The Union Budget unveiled on February 1, 2025, has come at a time of unprecedented global uncertainty and a flagging domestic ...

ITAT Bangalore held that reopening of assessment under section 148 after expiry of four years without failure on part of assessee to disclose fully and truly all material facts is invalid and hence ...

Union government collects ₹100 in taxes, but ₹10-11 is collected as cesses, surcharges, and cost of collection.

As per RBI norms, resident individuals can remit up to $250,000 per financial year for various permissible capital and ...

Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...

Former chief secretary and ex-chairman of the Second Karnataka Administrative Reforms Commission TM Vijay Bhaskar spoke to ...

The new income tax bill received clearance from the Union Cabinet last week. Soon, the FM will likely table the same in the ...

The Philadelphia Eagles won the Super Bowl 2025 after a performance in a 40-22 win over Kansas City Chiefs, with the victory ...

Definition: Net National Income is Gross National Income or Gross National Product less depreciation. Description: Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income ...

Bangladesh has criticized India's comments on the demolition of the historic Dhanmondi 32 residence, calling them unexpected and undesirable. India condemned the demolition, highlighting its ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...