Union Finance Minister Nirmala Sitharaman presenting the Union Budget in Parliament (Photo: PTI) Parliament Budget Session ...

The new Income Tax Bill, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, making it more streamlined and transparent.

Parliament is likely to see another stormy session as Finance Minister Nirmala Sitharaman might table the New Income Tax Bill ...

Budget 2025 has brought about changes to Ulips, tax on NPS Vatsalaya and for filing of updated income tax returns. Read our ...

The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

It missed a chance to level the field for citizens vis-a-vis big businesses—which have contributed little to India’s economic ...

Union government collects ₹100 in taxes, but ₹10-11 is collected as cesses, surcharges, and cost of collection.

The financial landscape is changing, and young Indians are approaching wealth in new ways. Gen Z is rewriting the rules with ...

The AO initially passed an assessment order, making additions related to transfer pricing adjustments and disallowance under Section 14A. Subsequently, the assessment was reopened under Section 147 ...

While India seeks to counter global headwinds and uncertainties that can mar its economic growth, it should ensure the boost ...

India’s 2025 budget cuts taxes to boost spending, but can it offset slowing growth amid inflation, weak demand, and global ...