Incomes arising out of non-resident's income on Over-the-Counter (OTC) derivatives will be fully exempt from Income Tax under ...

First, the net taxable income needs to be calculated. It will be calculated as follows: The income tax will be calculated on the net taxable income. You will be required to calculate income tax on Rs ...

The equalisation levy, introduced in 2016 and expanded in 2020, was aimed at taxing large foreign digital companies– such as ...

"We carried out a 'nudge' campaign in which we nudged taxpayers to voluntarily disclose their Foreign Income and Assets. SMS and E-mails were sent to around 19,501 select taxpayers, asking them to ...

Bollywood actor Shah Rukh Khan secured a significant victory as the Income Tax Appellate Tribunal (ITAT) ruled in his favour, overturning the reassessment proceedings and order initiated by tax ...

The govt said: "The word ‘total income’ has been replaced with ‘total undisclosed income’ in the marginal heading and in ...

Income Tax offices in India will remain open from March 29 to March 31, despite the weekend and Eid-al-Fitr, to assist taxpayers before the fiscal year ends. The CBDT and RBI have directed all tax ...

The Income Tax Department has issued notices to ... Abhishek Murali, President, All India Tax Payers’ Association said. Non-performing assets of banks at multi-year low, profits up: Finance ...

India, May 24, 2024.(Priyanshu Singh/Reuters) A prominent rule change that will take place is related to the new income tax slabs which were introduced in the Union Budget 2025 , wherein ...

The tax assessment was based on potential rental income, even when the property remained ... MD of Residential Transaction Services at Colliers India was quoted as saying by ET.

India has been receiving details of assets and income parked abroad by Indians under different information-sharing frameworks. Based on that information, it urged taxpayers to declare their ...