CNN-News1823d
Budget 2025: Will FM Nirmala Sitharaman Further Incentivise New Income Tax Regime? Know Key Expectations
Following this, the review committee was constituted led by Chief Commissioner of Income Tax V K Gupta. According to a PTI report on Sunday, the government is likely to introduce the new income tax ...
Indiatimes24d
Relief for more taxpayers in Vivad Se Vishwas Scheme: Govt removes these difficulties in applying for closure of income tax dispute cases
G V Gopala Rao, Director of Tax Advisory, Fox Mandal & Associates LLP and retired Chief Commissioner of Income Tax, Mumbai said, "The Direct Tax Vivad se Vishwas Scheme, 2024, provides for dispute ...
Tax Guru24d
Deduction u/s 80IA Allowed despite Late Filing of Form 10CCB as It was Directory, Not Mandatory
FULL TEXT OF THE ORDER OF ITAT KOLKATA The present appeal filed by the assessee is directed against the order dated 27.03.2024 of the Commissioner of Income Tax (Appeal), Addl ... the total income the ...
The Free Press Journal6d
Mumbai: CBI Registers Case Against 9 Accused, Including Dy Commissioner And Income Tax Inspectors, Over Alleged Sabotage Of Faceless Scheme
Mumbai: The Central Bureau of Investigation (CBI) has registered a case against One Deputy Commissioner (IRS)(IT) & two Inspectors of Income Tax Department, five Chartered Accountants and one ...
Mint4d
The income tax gambit to ramp up India’s growth
Reportedly, approximately 544,000 appeals are currently pending before the Commissioner of Income Tax (Appeals) alone, with the disputed amount standing at ₹10.6 trillion. To address the backlog ...
Business Today5d
Tax calculations: Taxable income vs gross income vs net income - know how to calculate your actual tax outgo
Tax calculation: In Budget 2025, the Finance Minister announced that no income tax is payable up to an annual income of Rs 12 lakh, providing a tax rebate for individuals earning up to this amount.
India TV25d
Budget 2025: Big relief for taxpayers? Government likely to introduce new Income Tax Bill, say sources
Image Source : PTI/FILE PHOTO Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chairs the eighth pre-Budget consultation with the stakeholders and representatives from the trade ...
Income Tax Bill 2025 vs Income Tax Act 1961: What all has changed under the new bill; check FAQs
The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...
Mint27d
This farmer lost lakhs on F&O trading. He now faces a ₹69 crore tax demand.
“I had just ₹6,500 in my bank account," he said. AN is in the process of filing an appeal to the Commissioner of Income Tax Appeals (CIT(A)) to dispose of the appeal as soon as possibl ...
Hindustan Times24d
Budget 2025: How is the new income tax slab different from old version?
Union Budget 2025: Last year, Sitharaman in her budget speech proposed a new tax structure under the new income tax regime. Finance minister Nirmala Sitharaman will present the Union Budget on ...
Indiatimes13d
Budget 2025 income tax: Raise 30% income tax slab; provide flat 30% deductions on gross income - here’s why
Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...
The Washington Post28d
IRS commissioner to resign as Trump eyes replacement
Danny Werfel, the commissioner ... page backlog of tax filings and slashed wait times on customer service helplines. New funding for stricter scrutiny of high-income taxpayers and major ...