New Income Tax Bill: What taxpayers want from Modi government’s latest Income Tax Act - KPMG survey reveals
In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG ...
What Is The New Income Tax Bill 2025? Explained
Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...
12 lakh ITR filers for FY2023-24 have not got tax refund despite income tax dept releasing it: Check how to fix issue
Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...
Impacts12d
ITR Filing Made Simple: Your Easy Guide to Tax Return Submission
Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.
Indiatimes16d
Individuals income tax – PAN cards and income tax returns
In the amended income tax returns form to be submitted there should be allowance for showing and taking deduction for agriculture income (an example). So, India Income Tax authorities should be ...
moneycontrol.com19d
Will Budget 2025 lay the roadmap for a simplified income-tax system?
Multiple amendments such as the recent rationalising of the capital gains regime, withholding tax rates ... and no Indian bank account. This PIN or EVC can then be used to e-verify the returns.
Koimoi19d
Pushpa 2 Director Sukumar’s House & Office Raided By Income Tax Officials
His recent film with Allu Arjun has shattered numerous box office records, grossing more than ₹1800 Core and surpassing Bahubali 2 as the second highest-grossing Indian film of all time.
Indiatimes19d
Income tax on Bitcoins: Will Budget 2025 hike tax on Bitcoin ETF to flat 30% from 12.5% currently?
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 ...
Wall Street Journal19d
A ‘National Tragedy’ in India: Popcorn Is Taxed Three Ways
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 ...
Hindustan Times19d
Maha, MP to verify beneficiaries of cash allowance schemes
On Monday, deputy chief minister, Ajit Pawar urged beneficiaries of the Mukhyamantri Mazhi Ladki Bahin Yojana scheme whose family income is above ₹ 2.5 lakh to voluntarily opt out of the scheme.
Hindustan Times19d
Income Tax raid at offices, homes of ‘Pushpa-2’ producers
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 ...
Reuters20d
US and India discuss concerns about 'irregular immigration,' State Department says
WASHINGTON, Jan 21 (Reuters) - U.S. Secretary of State Marco Rubio discussed with his Indian counterpart, Subrahmanyam Jaishankar, concerns related to "irregular migration" on Tuesday, the State ...