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 Department Revokes Non-Profit Status Of The Reporter's Collective | Details
The Income Tax Department has revoked The Reporter's Collective's non-profit status. As per the IT department, TRC's ...
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India's New Tax Code: Simplification on the Horizon
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 ...
How Union Budget 2025 has seen the biggest tax break in 20 years
The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs ...
Rs 1 lakh cr tax relief to taxpayers: Here's the income tax benefit at different income levels announced in Budget 2025
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 ...
Income Tax Slabs 2025 Live: Check New Tax Regime vs Old Tax Regime changes, tax liability, standard deductions and more
Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...
Why is the income tax department messaging political donors?
Unlike donations to charitable trusts, there is no form or reporting mechanism under the Income Tax Act, 1961 for donations ...
Income Tax Slabs Budget 2025 Highlights: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...
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 ...
Income tax department conducts searches at premises linked to IIFL Group
The IT department conducted raids on premises linked to the IIFL Group for suspected tax evasion. Major entities involved ...
I-T dept carries out searches on business premises linked to 360 ONE WAM, founder
All the business premises of 360 ONE were sealed by the income tax department to undertake their searches, officials added.