After providing a big relief to the Indian middle class in the Union Budget 2025-26, the government is all set to present a new Income Tax Bill this week which would further simplify the entire ...

The Finance Bill, 2025, introduces significant changes to penalty provisions under the Income Tax Act. Sections 271C, 271CA, 271D, 271DA, 271DB, and 271E will now allow penalties to be imposed by the ...

The amendment in the Finance Bill 2025 provides some relief to taxpayers by offering them a second chance to comply with the ...

The Karnataka High Court has refused to quash prosecution initiated by the Income Tax Department against an assessee who had ...

The new Income Tax Bill introduced on February 6, aimi to replace the outdated 1961 law with a simplified system tailored for ...

Budgets usually witness a few days of number-crunching and reading the fine print, before markets settle down. In this case, ...

The Delhi High Court has held that the fees paid by IPR law firm Remfry & Sagar to acquire the goodwill vested in a company run by the family members of its deceased founder, is a business ...

Finance Minister Nirmala Sitharaman had in July last year announced a comprehensive review of the Income-tax Act 1961.

Draft Bill likely to provide directions to widen tax net, given the contraction in tax base following the new exemption ...

Finance Bill 2025 proposes removing Sections 206AB and 206CCA of the Income-tax Act, which currently mandate higher tax deduction (TDS) and tax collection (TCS) rates for non-filers of income tax ...

India's Finance Minister Nirmala Sitharaman revealed significant changes to the country's tax laws, which will now encompass cryptocurrencies under Section 158B of the Income Tax Act. This section ...

The Union Budget 2025 has changed the way Tax Deducted at Source (TDS) applies to winnings from lotteries and horse racing.