In the 2025-26 budget, the Government of India has abolished TCS i.e. tax deduction at source on paying the college fees of children studying abroad by taking a loan. Union Budget 2025: Nirmala ...

Finance minister Nirmala Sitharaman announced significant tax relief in the Union Budget, raising the nil-tax threshold to Rs 12 lakh, relieving nearl ...

Union Finance Minister Nirmala Sitharaman's eighth Budget emphasizes tax reforms to benefit businesses. Key updates include ...

The rise in the Tax Collection at Source (TCS) exemption limit on foreign remittances from Rs 7 lakh to Rs 10 lakh will ...

Some tax relief measures have been introduced in the budget for senior citizens, including an increased tax deduction limit ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

Section 206C (1) mandates the seller to collect tax at source (TCS) from buyer, at specified rates, on sale of specified goods such as alcoholic liquor, timber, tendu leave, any other forest produce ...

For a middle-class that is struggling with tight cash flows and higher taxes, the finance minister has come with a bunch of ...

Budget 2025 simplifies tax rules and provides major relief to taxpayers. The new tax slabs, second-home exemption, senior ...

Under Section 80-IAC, the income of any three continuous years out of the initial 10 years of a registered startup is ...

The higher disposable income resulting from lower tax incidence should ideally find its way into investing more towards ...

The forthcoming income tax Bill could be a revolutionary step to open a new chapter in India's fiscal narrative. It is poised ...