"income-tax-act"

Reduce your tax burden with home loan deductions under Sections 24(b), 80C, 80EE, and 80EEA. Learn how to maximise your yearly tax savings

The Lok Sabha on Monday passed the Income-tax (No. 2) Bill, 2025, and the Taxation Laws (Amendment) Bill, 2025, without debate amid Opposition protests over electoral roll revisions in Bihar. Both bills were cleared by voice vote before adjournment

At a time when digital communication is deeply integrated into our professional and personal lives, allowing government easy access to sensitive public data is fraught with danger 

BRS working president demands answers from Prime Minister Modi and Finance Minister Nirmala Sitharaman on the sweeping powers being granted to I-T officials under the new Bill

Income Tax payers can now match the sections of the I-Tax Act, 1961, with the corresponding clauses in the simplified I-T Bill, 2025, on the tax department portal

The Income Tax Bill, 2025, which is likely to be introduced in Parliament on Thursday will come into effect from April 1, 2026

Bill to be tabled in Parliament on Feb 6 to overhaul entire tax system; changes aimed at making the filing of IT returns common man friendly

Draft Bill likely to provide directions to widen tax net, given the contraction in tax base following the new exemption limits, say sources

Finance Minister proposes to enhance annual threshold for deduction of tax at source (TDS) on rent to Rs 6 lakh from the current limit of Rs 2.4 lakh

The court dismissed the application and the appeal, pointing out the importance of adhering to the law of limitation and expressing the need for government officials to act with due expedition.

Hyderabad: Budget 2022 provides an opportunity for the Government to narrow the rural-urban gap and strike a balance in reigning inflation and ensuring fiscal prudence. The momentum on the economic recovery and buoyancy of tax collections would need to be sustained, Pradeep Narayanan, partner, BSR & Co (a sub-licensee firm of KPMG in India) tells […]

The retrospective taxation, introduced by then Finance Minister Pranab Mukherjee in 2012 as an amendment to the Income Tax Act, proved a costly policy misadventure

There is widespread speculation that the government would bring incentives to promote manufacturing activities in the country.