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

The Income Tax Department of India has introduced an innovative feature on its e-Filing portal called “Request for Order ...

Additionally, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported progress in developing its e-filing module, with implementation pending security clearance. The Supreme Court ...

Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

While a majority of the middle class is said to benefit out of the new tax regime, it takes away all the exemptions on ...

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the ...

The Income Tax Act, which has been in force in India since 1961, is now on the threshold of change. The government has ...

The Permanent Account Number, also commonly known as PAN, has been an essential part of India’s financial and administrative ...

India has different slabs for people under 60, senior citizens (60-79), and super seniors (80 and above). For example, if you ...

New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer ...