BasuNivesh1h
Budget 2025 -Whether Rental Income up to Rs.20 lakh is tax-free?
One of my clients recently asked, after Budget 2025, whether Rental Income up to Rs.20 lakh is tax-free. The answer is YES ...
New regime narrows LTCG-regular income tax gap. Are equities still worth it?
Tax breaks introduced in budget 2025 have reduced the tax advantages of equity investments for small and medium investors, ...
Income Tax Bill to make rules simpler, easy to read
The Income Tax Bill, approved by the Cabinet on Friday, will not have any rate surprises. The bill is a major exercise in ...
Canada13h
Income tax rates for individuals
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...
Tax Guru17h
ITAT Mumbai quashes reassessment for invalid Section 151(ii) approval
The Income Tax Appellate Tribunal (ITAT) Mumbai ruled in favor of Ramlal G Suthar, quashing the reassessment order under Sections 147 r.w.s. 1 ...
Newsd18h
Tax Calculation: Understanding Tax Calculation: Gross Income, Taxable Income, and Net Income, What is the difference?
The Union Budget 2025 has introduced new income tax slabs, bringing relief to taxpayers. Finance Minister Nirmala ...
Income Tax Bill News Highlights: Union Cabinet approves new I-T Bill; will be presented in Parliament next week
The Union Cabinet is expected to approve the new Income Tax Bill today, potentially leading to its introduction in the Lok ...
CBDT tax calculator: If your annual salary is Rs 15 lakh, which tax regime should you opt for - new tax or old tax?
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...