Tag: Taxation

Income Tax Deadline Extended: File by January 15In a recent development, the Income-Tax Department has extended the deadline for filing belated or revised income tax returns for the fiscal year 2023-24 to 15th January...

In the latest budget announcement for the fiscal year 2025, there have been significant adjustments to the income tax slabs, offering some respite for middle-class taxpayers. Finance Minister Nirmala Sitharaman unveiled a new tax...

Today's budget proposals for FY 2025-26 brought about a welcome change for middle-income taxpayers, signaling a significant move by the government to forego revenue in the amount of one lakh crore. The Honorable Finance...

Finance minister Nirmala Sitharaman made a significant announcement during the Union Budget, proposing to extend duty exemptions on capital goods used in the manufacturing of lithium-ion batteries. This move is aimed at boosting domestic...

As the Union Budget 2025 approaches, anticipation and speculation are rife across various sectors. The budget, to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is expected to reveal the government's...

Budget 2025: Will FM Sitharaman Phase Out the Old Regime?As Budget 2025 approaches, the question on everyone's mind is whether Finance Minister Nirmala Sitharaman will phase out the old income tax regime in favor...

The 2025 Union Budget is on the horizon, and expectations are high for the Income Tax Department to focus on simplifying tax compliance and enhancing transparency. In a world where digitization is rapidly changing...

NEW DELHI: The government is considering a proposal for income tax relief in the upcoming Budget, aiming to raise the threshold and restructure tax slabs without introducing concessions in the new tax regime. Analysts...

Direct Tax Collection in India Soars to Record HighsIn a groundbreaking development, the net direct tax collection in India has surged by a staggering 16% to reach a monumental figure of Rs 16.90 lakh...

**Budget 2025: Will the Old Tax Regime be Abolished?**As we eagerly await the unveiling of the Budget 2025, the burning question on everyone's mind is: will the old tax regime be abolished, ushering in...