Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

The Income Tax Department has revoked The Reporter's Collective's non-profit status. As per the IT department, TRC's ...

An internal committee of India's Income Tax Department, guided by suggestions for simplification and structural improvement, is paving the way for a new tax law. The proposed changes, inspired by ...

Unlike donations to charitable trusts, there is no form or reporting mechanism under the Income Tax Act, 1961 for donations ...

The finance minister has announced an increase in the tax rebate under Section 87A to Rs 60,000 from Rs 25,000 under new tax ...

The current income-tax law is complex for average taxpayers due to its technical jargon and numerous provisos, circulars, and ...

The backlog of income tax disputes in India has reached alarming levels, with over 74% of the total tax demand under ...

The IT department conducted raids on premises linked to the IIFL Group for suspected tax evasion. Major entities involved ...

Question: I have earned some income in India that will require me to file a tax return. I am worried that once I do so, I ...

Income Tax Department simplifies tax regime for non-resident cruise operators in India to boost tourism, effective from April ...

Tax planning done right can reduce your tax liability by up to 26%. Most people don’t know about the tax-saving opportunities they can use. A tax planner India helps you tap into these savings. The ...

CBDT clarifies that grandfathering provisions in India's DTAAs with Cyprus, Mauritius, and Singapore are outside PPT provision.