There is a marginal relief of up to Rs 22,222 under the new regime until the net taxable income reaches Rs 7,22,222. Marginal relief ensures that the excess tax liability is limited to the excess ...

Many NRIs using Double Taxation Avoidance Agreement (DTAA) are getting Income Tax notices for claiming benefit of lower or nil rate of tax, know how to get out of this problem ...

We can hate the word tax as much as we want ... To enable smooth functioning of the taxation system, 3 lists have been put forward in Article 246 of the Indian Constitution.

The previous system that allowed UK residents to avoid tax on foreign income under the ... income including Indian sources like rental income and dividends at rates up to 45%, potentially increasing ...

collaborated with researchers at the country’s premier technology school to design an affordable system that it says can run large AI models without requiring advanced computing chips from the likes ...

Flagging alleged large-scale tax avoidance among India’s most affluent, the Congress on Monday alleged the Modi government has ended the sanctity of the tax administration system, giving a message ...

The Federal Inland Revenue Service (FIRS) has commenced a comprehensive review of all tax incentives under its administration, citing the need to improve transparency, eliminate inefficiencies ...

Service Tax was first introduced to the Indian system in the 1994-95 Union Budget. The idea behind imposing Service Tax is to reduce the degree and extent of tax on core business, industry and ...