Tax Reform
The government’s new Income Tax Bill promises to streamline taxation with simpler language and fewer sections.
The government’s new Income Tax Bill promises to streamline taxation with simpler language and fewer sections.
Budgets come and go leaving behind a sea of unfulfilled expectations of taxpayers. However, Budget 2025 will long be remembered as one of the few Budgets that warmed the cockles of middle-class hearts.
A pre-budget survey reveals that individual taxpayers want relief on the personal tax front to increase their disposable income in Budget 2025-26 to be presented in Parliament by Finance Minister Nirmala Sitharaman on February 1.
The Centre on Friday cautioned citizens against fraudsters issuing fake and fraudulent summons for Goods and Services Tax (GST) violations.
Failure to disclose assets held abroad or income earned on foreign shores in the ITR can attract a penalty of Rs 10 lakh under the anti-black money law, the Income-Tax (I-T) Department cautioned taxpayers on Sunday.
Finance Minister Nirmala Sithraman said in the Parliament on Wednesday that the primary aim of the Union Budget for 2024-25 is to simplify the tax regime and ensure equitable treatment of all asset classes, as she confirmed the relaxation of the real estate indexation rules.
The American Dream is believed to be the national ethos of the United States. Of course, not all Americans agree. Ta-Nehisi Coates, author of Between the World and Me, says, historians conjured the American dream, Hollywood fortified that dream.
As per the provisions of Section 114 of the DMC Act, 2003 (Amended), all buildings and vacant land falling under the jurisdiction of the MCD are liable to pay property tax, it said.
Days after several income tax payers had received notices for wrongly claiming tax deductions under Section 80 P, the Income…
The president was speaking to officer trainees of the 76th batch of the IRS and Assistant Executive Engineers of CPWD (2020 and 2021 batches) who called on her at the Rashtrapati Bhavan.
