Trivedi said that Delhi has around 10 million middle-class residents, and of 3.6 million tax-payers, 85% will not have to pay ...

A key driver of this effort is a demand push through cuts in personal income tax rates under the new tax regime ...

While the budget’s announcement of nil tax for taxable income up to Rs 12 lakh seemed like a win for many, it introduced an ...

Prime Minister Narendra Modi met Finance Minister Nirmala Sitharaman after her Union Budget speech on Saturday and praised her. In a video, PM Modi can be seen walking up to the Finance Minister's ...

While experts indicate the tax initiative may also boost used-car sales, companies like passenger vehicle (PV) market leader ...

Budget 2025 extends the time limit for filing updated ITRs from 24 months to 48 months, but taxpayers filing late may have to ...

These amendments aim to eliminate ambiguity and ensure uniformity in calculating the limitation period for tax proceedings. Most of the changes will take effect from April 1, 2025, while some ...

Vide Finance (No. 2) Act, 2024, the concept of block assessment was introduced by amending provisions of Chapter XIV-B (sections 158B to 158BI of the Act) to be made applicable where a search under ...

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

The Finance Minister has adjusted tax slabs for the middle class in the new tax regime, offering greater savings and tax ...

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 ...

Tax season is underway, and the IRS expects 140 million people will file returns by April 15. Here's what to know.