3. CIT (A) deleted the addition holding that the discount paid by the assessee to CFSA cannot be held to be interest and therefore, provisions of Section 40 (a) (i) of the Act would not apply.
With the US import tariff hike looming large, India has said it is not a tariff king. In a recent interaction with TNIE, ...
The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax ...
When the money comes back to the government, it can gravitate towards only a few sectors or industries...When it goes to the ...
A key highlight of the new policy is that beer, liquor, and wine will now be sold from a single counter, according to sources ...
The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...
The revised estimate for 2024-25 proposes a budget of Rs 2099.93 crore, while the budget estimate for 2025-26 allocates Rs ...
If implemented, this initiative could be a game-changer. Industry insiders estimate that Bangladesh could save $1 billion in foreign currency annually by reducing its reliance on imported APIs ...
Dubai has long been known for its futuristic skyline and economic prosperity, but its tax-free earnings policy makes it an ...
The Union Budget for FY2026 attempts to strike a balance between supporting economic activity and fiscal consolidation, which ...
During the Mughal era, budgets were prepared by gathering information about land and its production to determine taxes, and ...