Income Tax

How New Income Tax Bill Proposes The Collection And Recovery Of Tax

new income tax bill | Feb 12, 2025

The Indian government has unveiled a comprehensive Income Tax Bill, 2025, aiming to replace the existing Income-tax Act, 1961.

Blog: Income Tax Announcement Is Okay, But What India Needs Is…

Income Tax | Feb 01, 2025

The Union Budget’s announcement of no income tax liability up to ₹12 lakh under the new regime has sparked c..

No Income Tax Upto Rs 12 Lakh, Announces Finance Minister

Union budget 2025 | Feb 01, 2025

No income tax applies up to Rs 12 lakhs, provided certain deductions and exemptions are utilised.

Income-Tax Clearance Certificate Needed…: Centre’s Clarification

Income-Tax Clearance Certificate (ITCC) | Aug 21, 2024

The Ministry of Finance issued a clarification on Tuesday to address the recent misinformation surrounding the need for an Income-Tax..

No Income Tax Burden In This Indian State. Find Out Why

Business | Jul 28, 2024

Article 371(F) of the Indian Constitution gives special status to its residents to be exempted from payment of income tax.

Budget 2024: Centre Revises Income Tax Slabs, Standard Tax Deduction Raised To Rs 75,000

Budget 2024 | Jul 23, 2024

While presenting the Union Budget 2024, Sitharaman said that the revised tax regime could potentially help t..

Govt Mulls Income Tax Cuts To Stimulate Consumption: Report

Business | Jun 18, 2024

A post-election survey highlighted voter concerns about inflation, unemployment, and declining incomes

Government Plans To Decriminalise Minor IT Offences In 100 Days: Report

Income Tax | Jun 11, 2024

The Government is looking at compounding the offences so that there is no prosecution for minor offences, only penalty.

No Recovery Of Rs 3,500 Crore Tax Dues From Congress Until Election End: Centre Assures Supreme Court

Elections | Apr 01, 2024

The central government has assured the Supreme Court that it will not take any measures to recover alleged income tax dues of about R..

Will Not Be Cowed Down: Congress Leader P Chidambaram On BJP's ‘Tax Terrorism’

Elections | Mar 30, 2024

Amidst the accusations of the BJP freezing the bank accounts of Congress, party leader P Chidambaram has wei..

Rahul Gandhi Guarantees To Take Action Against Those Who Destroy Democracy Amid IT Notice

Elections | Mar 29, 2024

Following the Rs 1,800 crore income tax notice served to Congress, party leader Rahul Gandhi promised to tak..

“Tax Terrorism”: Congress Accuses BJP Of Launching Premediated Attacks Ahead Of Elections

Elections | Mar 29, 2024

Responding to the Income Tax Department’s fresh notice of Rs 1700 crore, the Congress party has accused the..