In pay-out type FD like shown in the above table, no TDS will be deducted as the principal and interest amount will remain ...

The Orissa High Court ruled in favor of the petitioner, citing precedents from the Jharkhand High Court and its own past rulings. The court emphasized that since the government had already accepted ...

1. In the present petition, the petitioner is assailing the order dated 22.02.2023 passed by the learned Addl. Chief Judicial Magistrate (Special Court), Cuttack in 2 (c) CC Case 13 of 2023 whereby ...

Cutting tax rates can promote growth, and conversely raising taxes can hinder it—the intellectual heritage of this line of thought stretches back to an 18th century economist. But this theory ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The need of the hour is to expand the tax base because in a country of 140 crore, 3 crore is already abysmally low and it ...

Finance Minister Nirmala Sitharaman optimistic about private investment recovery in India amid tax breaks and interest rate ...

The Budget 2026-27 also seeks to rationalise TDS/TCS provisions to alleviate compliance challenges and other relevant changes ...

Q.I had purchased a residential flat jointly with my wife for a sum of Rs 24 lakh. The payment was to be made in instalments ...

Undisclosed foreign income/assets: Taxpayers will be liable to a penalty of three times the amount of tax that would have ...

Discover the new tax exemption for IFSC-issued life insurance policies under Section 10(10D). Learn who benefits, key changes ...

Your home and personal loan EMIs are set to come down with the RBI governor Sanjay Malhotra announcing a 25 ba ...