Inside the income tax gambit to ramp up India’s growth
Cutting tax rates can promote growth, and conversely raising taxes can hinder it—the intellectual heritage of this line of thought stretches back to an 18th century economist. But this theory ...
Tax Guru13h
Bank certificate show cash Deposits during demonetisation: ITAT deletes addition u/s 69A
In the matter abovementioned ITAT deleted additions u/s 69A made on account of cash deposit during demonetization after ...
Tax Guru15h
Section 271D Penalty Proceedings Begin with AO’s Reference: Delhi HC Clarifies Limitation Start
The core issue before the High Court was whether the penalty order was time-barred under Section 275 (1) (c) of the Act, which stipulates a limitation period for penalty orders. Property Plus Realtors ...
Union Budget 2025: Students Welcome TCS Relief On International Education
Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman on Saturday, has proposed a new Tax Collected at ...
TDS, TCS limits hiked in Budget 2025: Seniors, landlords, foreign travellers, students to benefit
While senior citizens, landlords and those providing professional/technical services are the biggest beneficiaries of the TDS ...
If Rs 12 lakh is your taxable income, you should know this; check tax outgo calculations
Among the key changes announced was the introduction of a provision under which individuals with a taxable income of up to Rs ...
INTERVIEW | ‘Census, per capita income reasons for low budget allocation’: TM Vijay Bhaskar
Former chief secretary and ex-chairman of the Second Karnataka Administrative Reforms Commission TM Vijay Bhaskar spoke to ...
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Income tax rates for individuals
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 ...