The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

Married couples need to determine which tax regime offers lower tax liability for each spouse considering their income ...

Assam Police has destroyed 170 Bighas of illegal poppy cultivation worth Rs 27.20 crore in Goalpara district. Assam Chief ...

The Union Budget 2025 will be presented today by finance minsiter in Parliament at 11 AM. There is an expecation among salaried taxpayers and middle class for income tax relief in the form of income ...

Completing tax return without Form 16 can be confusing. Here is how you can easily file it when you don't have one.

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Vikki ...

Can Trump really do that, unilaterally, as president? It turns out he can, under a 90-year-old provision of the US tax code - Section 891. In an executive memo signed on January 20 outlining his ...

However, there was no change in tax slabs. A new tax regime was introduced in the year. Taxpayers could now choose between the old and new tax regimes. During her budget speech on July 23, 2024, ...

The new regime offers simplicity and lower tax rates, while the old regime provides benefits for those with significant deductions. Review your financial situation carefully to make an informed ...

Before proceeding further, let us first understand the tax exemptions which are allowed under the old regime but not in the new tax regime. Although there are a few exemptions that are given under ...

Since its launch, there has been ongoing debate and speculation about whether the government should completely scrap the Old Tax Regime or phase it out gradually. Speculation also surrounds the ...

A favorable tax regime encourages corporations to establish special purpose entities in Luxembourg. One benefit is the lack of withholding taxes on interest payments and royalty payments ...