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INCOME TAX CONCESSIONS
Himachal Pradesh to launch start-up bus scheme with up to 50% subsidy for youthHimachal Pradesh is launching Phase IV of the Rajiv Gandhi Swarozgar Start-up Yojana, empowering unemployed youth to run passenger buses. T...- India’s ethanol strategy: Automakers treading cautiously, consumers remain unconvinced and experts are waryWith the rollout of E85 fuel and policy changes to support mass flex-fuel deployment, the government is attempting something few large econ...
- Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
- Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
- 'Domestic cos got lower subsidies than Chinese peers, on par with North America'Indian firms receive far less government support than Chinese companies. An OECD report highlights this disparity between 2005 and 2024. In...
- Gas at $4: Americans cut back on discretionary spends as fuel bills mountAmericans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting ...
- Rs 10.9 lakh crore burden: Iran shock can take a load off India's backRising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast...
- Samsung union says to embark on 48,000-strong strike on Thursday after impasse on bonusesSamsung Electronics workers plan a major strike on Thursday. Talks over bonus payments have stalled. This action could disrupt South Korea'...
- Bullion industry proposes plan to turn India's idle gold into working capitalIndia's gold imports are rising, prompting industry bodies to suggest ways to curb them. Proposals include recycling household gold and lim...
- Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...
- Adani Energy Solutions surges 63% in 3 months fueled by seasonality, outlook. But why brokerages are cautious?With the onset of summer, shares of Adani Energy Solutions have attracted strong investor interest, rallying over 63% in just three months....
- Budget 2025 approved by the Union CabinetThe Cabinet, led by Prime Minister Narendra Modi, approved the Union Budget 2025, which Finance Minister Nirmala Sitharaman will present to...
- Tata Chemicals allowed income tax deduction for fertiliser subsidyTh company had claimed a deduction of sales tax remission of ₹3.31 crore and price concession of ₹105.40 crore on the subsidy it received f...
- Govt announces income tax concessions for payments for Covid 19 treatment, deathThakur said that ex-gratia payment by the employer to an employee's family or by any person to any other person's family on the death of em...
- If you don't care about tax concessions, here are ways to donate and make a differenceBy stepping in to help, you can make a difference. However, you must not be the lazy donor who simply signs a cheque. You should be willing...
- Government may raise investment limit of angel tax concessions for startupsThe govt allowed startups to avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 c...
- Area and sector-specific tax sops spur investment, so counting these as revenue forgone is wrongThe recent increase in petrol prices has expectedly created a raging storm.Hence, our focus in this piece is to debunk the long-standing my...
- FM comes through for SEZs, allows them to carry forward lossesAccommodating the demands of the commerce department, Finance Minister Jaswant Singh has showered more concessions on special economic zone...
- Finmin unlikely to relax duty drawback, I-T norms for SEZsWith double-digit export growth and surge in foreign exchange reserves providing a comfortable cushion, the finance ministry is planning to...
- Graded I-T exemption for units in special zonesTHE income-tax concession announced for units in special economic zones is likely to be a graded exemption for export profits over a specif...
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