This article discusses some of the key amendments that may be introduced in the upcoming budget to achieve the Finance ...

A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon. Finance Minister ...

The existing tax structure, burdened by numerous amendments, has become increasingly complex, making filing returns a ...

A new consultation relating to the legislation for the Corporate Income Tax is under way for the next three weeks, a ...

The Delhi High Court recently held that tax liability on income from house property should be affixed to a person who ...

As per the Income Tax Act, 1961, it is mandatory to file an Income Tax Return (ITR) if your taxable income is more than the ...

Moreover, the tribunal addressed the issue of immunity sought by DACSS Granites Pvt. Ltd. under Section 270AA (2) of the Act. Despite a belated filing of Form-68 for immunity, the ITAT referred to ...

Affidavit of service filed today is kept with the record.

If your annual taxable income is ₹10 lakh and you claim the full ₹1.5 lakh deduction, your taxable income reduces to ₹8.5 ...

Reliance’s ability to legally avoid corporate income taxes for 30 years demonstrates the company's strategic financial acumen ...

In November 1947, the nation's first post-independence budget was presented. Learn about the finance ministers of India and ...

While personal loans don’t explicitly offer tax benefits, you can claim deductions if the loan is used for home purchase, ...