The Union Budget will be presented today, Saturday, February 1, at 11:00 AM. This would be FM Nirmala Sitharaman's 8th budget speech. With taxation and the well-being of the middle-class becoming the ...

The government is set to overhaul India's tax system with the introduction of the Direct Tax Code (DTC), aimed at simplifying compliance, reducing ambiguities, and boosting digital integration. While ...

Finance Minister Nirmala Sitharaman is reportedly going to announce a new bill introducing a new income tax system to simplify tax laws. But what do we know so far?

In the case of Ugar Sugar Works Limited Vs ACIT, the Bombay High Court quashed a reassessment order passed by the Income Tax ...

In Bharat Shetty Vs ITO (ITAT Lucknow), the ITAT Lucknow addressed the issue of limitation for filing an appeal in light of the COVID-19 pandemic. The assessee had filed an appeal against an order ...

FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and cut the Income Tax Act, 1961's page-count by as much as 60 per cent.

FM Nirmala Sitharaman mentioned nine priorities as part of the roadmap for the pursuit of 'Viksit Bharat' and had said ...

The re-elected government initiated a revamp of the Income-Tax Act to simplify and ease compliance with TDS provisions. With Budget 2025 approaching, ...

In Budget 2024, FM Sitharaman increased the standard deduction for those who opted for the new tax regime to Rs 75,000 ...

House of Representatives Majority Leader Steve Scalise (R-LA) recently told The Floridian’s Javier Manjarres that Republicans intend to enshrine President Don ...

The Union Budget 2025 will be presented today by finance minsiter in Parliament at 11 AM. There is an expecation among salaried taxpayers and middle class for income tax relief in the form of income ...

In November 1947, the nation's first post-independence budget was presented. Learn about the finance ministers of India and ...