New Income-Tax Rules have clarified meal voucher benefits. The tax-free limit for employer-provided meal vouchers has increased to Rs 200 p...

India'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...

The Parliament has approved the revised Income Tax bill, incorporating nearly all recommendations from the Select Committee. This follows t...

New Income Tax Bill 2025: The Lok Sabha passed the Income Tax Bill after incorporating recommendations from the Select Committee. This move...

The Income-Tax Bill, 2025, intended to replace the 1961 Act, has been withdrawn by the government. A revised version, incorporating recomme...

The Lok Sabha's Select Committee identified drafting issues in Clause 21 of the Income Tax Bill 2025, concerning the annual value of reside...

Income Tax Bill 2025 PDF document: The new bill will replace the current Income Tax Act, 1961, and will become effective from April 1, 2026...

"To safeguard interest of consumers, the Department of Consumer Affairs under Ministry of Consumer Affairs, Food and Public Distribution ha...

“Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made,” CBDT said in the notification is...

The 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...

Investors based out of Singapore continue to avail several tax benefits for putting money in India.

Interestingly, all the political parties brought under the RTI Act have been staunchly opposing the directive of the transparency panel.

Startups applaud the GST Bill but raise concerns about certain provisions which, if not fixed, might make businesses unviable.

The more important issue for India is the need to raise its tax-to-GDP ratio, which is quite low as compared to other countries.

There are has high expectations from the upcoming Budget, especially for the pharmaceutical industry, said Ranjana Smetacek of OPPI.

Investor confidence is now riding high as far as India is concerned, appropriate amendments in the DTC will be of an added help.

Every person whose total income exceeds the maximum amount which is not chargeable to income tax is required to obtain a Permanent Account ...