Finance minister Nirmala Sitharaman has announced income tax exemption for individuals earning up to Rs 12 lakh annually under ... Act concise, clear, and easy to understand, which will reduce ...

At least one rule enshrined by President Biden's administration appears safe under President Trump's team. Here's how a 2019 ...

Latest income tax ... be no income tax payable upto income of Rs 12 lakh (i.e. average income of Rs 1 lakh per month other than special rate income such as capital gains) under the new regime.

The government has introduced a new Section-285BAA under the Income Tax Act of 1961, which makes it mandatory for investors to furnish details of their crypto transactions. They also included ...

At the heart of the dispute lie Kia's imports of parts of a car in separate shipments to assemble the vehicles in India, paying a lower tax applicable, circumventing the higher tax outgo when ...

The TAS Act aims to modernizing the IRS, has bipartisan support and open for public comment until March 31, 2025.

Under this system, the highest 30 percent tax slab still starts at Rs 10 lakh, but deductions can significantly lower taxable income. Balancing tax relief and revenue collection While the ...

The new regime has brought the tax slabs down for the middle-income and low-income earners. Union Budget 2025 Highlights: According to the Income Tax Act of 1961, eligible taxpayers get a total ...

Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their ...

The Indian arm of the automaker, Skoda Auto Volkswagen India Pvt Ltd has reportedly told the Mumbai High Court that the tax dispute poses a risk to the OEMs investments of USD 1.5 billion in the ...

At the heart of the dispute lie Kia's imports of parts of a car in separate shipments to assemble the vehicles in India, paying a lower tax applicable, circumventing the higher tax outgo when parts ...

Punjab and Khyber Pakht­unkhwa had already passed the amended agricultural income tax law that was a part of the federal government’s commitments under the ... Income Tax Act Bill 2025 was ...