Perquisites and Profits in Lieu of Salary are important components of taxable income under the Income Tax Act of 1961. These refer to additional financial benefits, compensations, or payments that an ...

To strengthen the tax system in the country, the government has changed the tax slab system under the new tax regime. It will ...

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...

Kolkata recently allowed the appeal of Terai Fruits Company in a case concerning a penalty levied under Section 270A of the Income Tax Act. The case originated from a reassessment proceeding where the ...

And this is important because India’s ‘viksit’ dreams cannot be achieved by making its masses splurge in malls or on ...

FM Sitharaman had first announced a comprehensive review of the Income-tax Act, 1961 in July 2024 Budget.

This year the Union Budget 2025-26 was presented in the backdrop of a slowdown in economic growth, which is mainly due to ...

PPF is one of the most popular long-term saving schemes. The tenure is 15 years, with an option to extend in 5-year blocks.

The British rock band Coldplay recently performed in India, with concerts held in Navi Mumbai and Ahmedabad. The DY Patil ...

Retail inflation, which is what the RBI tracks, is expected to come in at 4.8%- 4.9% in FY25, more or less in line with the ...

The message from India’s Budget 2025 was subtle, yet clear: the middle-income class has to spend more to boost corporate ...