Agrawal discussed a range of topics, including framing of tax proposals, and why he feels most taxpayers would opt for the ...

Budget 2025 extends the time limit for filing updated ITRs from 24 months to 48 months, but taxpayers filing late may have to ...

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

Vide Finance (No. 2) Act, 2024, the concept of block assessment was introduced by amending provisions of Chapter XIV-B (sections 158B to 158BI of the Act) to be made applicable where a search under ...

Section 194-I of the Act requires that any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any income by way of rent, shall deduct income-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 ...

The government has proposed an amendment to the Income Tax Act, requiring designated reporting entities to disclose transaction details of virtual digital assets (VDAs).

India will impose tax penalties of up to 70% on undisclosed crypto gains as part of new regulations under Section 158B of the Income Tax Act. Cryptocurrency traders in India may face significant tax ...

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

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

It appears they are prepared to do so at the expense of the poor and middle class, by yanking health care coverage from ...

Finance Minister Nirmala Sitharaman said that the the tax proposal will allow people to have more money in their hands.