The New Income Tax Bill will not change the existing tax slabs but will replace the present concept of assessment and ...

Different indirect taxes were subsumed in the Goods and Services Tax, which took effect on July 1, 2017. The new Income Tax Bill aims to do the same with the current Income Tax Act. The new tax bill ...

India’s formal income tax system was first introduced in 1860 by the British to recover losses from the 1857 rebellion. The Income Tax Act was enacted in 1886 and has since undergone multiple ...

Illustration: Dominic Xavier/Rediff.com India's tax system is set for a major overhaul with the introduction of the Direct Tax Code (DTC) 2025, which will replace the decades-old Income Tax Act of ...

Cryptocurrency traders in India may face significant tax penalties on previously undisclosed profits under new amendments to the country’s tax laws. Cryptocurrencies will be included under ...

The Bill will include the recent changes in income tax rates, slabs and TDS (Tax Deducted at Source) provisions will also be ...

Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through ...

Reliance’s ability to legally avoid corporate income taxes for 30 years demonstrates the company's strategic financial acumen ...

Key changes affecting NRIs include greater scrutiny of foreign-earned income. The Indian government will implement enhanced data-sharing agreements with countries involved in Double Tax Avoidance ...

In a major relief to millions of taxpayers, the government has raised income tax exemption limits ... creation, India has had to continue a delicate balancing act between pushing economic growth ...

Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth NEW DELHI (AP) — Indian Prime Minister Narendra Modi’s government presented an annual budget ...