Originally, the Central Board of Direct Taxes (CBDT) originally set December 31, 2024, as the deadline for filing belated or ...

A retired individual with ₹5 lakh short-term capital gains and ₹2 lakh interest income will face a 20% tax on ₹2.5 lakh after ...

Meanwhile, resident individuals are also entitled to a rebate of up to 100 per cent of income tax subject to a maximum limit depending on tax regimes as under: ₹ 12,500 for income up to ₹ 5 lakh under ...

OTTAWA - Former Bank of Canada governor Mark Carney signalled through his campaign team Friday that he will launch his bid to ...

Political parties have criticised the government for increasing value-added tax (VAT) and supplementary duty (SD) on nearly ...

Alex Burghart said officials should ensure ‘all appropriate taxes’ have been paid on homes linked to her aunt’s former ...

The yield on 10-year gilts rose further to 4.85 per cent this morning, while for 30-year the level was up to 5.41 per cent.

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

In a note to the Finance Minister, the industry body highlighted that corporate tax rates have decreased over the years, ...

Budget 2025 is likely to prioritise fiscal discipline, minor tax tweaks, and cautious consumption boosts over bold reforms.

A unified tax structure that converges elements of the Old and New Tax Regimes can simplify compliance while retaining taxpayer benefits. The following rationalized tax slab structure combines the ...

The Union Budget 2025 could bring a major overhaul to India's taxation system with the introduction of joint taxation for ...