Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

The Calcutta High Court recently upheld an ITAT order deleting the addition of over ₹4 crore made to the income of an ...

The new income tax bill received clearance from the Union Cabinet last week. Soon, the FM will likely table the same in the ...

Democrats are content to let the 2017 Tax Cuts and Jobs Act expire under the guise of “taxing the rich.” But doing so would hurt Americans at all income levels.

If a property is rented out and has an active home loan, the taxpayer can claim a deduction of up to ₹2,00,000 on the ...

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

Tax simplification should not be seen as a one-time effort but as a continuous process that evolves with changes in the economy, technology, and global practices.

Last week, six councils were allowed to increase council tax above the usual 5% threshold, putting more of a burden onto ...

With the Republican party taking control of not just the White House but both chambers of Congress, the Tax Cuts and Jobs Act ...

The current Income Tax Act (Income Tax Act 1961) has been in force since 1961. Now it will be completely abolished and a new law will be brought, which will be updated as per the current times.

This year, credit union leaders face a pivotal moment—one that could shape the future of our industry for decades to come. The scheduled expiration of key provisions from the ...

Parliament Budget Session 2025, New Income Tax Bill 2025 Live Updates: The Parliament is expected to have another stormy ...