As India moves closer to a major tax overhaul, the new Income-Tax Bill 2025 seeks to simplify the tax structure and to make ...

Domestic shipping companies in India are set to benefit from the proposed expansion of the tonnage tax scheme in the new ...

India’s direct tax collections have recorded 19.06 per cent year-on-year (YoY) growth, reaching Rs 21.88 lakh crore in the ...

The main objective of the new income tax bill is to streamline the existing Income Tax Act of 1961 to enhance comprehension of income tax laws among the general public and minimise legal disputes.

The number of income tax return (ITR) filings in India has increased over the past five years, with state-wise and year-wise data highlighting the trend. A significant portion of these filings result ...

The introduction of the Income Tax Code 2025 marks a significant overhaul of India’s taxation framework, consolidating and amending the previous laws to enhance clarity, ...

Budget 2025 focusses on providing relief to the middle class, while keeping its eye on development. Will it spur demand?

According to experts, the new bill, which seeks to replace replace the six-decade old Income Tax Act, 1961, doesn't make any ...

In tax legislation, sections are individual provisions that outline specific rules, obligations or rights, and serve as the ...

Kerala High Court held that recovery of tax arrears by income tax department from property that was already auctioned by Kerala General Sales Tax Act, 1963 [KGST] to realize tax payable under KGST is ...

Carmakers and local authorities in India are embroiled in $6 billion worth of tax disputes spanning years of scrutiny by the ...