Income Tax Department sets April 30, 2025 as last date for tax arrears declaration under Direct Tax Vivad se Vishwas Scheme.

As the financial year 2024-25 nears its end, taxpayers must focus on important tax-related documents, including the Income Tax Return (ITR). A key document for salaried employees in this process is ...

Income-tax Bill, 2025, aims to replace the existing Income-tax Act, 1961, effective from April 1, 2026, whereas the Finance Act, 2025, applies from April 1, 2025, for the assessment year 2025-26. The ...

India has ordered Samsung and its executives in the country to pay $601 million in back taxes and penalties for dodging ...

New Income Tax Slabs FY 2025-26: Starting April 1, 2025, individuals opting for the new income tax regime won't pay taxes on taxable income up to Rs 12 lakh. The revised income tax slabs for FY ...

Mumbai ITAT ruled in favor of M Gulati, confirming his non-resident status as he spent 210 days abroad. The tribunal clarified that both employment and job search periods abroad qualify for non ...

Income Tax Slabs: The new tax slabs announced by Union Finance Minister Nirmala Sitharaman in the Budget 2025-26 has come into effect from Tuesday i.e. April 1. The revised income tax slabs for ...

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 ...

Sikkim remains the only state in India where residents are completely exempt from paying income tax, irrespective of their earnings. This rare financial advantage is protected under Article 371(F) of ...

The chart indicated that India charged 52 per cent tariffs, including currency manipulation and trade barriers, and America ...

Last week, Niti Aayog member Arvind Virmani said in an interview that while employment is increasing, real wages for regular salaried jobs have not kept up with inflation over the last seven years.

Union Finance Minister Nirmala Sitharaman recently defended the provisions of the Income Tax Bill, 2025, in the Lok Sabha, ...