Govt weighs extending presumptive tax regime to renewable energy sectorIndia is considering extending a presumptive tax regime to non-residents in the renewable energy sector, including bio energy. This move ai...
10 Jan, 2026, 05.51 AM IST
Budget 2025: Extension of presumptive tax regime to boost investment"Extending the presumptive taxation scheme to certain non-residents is a strategic step to incentivise foreign participation in India's gro...
02 Feb, 2025, 01.02 AM IST
Budget 2025: Presumptive tax may cover emerging techThe February 1 budget may expand the presumptive tax regime to include sectors like data centres, AI, and green technology, raising the tur...
28 Jan, 2025, 05.30 AM IST
CBDT notifies amendments in I-T rules for presumptive taxation of non-resident cruise shipsThe income tax department has amended rules for presumptive taxation for non-resident cruise ship operators. This regime, introduced in the...
22 Jan, 2025, 06.27 PM IST
Moonlighting and ITR filing: Why moonlighters should file income tax return, form to use, other detailsMoonlighting, driven by side hustles and remote work opportunities post Covid-19, requires moonlighters to carefully choose the right ITR f...
07 Jun, 2024, 10.40 AM IST
How consultants and freelancers can file ITR online on the e-filing income tax portalRead below to find out how people who work as consultants and freelancers file their income tax returns (ITR) online on the e-filing websit...
31 Jul, 2023, 03.54 PM IST
New income tax slabs under new tax regime, no LTCG tax benefit on debt mutual funds: 15 income tax changes from April 1Budget 2023 has made many changes under the Income Tax Act, 1961. Some of these changes will come into effect from the start of new financi...
03 Apr, 2023, 05.28 PM IST
Should you be a salaried person or consultant if your annual income is Rs 60 lakh?The Budget 2023 has proposed many changes in the new tax regime and presumptive taxation scheme. The proposed changes have asked the indivi...
09 Mar, 2023, 04.27 PM IST
Which income tax regime professional under presumptive taxation scheme should choose?The changes announced in the Union Budget 2023 has tried to make the new tax regime attractive for taxpayers. Further, the Budget proposed ...
02 Mar, 2023, 10.47 AM IST
Presumptive taxation eligibility limits enhanced for professionals and MSMEsEarlier MSMEs with annual turnover up to Rs.2 crore and Professionals with income up to Rs.50 lakh were allowed to go for presumptive taxat...
03 Feb, 2023, 08.07 PM IST
Income tax slabs for proprietorship businesses, professionals, partnership, domestic companiesGiven below are the income tax slabs for sole proprietorship business, professionals, partnership firms and domestic companies registered u...
21 Dec, 2022, 11.23 AM IST
Are you now a gig worker? 9 tax-related issues you need to knowThe silver lining of being a gig worker is that you can claim various expenses. Against capital expenditure incurred on purchase of assets ...
02 Feb, 2021, 11.00 AM IST
Budget 2012: Jewellery exporters seek simplified tax regimeGems and jewellery exporters are seeking a simplified tax regime and withdrawal of one per cent excise duty on branded jewellery.
28 Feb, 2012, 11.21 AM IST
- Presumptive taxation regime works in SMEs' favour
In order to reduce SME's administrative burden and compliance costs, there is a special provision under the Income Tax Act, 1961, which hel...
07 May, 2010, 02.29 AM IST
- Tax code brings cheer to SMEs
Small businesses having a turnover of up to Rs 1 crore could see a substantial reduction in their tax liability and compliance costs once t...
15 Aug, 2009, 02.49 PM IST
- This Budget to be a girl's best friend
With the Union Budget likely to abolish the import duty on cut and polished diamonds (CPDs) and gemstones, the ems & jewellery industry is ...
13 Feb, 2007, 04.58 AM IST
- How high spenders elude tax net?
Business expenditure, allowed as a deductible expense, is often misused to cover personal expenses.
10 Aug, 2006, 01.20 AM IST