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

After a major budget that saw the FM making some crucial announcements regarding direct taxation in India, the New Income Tax ...

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

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 ...

Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...

In case of an NRI property seller in India, the buyer is responsible for withholding a tax, known as TDS, before making payment for the property. Awareness of the TDS procedure will enable a smoother ...

The national guidance framework for Global Capability Centres (GCCs) is another step in the right direction. As India cements ...

Modi govt has made some big announcements including changes in the new tax regime with taxpayers not having to pay any income tax on earnings up to Rs 12 lpa ...

Union Finance Minister Nirmala Sitharaman in her speech said that the budget primarily focused on the 'Garib (poor), Youth, ...

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable ...

Mumbai: In a significant move to support MSMEs, the finance minister has raised the credit guarantee cover for micro and small enterprises from Rs.

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.