Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...

Mumbai: The Brihanmumbai Municipal Corporation (BMC) on Tuesday presented its budget for the financial year 2025-26, with a ...

The new Income Tax Bill, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax ...

While the cut in income tax is expected to put more cash in the hands of the people thereby improving demand, the rate cut by ...

The new legislation, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, ...

even if they do not maintain active income sources in India. The budget hints at a potential tightening of residency definitions for taxation purposes. Previously, NRIs were subject to Indian ...

Small savings instruments comprise of vastly popular schemes including the Public Provident Fund, National Savings ...

The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced ...

If cleared, the bill could be introduced in the Lok Sabha early next week. The legislation is part of the Centre’s broader ...

The Union Cabinet approved a new income tax bill to replace the 60-year-old Act, aimed at simplifying direct tax laws without adding burdens. The bill, soon to be introduced in Parliament, will focus ...

FM Sitharaman had first announced a comprehensive review of the Income-tax Act, 1961 in July 2024 Budget.