Taxation in India is the primary tool for the government to generate revenue, which is subsequently used for infrastructure ...
As India prepares to roll out the new Income-tax Act and Draft Income-tax Rules from April 1, 2026, experts say the changes ...
India's tax structure is becoming more progressive, with direct taxes accounting for 58.5% of total collections in FY25.
The Income Tax Draft Rules 2026 has proposed hikes in transport allowance, children’s education allowance, hostel allowance, disability transport allowance and underground allowance.
Relying only on fixed deposits may no longer be enough in a rising inflation and high-tax environment. Experts suggest that investors with a two-year-plus horizon should consider building a ...
Direct taxes are imposed directly on individuals and entities according to their income or wealth whilst indirect tax is imposed on goods, services or transactions and eventually paid by consumers.
New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may ...
The Income Tax Appellate Tribunal (ITAT) Delhi ruled that property received through a Hindu family settlement is not a ...
Explains how Section 3 defines the earning year and the taxation year under the Income-tax Act. Clarifies why income earned in one year is taxed in the ...
India and France have signed a protocol to amend the Double Taxation Avoidance Convention (DTAC), in an effort to boost tax ...
The article analyses whether lower tax rates under Section 115BAC outweigh the loss of deductions, examining legal validity and financial impact on middle-class ...
India Today on MSN
Selling your gold or silver mutual fund? Read this before you pay tax
Thinking of selling your gold or silver fund after the recent price rise? Before you click that sell button, have a closer ...
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