India's economic growth is stalling as consumer demand is slowing. The broad expectations from the budget include a boost to consumption through corporate and personal tax cuts. Plane collides ...

In the amended income tax returns form to be submitted there should be allowance for showing and taking deduction for agriculture income (an example). So, India Income Tax authorities should be ...

Your payday could get a bump this year now that the Internal Revenue Service's updated income tax brackets and higher standard deductions have taken effect. Depending on your income level ...

India’s taxpayers are hopeful that the Union ... immediate financial relief by enabling them to reduce their taxable income by offsetting everyday expenses. Introduction of a direct tax code: There is ...

Image Source : SOCIAL Tourist Tax: 6 common types of taxes to watch out for. Direct or indirect taxes are something that adds to the cost of your trip, which is why one needs to plan the trip wisely.

James Wilson was sent to Queen Victoria to India to reform the financial system to establish a tax structure and introduce a new paper currency following the failed rebellion. One of his major ...

Queen Victoria sent James Wilson to India to reform the financial system, introduce a tax structure, and implement a new paper currency. One of his key initiatives was the introduction of income ...

A seemingly routine ruling by India’s top tax officials went off like metal in a microwave. The government laid out a three-tiered system for taxing popcorn depending on if it is packaged or ...

The Income Tax department raided the homes and offices of producers linked to Pushpa-2 and Dil Raju in Hyderabad, probing potential tax evasion. The Income Tax department conducted raids on ...

Another important expectation relating to income tax is the introduction of the Direct Tax Code (DTC) in Budget 2025. The DTC aims to simplify India’s intricate tax system, making it more accessible ...

With the Budget 2025 approaching, discussions have surfaced about potential income tax relaxations as the center plans to incentivise the new tax regime which offers lower rates but fewer exemptions ...