Ultimately, India should get a fair share of tax revenue (from overseas digital firms accessing Indian market), which we are ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

An Income-Tax Department internal committee reviewing the old direct tax law to pave the way for a new one has “largely” received suggestions for “simplifying” the language, better “structuring” the ...

Rationalisation of taxation of capital gains on transfer of capital assets by non-residents The existing provisions of Section 115AD of the Act provide that where the total income of a specified fund ...

Section 194 of the Income-tax Act mandates that Indian companies must deduct 10% income tax on dividends paid to shareholders who are residents in India, before making any payment. The first proviso ...

The Union Budget 2025-26 has some sops for the startup ecosystem in relation to funding and extending the period for some tax ...

Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

Budget 2025 amends Section 23 of the Income Tax Act, allowing taxpayers to claim the annual value of up to two self-occupied ...

The budget did not make any changes to the 30 per cent tax on crypto income or the 1 per cent TDS on crypto transactions, ...

There are a variety of TDS provisions applicable with different rates and different thresholds. There are about 33 Sections ...

In the Finance Act, 2020 a new Section 115BAC was inserted as part of the Income Tax Act, 1961 (the Act) with a view to ...

“It is proposed to extend the tax benefits available to the National Pension Scheme (NPS) under sub-section (1B) of section ...