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

After a major budget that saw the FM making some crucial announcements regarding direct taxation in India, the New Income Tax ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

In the amended income tax returns form to be submitted there should be allowance for showing and taking deduction for agriculture income (an example). So, India Income Tax authorities should be ...

there is a unique opportunity to introduce reforms that can address critical gaps in India’s tax framework. Here are three pivotal changes that can make a difference. Raise Threshold For The 30% ...

Your payday could get a bump this year now that the Internal Revenue Service's updated income tax brackets and higher standard deductions have taken effect. Depending on your income level ...

These changes, ranging from reduced corporate tax rates to new personal income tax brackets and a revamped oil and mining regime, will impact businesses and individuals differently, depending on ...

The income tax department has come out with a fresh guidance note on the applicability of the Principal Purpose Test (PPT) for claiming tax treaty benefits, which will apply prospectively.

Finance Minister Nirmala Sitharaman is set to present the Union Budget on February 1, 2025, with the salaried class eagerly anticipating potential adjustments to income tax slabs and rebates that ...

These changes, ranging from reduced corporate tax rates to new personal income tax brackets and a revamped oil and mining regime, will impact businesses and individuals differently, depending on their ...

A seemingly routine ruling by India’s top tax officials went off like metal in a microwave. The government laid out a three-tiered system for taxing popcorn depending on if it is packaged or ...

The Income Tax department raided the homes and offices of producers linked to Pushpa-2 and Dil Raju in Hyderabad, probing potential tax evasion. The Income Tax department conducted raids on ...