
The ITR filing utilities stopped allowing taxpayers to claim rebate under 87A for various special rate incomes including short-term capital…
Clubbing of income is done to ensure taxpayers do not avoid paying their tax liabilities through moving of incomes of…
It is important to highlight that Section 115BAC of the I-T Act, which pertains to the New Tax Regime, is…
The concept of Previous Year and Assessment Year, thus, were creating confusion in the minds of taxpayers as they represented…
As the current financial year nears its end, taxpayers rush to maximize deductions and minimize liabilities. Here are some last-minute…
The Income Tax Bill 2025 has several aspects to be considered by the Non-Resident Indians as Clauses replace Sections.
Tax experts said based on an initial review, the new Income Tax Bill does not seem to introduce any significant…
The investors’ focus towards making the most of the market fall in January can also be gauged from the fact…
Aimed at overhauling the nation’s tax system, the Income Tax Bill 2025 seeks to eliminate obsolete sections that have accumulated…
The New Income Tax Bill aims to simplify and modernize India’s tax structure, making compliance easier for taxpayers while ensuring…
The new income tax bill is likely to bring a transformative shift in India’s taxation system by focusing on simplification…
The revised tax system is set to be implemented starting from the fiscal year 2025-26, affecting taxpayers in the assessment…
The new income tax law will replace the existing Income Tax Act of 1961. The tax Bill is being brought…
Sitharaman announced in her budget speech that the new Income Tax Bill will be introduced in Parliament “next” week. The…
The Union Budget 2025 has brought meaningful relief for senior citizens enhancing their financial security.
The new structure will significantly enhance the accessibility of the middle class by leaving them with more disposable income.
Not all your incomes qualify for the rebate benefit under Section 87A. Income from capital gains, lotteries, and other categories…
Tax Calculator: Marginal relief prevents individuals earning slightly above Rs 12 lakh from facing disproportionately high tax liabilities. It ensures…