India's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The dep...

India has a new Income Tax Act, 2025, effective April 1, 2026. This replaces the old 1961 Act, making tax rules simpler and easier to follo...

The Income Tax Act, 2025 modernises the law while preserving continuity, ensuring that taxpayers are not forced into uncertainty during tra...

With the overhauled Income Tax Act taking effect from 1 April, taxpayers must prepare for new rules—and the renewed old vs new tax regime d...

ET Wealth Reader's Query: I want to gift a large amount to my daughter living abroad for her future needs. What is the simplest way to send...

New draft income tax rules for 2026 are set to change how salaried employees are taxed. Calculations reveal significant potential tax savin...

India remains on track with its fiscal consolidation efforts despite recent income tax cuts. S&P Global Ratings projects the country to mee...

Srishti, an NRI, discovered INR 20,000 TDS on her NRO account. Does she need to pay tax in India? Is filing income tax return mandatory? Ex...

The number of income-tax payers in India rose to 93.7 million in FY23 from 52.6 million in FY14. The tax deducted at source (TDS) emerged a...

Crypto taxation is a relatively new concept in India, with the Finance Act 2022 being one of the country's first laws to recognize crypto a...

The bench directed CBI to file its enquiry report within four weeks, holding that the matter was a serious one as one of the parties has ei...

The Akhilesh Ranjan taskforce, set up to suggest an overhaul of the Income Tax Act, has also recommended sweeping changes in the tax slabs....

A new law is certain to consume precious time and energy for all stakeholders .

Highlighting the need for creating land banks, Kirloskar said the private sector continues to face difficulty in getting land for manufactu...

India has one of the worst ratio of taxpayers to voters, it needs more people filing taxes.

The task force was set up on November 22, 2017, following Prime Minister Narendra Modi’s observation at Rajaswa Gyan Sangam that the Income...

To complete the travesty, the new levy would be in addition to the securities-transaction taxes and capital-gains taxes already paid on sec...