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 ...

On February 1, 2025, the Union finance minister submitted her submissions on revised Procedures, amendment of Sections, Tax proposals (both Direct and Indirect), etc. There was also the announcement ...

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

Finance Minister Nirmala Sitharaman has proposed significant tax reforms for middle-class taxpayers in India. With zero tax on incomes up to ₹12 lakh and reduced rates for higher brackets, here’s how ...

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, ...

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

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 ...

The main objective of the bill is to streamline and modernise India's tax system by simplifying legal language to ensure that ...