Section 194 of the Income-tax Act mandates that Indian companies must deduct 10% income tax on dividends paid to shareholders who are residents in India, before making any payment. The first proviso ...
The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs 12 lakh annually to pay zero income tax under the new regime. This move aims ...
The Finance Bill 2025 proposes extending the tonnage tax scheme to inland vessels, registered under the Inland Vessels Act, 2021, in an effort to boost India’s inland water transportation industry.