Section 80C of the Income Tax Act provides tax benefit for equity-linked savings schemes. As the returns under the investment ...

Budget 2025 income tax expectations: Experts predict that due to the government's focus on promoting the new tax regime, the old income tax regime might remain unchanged. Currently, the new tax ...

Finance Minister Sitharaman announced a substantial tax benefit, ensuring that individuals earning up to Rs 12 lakh annually ...

"Address inflation by increasing the exemption limit under the income tax regime. A rise to ₹4 lakh is essential, while many taxpayers hope for a ₹10 lakh ... loans under Section 24(b).

Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is because to get this tax ...

Budget 2025: A list of income tax ... % for short-term and 10% to 12.5% for long-term), the tax paid when buying and selling stocks (STT) should be removed. Revising the Section 80C limit ...

The Income-tax Act's section 10(4E) previously limited exemptions on income from derivative transactions to non-residents ...

In Budget 2024, FM Sitharaman increased the standard deduction for those who opted for the new tax regime to Rs 75,000 ...

ITAT Raipur held that exemption under section 11 and section 12 of the Income Tax Act not admissible to assessee society due to non-furnishing of return of income as required u/s. 12A (1) (b) of the ...

Period of registration of smaller trusts or institutions – To reduce the compliance burden for the smaller trusts or institutions, it is proposed to increase the period of validity of registration of ...