY2025-26, taxpayers should note that the tax rebate was introduced in the new tax regime. Individuals with an income ...

As stated in Section 247 of the latest income tax legislation, authorised income tax authorities will be granted the ...