In her interim budget speech for 2024-25, Finance Minister Nirmala Sitharaman announced withdrawal of outstanding direct tax demands up to ...

Notably, the e-way bill generation from the National Informatics Centre (NIC) developed e-way bill system is also highest during September ...

The e-invoice system under goods and services tax (GST) was launched on October 1, 2020 for the businesses with aggregate turnover of more ...

To encourage small tax payers to invest in the stock market, the government may consider increasing the limit of Rs 1 lakh for taxing the l...

With regard to traders with turnover of Rs 2 crore, he said 6 per cent was taken as presumptive income and tax was calculated on that porti...

Out of 125 crore Indians only 1.5% (1.9 crore) pay income tax.

The consensus was reached after the Centre agreed to the demand of states to go in for horizontal split with regard to tax payers based on ...

As regards corporates, the Revenue Department has lowered the corporate tax rates to 25 per cent for new manufacturing companies.

Budget 2016 proposes to introduce presumptive taxation regime for professionals which till now was for certain eligible persons engaged in ...

The changes in the direct tax proposals in this year's Union Budget would not really tax any "expert's" mind. In fact, they were largely co...

Individual will have to pay 10% tax on income between Rs 2 lakh & Rs 5 lakh; 20% between Rs 5 lakh & Rs 10 lakh; and 30% for above Rs 10 la...

There is an incentive for taxpayers who file their income-tax returns electronically — they will get their refunds within a month.

Making it easier for taxpayers to prepare their tax returns, the Income Tax Department has widened the scope of work of Tax Return Preparer...

In a last-minute respite to business houses, partnership firms and small-time investors filing I-T returns, the Gujarat High Court on Monda...

The government has withdrawn the facility for tax payers to submit income tax returns through post offices, which was introduced last year,...

With the govt aiming at widening the TDS regime, most taxpayers are not aware how it impacts them.

The Central Board of Excise and Customs (CBEC) is on a major information technology binge. Just as big companies have got a one-window faci...