With the intention to build good will and educate taxpayers of their tax obligations, the Bureau of Internal Revenue in Central Visayas -7 launched the week-long Friendly Tax Compliance Verification ...

Net direct tax collection grew 14.69 per cent to over ₹17.78 lakh crore so far this fiscal, government data showed on Tuesday ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

The AO initially passed an assessment order, making additions related to transfer pricing adjustments and disallowance under Section 14A. Subsequently, the assessment was reopened under Section 147 ...

The Union Cabinet is expected to approve the new Income Tax Bill today, potentially leading to its introduction in the Lok ...

Summary: Effective from September 1, 2024, the Budget 2025 amendments introduce block assessment procedures for search cases under Sections 158B to 158BI of the Act. A block period now includes six ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

Leading Tax Software Provider Expands to Support Businesses Adapting to the Country’s New Corporate Tax Regime ...

The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers opted for the new regime. There is an expectation that nearly 90 percent of ...