India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...
Income tax: 90% or more taxpayers may shift to new regime, says CBDT chief on Budget
The Central Board of Direct Taxes (CBDT) is the administrative body, under the Union finance ministry, for the I-T Department ...
Hosted on MSN13d
Budget 2025: Will government introduce direct tax code to replace Income Tax Act?
The direct tax code (DTC) aims to simplify India's intricate tax system, making it more accessible and easier to follow.
Explainer: How India's tax rate tweaks will boost middle class spending
The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...
Breaking India’s tax litigation gridlock
The backlog of income tax disputes in India has reached alarming levels, with over 74% of the total tax demand under ...
INDIA BUDGET India cuts income tax in a bid to boost consumption
India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...
Takeaways from India's budget that slashes income tax on the salaried middle class to spur growth
Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and ...
Tax Guru12d
Guidance on Principal Purpose Test (PPT) in India’s DTAAs
For ensuring parity and uniformity In the application of the PPT provision under India’s DTAAs, it is clarified that the PPT provision is Intended to he applied prospectively. Accordingly, the PPT ...
IT department prescribes conditions to avail presumptive taxation for foreign sea cruise players
Income Tax Department simplifies tax regime for non-resident cruise operators in India to boost tourism, effective from April ...