In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG ...

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

Amit Kumar Gupta, a legal practitioner at the Supreme Court of India, even thought the Indian government was overly strict when setting up crypto regulations, describing the rules as “draconian”. He ...

India’s finance minister Nirmala Sitharaman has disclosed that digital assets should be added under undisclosed income in a ...

etc requirements There is no doubt that the Indian Income Tax Act is a regressive legislation exempting one class of income earners from income tax (agriculture income, many of whom will not be ...

Budget 2025: The upcoming Union Budget is seen with high hopes from Non-Resident Indians (NRIs), with a focus on simplifying the 182-day residency rule and easing Tax Deducted at Source (TDS) ...

The Union Budget 2024-25 is just around the corner, and as Finance Minister Nirmala Sitharaman prepares to unveil the roadmap for India’s economy ... comprehensive review of the six-decade old Income ...

For the resident landlord, they can directly file the withholding tax return and pay taxes online via their e-filing account. Also read: What NRIs need to know about Indian income tax rules Ease ...

The issue is whether the capital gains arising from the sale of Bitcoin ETFs should be subject to taxation under Section 115BBH, Section 50AA, or Section 112 of the Indian Income Tax Act, 1961. Getty ...

A seemingly routine ruling by India’s top tax officials went off like metal in a microwave. The government laid out a three-tiered system for taxing popcorn depending on if it is packaged or ...

The Income Tax department raided the homes and offices of producers linked to Pushpa-2 and Dil Raju in Hyderabad, probing potential tax evasion. The Income Tax department conducted raids on ...

The direct tax code (DTC) aims to simplify India's intricate tax system ... to replace the existing Income-tax Act, 1961. "As the new Direct Tax Code is in the works, the upcoming budget may not ...