During the Mughal era, budgets were prepared by gathering information about land and its production to determine taxes, and ...

With the US import tariff hike looming large, India has said it is not a tariff king. In a recent interaction with TNIE, ...

The importance of local governments and municipal bodies particularly in developing economies is increasingly being recognized with rising aspirations of citizens. The nature of social and economic ...

Budget 2025: Borrowings and Liabilities contribute the most to the budget’s revenue, making up 24% of the total. This is a slight drop from 27% last year. Income Tax ranks second, accounting for 22% ...

For the initial few years there was not much uptake of the new income ... efficient tax regime is crucial for economic growth, streamlined compliance, and enhanced government revenue, ultimately ...

Almost all finance ministers of India have faced the challenge of widening the country's tax net. While the debate over how few people pay income tax ... in additional revenue, there is a limit ...

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...

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

The Union Budget for FY2026 attempts to strike a balance between supporting economic activity and fiscal consolidation, which ...

Major Tax Relief for Middle-Class Taxpayers in Union Budget 2025 The Indian government is preparing to announce significant ...

The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, outlines revenue from taxes and borrowings, with ...

3. CIT (A) deleted the addition holding that the discount paid by the assessee to CFSA cannot be held to be interest and therefore, provisions of Section 40 (a) (i) of the Act would not apply.