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 language and concise sentences, ...

Survey statements cannot be only basis for making addition and the AO has to make independent enquiry and bring some corroborative material on record to support those additions Income Tax Appellate ..

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

Latest income tax slabs 2025-26 post Budget 2025: Finance Minister Nirmala Sitharaman announced zero tax for individuals earning up to Rs 12 lakh in Budget 2025, with marginal relief for those ...

Days after the Centre provided income tax relief to the middle class ... Total toll collection in India - which has the second largest road network and its National Highways span a total length ...

The Union Budget 2025-26 has proposed to raise the basic exemption limit to INR 4 lakh, up from the previous limit of INR 3 lakh. Similarly, it raised tax slab rates for salaried individuals and ...

The "issue regarding misclassification is an interpretational issue", Kia said in a statement, adding that the company has submitted a detailed response to the tax authorities who are still ...

fabricated and incendiary statements using social media and other communications while she is in India”. After Hasina fled to India last August, authorities filed dozens of criminal and other ...

NEW DELHI, Feb 5 (Reuters) - Foreign companies have often struggled in India due to high tax demands related to duty evasion on imports or levies payable on big M&A transactions, leading to ...

handed over to the Acting High Commissioner of India in Dhaka, the Ministry conveyed the deep concern, disappointment and serious reservation of the Government of Bangladesh, as such statements ...

India’s personal income tax system has undergone substantial revisions with the Union Budget announced on February 1, 2025. These changes only impact taxpayers opting for the new tax regime. We ...