The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...

India's finance ministry has proposed extending the deadline for updated tax returns from two to four years to encourage ...

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

Budget 2025 extends the period for filing updated income tax returns from 24 months to 48 months. Taxpayers will now face ...

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

While it is well known that new income tax regime is simplified tax regime without tax exemptions and deductions ...

In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...

One might have incurred some losses while selling assets, securities or properties in India. Such losses can be carried ...

Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 ...

Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...

The forthcoming income tax Bill could be a revolutionary step to open a new chapter in India's fiscal narrative. It is poised ...