Taxpayers should note the revised tax slabs and rates announced in Budget 2025-26 will only be applicable for the Financial ...

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...

In the new tax regime, the government has made major changes in the income tax slab. In this, the income exemption for ...

For high earners, the new tax regime generally offers more savings, but those with significant deductions may still prefer ...

The Delhi High Court found that the reassessment notice under Section 148 issued for the assessment year 2016-17 was indeed time-barred, as the prescribed limitation period had expired on 31.03.2023.

Nageswaran highlighted that the growth in public capital expenditure may not be able to naturally maintain the same pace of ...

The new Income Tax Bill introduced on February 6, aimi to replace the outdated 1961 law with a simplified system tailored for ...

New tax regime benefits individuals earning 12-24 lakh rupees annually, saving up to 1.1 lakh rupees in income tax.

Be it tax reforms under the new tax regime or exempting second property from tax for notional rental income are some of the key announcements made by Finance Minister Nirmala Sitharaman.

After providing a big relief to the Indian middle class in the Union Budget 2025-26, the government is all set to present a new Income Tax Bill this week which would further simplify the entire ...

Ravi Agarwal, Chairman of the Central Board of Direct Taxes, says Income Tax Act simplified by 50% in new draft bill with ...

The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions ...