The bill has been drafted in six months, incorporating changes to tax rates, slabs, and TDS provisions announced in the Union ...

The new income-tax bill is likely to be approved by the Union Cabinet on Friday, according to sources. After the Cabinet’s ...

The new tax regime has become even more attractive after the announcements made in Budget 2025. There is now no income tax ...

MUMBAI: Observing that it was disturbed by the shabby and insensitive treatment meted out to a senior citizen over the return ...

The Government of India has taken steps to decriminalize minor offenses in direct tax matters, particularly benefiting small and medium businesses. The Finance Act, 2023, introduced a sunset clause in ...

The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers ...

The income tax department will collaborate with the Food Ministry to eliminate ineligible beneficiaries of the Pradhan Mantri ...

Central Board of Direct Taxes (CBDT) has clarified that marginal relief applies to incomes up to Rs 12.75 lakh. This means ...

With no tax for income under ₹12 lakh, you have a higher incentive to opt for the new tax regime. This means your incentive ...

The DGIT (Systems) and the DFPD will determine the frequency and mode of data exchange. A Memorandum of Understanding (MoU) will outline the data transfer process, confidentiality measures, safe data ...

Tax reforms are a key feature of the Union Budget, as it has an impact on what the rest of the economy does and for the first ...

In an interview to TOI, chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal says he is confident that direct ...