Dubai: After raising the no income tax limit for residents to Rs1.2 million, India has now brought out an updated Income Tax Bill – and made the whole process of tax filings much simpler. “The Rs1.2 ...

When the Income Tax Act of 1961 came into being it had 880 pages. Over the years, the act contained several amendments introduced in the various budgets.

After a major budget that saw the FM making some crucial announcements regarding direct taxation in India, the New Income Tax bill is all set to become the next big move in the Indian taxation realm.

I have gifted some money to my daughter when she turned 16. We both are residents. I have set up her custodial account in US for investment in Nasdaq-listed stocks from this gifted money.

Only Indian residents can open a PPF account. It has a minimum tenure of 15 years. The principal amount invested and the interest earned on the PPF are tax-free. Let’s find out how can you generate Rs ...

The main objective of the new income tax bill is to streamline the existing Income Tax Act of 1961 to enhance comprehension of income tax laws among the general public and minimise legal disputes.

The Government of India ... make certain tax-deductible investments like contribution to provident fund, payment of medical insurance premium, etc., and at the time of filing the income tax ...

A dedicated webpage was launched on the income tax e-filing website on October 6, 2024, for submitting suggestions. The new Income Tax Bill is being introduced to simplify the income tax laws, ...

With all eyes on the new Income Tax bill which is slated to be tabled in the Parliament this week. Sources in the know of the ...

However, when companies go global, they encounter a maze of tax laws. Here, a comprehension of Indian tax laws pertaining ... The recovery requires filing the forms under the respective DTAAs and the ...