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TAX PROVISIONS COMPARISON
Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...
NCLAT reserves order in Jaypee insolvency case; Vedanta alleges flawed evaluation, Adani defends bidding processThe National Company Law Appellate Tribunal has reserved its judgment in the Jaypee insolvency case. Vedanta Group argued the resolution pr...
India Inc salary restructuring: How new labour codes and income tax rules will impact take-home pay and retirement savingsSalaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementati...
Meal card tax benefit: Do you get it under the new tax regime?New Income-Tax Rules have clarified meal voucher benefits. The tax-free limit for employer-provided meal vouchers has increased to Rs 200 p...
New tax utility explained: Compare old and new Income-tax Act sections before filingIndia's Income Tax Act, 1961, is set to be replaced by the Income Tax Act, 2025, effective April 1, 2026. To ease this transition, the Inco...
Parliament passes new Income Tax BillThe Parliament has approved the revised Income Tax bill, incorporating nearly all recommendations from the Select Committee. This follows t...
Lok Sabha passes new Income Tax Bill amid din without debateNew Income Tax Bill 2025: The Lok Sabha passed the Income Tax Bill after incorporating recommendations from the Select Committee. This move...
Government withdraws Income-Tax Bill, 2025; updated version to be tabled on MondayThe Income-Tax Bill, 2025, intended to replace the 1961 Act, has been withdrawn by the government. A revised version, incorporating recomme...
No more higher tax on vacant property as recommended in New Income Tax Bill 2025 due to suggestions by select committeeThe Lok Sabha's Select Committee identified drafting issues in Clause 21 of the Income Tax Bill 2025, concerning the annual value of reside...
New Income Tax Bill PDF: Top 5 highlights of newly-introduced Income Tax Bill 2025 in Lok SabhaIncome Tax Bill 2025 PDF document: The new bill will replace the current Income Tax Act, 1961, and will become effective from April 1, 2026...
Centre amends Legal Metrology (Packaged Commodities) Rules 2011"To safeguard interest of consumers, the Department of Consumer Affairs under Ministry of Consumer Affairs, Food and Public Distribution ha...
Govt notifies income tax forms for Assessment year 2021-22“Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made,” CBDT said in the notification is...
Rs 2.41 lakh crore budget presented in MP Assembly; no increase in taxesThe revenue receipts in 2020-21 are expected to fall by more than five per cent due to the impact of the coronavirus pandemic. On the other...
New Singapore treaty harsher than GAAR, may impact FPI flows into IndiaInvestors based out of Singapore continue to avail several tax benefits for putting money in India.
Political parties cornerstone of democracy; can't abolish tax exemptions, says Modi governmentInterestingly, all the political parties brought under the RTI Act have been staunchly opposing the directive of the transparency panel.
Startups welcome GST but wary of fine printStartups applaud the GST Bill but raise concerns about certain provisions which, if not fixed, might make businesses unviable.
Are taxes high in India? Here's where we standThe more important issue for India is the need to raise its tax-to-GDP ratio, which is quite low as compared to other countries.
Three areas pharma companies want Budget to focus onThere are has high expectations from the upcoming Budget, especially for the pharmaceutical industry, said Ranjana Smetacek of OPPI.
Tax provisions on indirect transfer of Indian companies must shed all ambiguityInvestor confidence is now riding high as far as India is concerned, appropriate amendments in the DTC will be of an added help.
- Not quoting PAN will increase your tax outgo
Every person whose total income exceeds the maximum amount which is not chargeable to income tax is required to obtain a Permanent Account ...