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

The Indian government is closely monitoring high-value financial transactions using data analytics and inputs from various ...

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

As we approach Budget 2025, it is anticipated that the Government will introduce additional measures to simplify the tax filing procedures for individuals and businesses.

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

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 ...

Multiple amendments such as the recent rationalising of the capital gains regime, withholding tax rates ... and no Indian bank account. This PIN or EVC can then be used to e-verify the returns.

His recent film with Allu Arjun has shattered numerous box office records, grossing more than ₹1800 Core and surpassing Bahubali 2 as the second highest-grossing Indian film of all time.

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

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 ...

On Monday, deputy chief minister, Ajit Pawar urged beneficiaries of the Mukhyamantri Mazhi Ladki Bahin Yojana scheme whose family income is above ₹ 2.5 lakh to voluntarily opt out of the scheme.

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 ...