The new Income Tax Bill 2025 modernizes India's taxation system by simplifying processes, eliminating outdated provisions, and emphasizing ...

The CBDT has clarified that the Principal Purpose Test (PPT) will apply prospectively, ensuring that past investments under tax treaties wi...

India remains cautious about implementing the global tax deal after the US withdrew, calling it unfair. India, a key proponent of the deal,...

Deloitte India Partner Rohinton Sidhwa suggests that the Budget 2025-26 should introduce a PLI scheme for R&D to attract foreign companies ...

A new Deloitte India survey reveals that most high-income taxpayers in India support the government's digital tax initiatives, such as the ...

A new survey by Deloitte India revealed that a significant majority of high-end corporate taxpayers in India are seeking enhanced technolog...

Advance tax collections in India increased by 22.61% to ₹4.36 lakh crore in the first half of the current financial year, indicating strong...

Net direct tax collections from April 1, 2023, to March 15, 2024, stood at Rs 18.95 lakh cr, up 14.05% year on year, buoyed by advance tax ...

Deloitte India partner Rohinton Sidhwa discusses the changes in the TCS rates imposed on foreign exchange remittances. The TCS rate has bee...

Shares of hotel companies and travel solutions providers surged after the government announced measures in the Interim Budget for FY25 to b...

Anurag Jain said that companies or startups which are not recognised by DPIIT would be covered under the proposed amendments to Section 56 ...

The net collection is 37.24% of the direct tax collection estimated in the budget for this fiscal year, the Central Board of Direct Taxes s...

Tax experts feel the new rules have been framed to discourage investments in cryptos. “It’s a continued effort to isolate and disincentiviz...

The US had launched a Section 301 probe on EU, India, UK and Brazil in June to determine whether the levy discriminates against American e-...

The 25% cut in tax deducted at source on ecommerce participants will make ecommerce more attractive for sellers and the cut in TDS on their...

Direct tax collections declined to Rs 10.27 lakh crore in the year ended March 31, falling 12.2% short of target, people familiar with the ...

India has improved its rank by 79 positions in last five years (2014-19). India has improved its rank in 7 out of 10 indicators, and has mo...