Finance Minister Nirmala Sitharaman provided this relief against income tax searches and requisition cases; Know more ...

If you pay health insurance premiums for your parents, you can claim an additional tax deduction of Rs 25,000 if they are below 60 years or 50,000, depending on their age.

Explore crucial amendments in the 2025 Finance Bill, enhancing IFSCs, simplifying compliance, and boosting investments.

As the financial year 2024-25 nears its end, taxpayers must focus on important tax-related documents, including the Income ...

The Income Tax Return submission for assessment year 2025-26 will open on April 1 2025. Earnings-based employees ...

While filing income tax returns, we need many documents. Many times it happens that while filing the return, we come to know ...

ITAT Chandigarh held that mere statement recorded during the search cannot be treated as incriminating document and hence addition on the basis of the same is not sustainable. Accordingly, appeal of ...

Filing an ITR is mandatory for individuals and entities that meet certain financial thresholds, and it also serves as a crucial document ... the income source, the amount earned, and the applicable ...

Specific tax rates for NRIs on income earned in India remain unchanged. The Income Tax Bill, 2025 is proposed to be effective from April 1, 2026. It is currently under review by a Parliamentary Select ...

Samsung pushed India's tax authority to drop the scrutiny, saying the component did not attract tariffs and officials had known its classification practice for years. But customs authorities ...

Monday, March 31, is a national holiday on account of Eid, but for those who have to correct errors/omissions in the Income ... Mazars In India, advises computing the additional tax payable ...

The new Income Tax Bill aims to ensure greater transparency, simplify tax compliance, and eliminate outdated provisions from the existing Income-tax Act, 1961. The bill represents a major overhaul of ...