If an individual is earning about Rs 25 lakh and has deductions and exemptions of around Rs 8.5 lakh or more, the person ...

The Tribunal ruled that VAT collected but not credited to the profit and loss account cannot be treated as taxable income. Once substantially paid to the government, such liability cannot be added ...

Most Indians now prefer the new tax regime for its simplicity and higher in-hand pay. Those sticking to the old regime need ...

The court held that directors cannot be made liable for company tax dues without specifying gross negligence or breach of ...

Despite recent simplification, it remains unclear whether Budget 2026 will introduce further income tax changes ...

Finance Minister Nirmala Sitharaman’s 2025 revamp of the new tax regime has reshaped personal taxation, delivering savings of ...

The definition of affordable housing has not changed since 2017, even as prices have surged. Rajnikant Mishra, founder and ...

Under the new tax regime, home loan interest can be claimed only against rental income after the 30 percent standard ...

Discover the complete checklist of key documents required as income tax proof to make your ITR process smooth and hassle‑free.

McPherson Camp No. 1 of the Sons of Union Veterans of the Civil War (SUVCW) will hold its monthly meeting at 6 p.m. Monday at ...

As India’s services economy expands, gaps in the tax system are limiting revenue mobilisation needed to fund welfare and ...

The new tax regime, introduced to simplify compliance, removes most exemptions and deductions. However, it is not entirely ...