Ultimately, India should get a fair share of tax revenue (from overseas digital firms accessing Indian market), which we are ...

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...

The existing provisions of section 275 of the Act, inter-alia, provide for the bar of limitation for imposing penalties. Section 275 of the Act is having multiple timelines for imposition of penalties ...

Section 194H of the Act requires that any person, not being an individual or a Hindu undivided family, who is responsible for paying, to a resident, any income by way of commission (not being ...

The Income-Tax Department's internal committee has received suggestions to simplify and restructure the old tax law, ...

India announced a series of budget measures, including major investments in agriculture, manufacturing, infrastructure, and ...

The budget on Saturday projected gross tax revenues of Rs 42.70 lakh crore for the upcoming fiscal year, which represents an ...