The government announced a massive income tax relief in a bid to stimulate consumption in the economy, while also staying ...

The Finance Bill 2025 proposes amendments to clarify the taxation of Unit Linked Insurance Policies (ULIPs). Under Section 10(10D) of the Income-tax Act, exemption on life insurance proceeds is ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday. She announced no income tax on ...

1. Aforesaid appeal by assessee for Assessment Year (AY) 2018-19 arises out of the order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT (A)] dated ...

Buoyant personal income tax revenue allows tax relief in FY26 budget, according to finance secretary Tuhin Kanta Pandey.

Section 80GGC allows taxpayers to claim deductions for contributions made to eligible political parties and electoral trusts. This deduction aims to encourage political funding.

The Income Tax Dept is sending SMS to taxpayers who donated to political parties and had claimed section 80GGC deduction.

So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...

If India fails to achieve the required growth in the next 22 years, an ageing, slowing population growth will rob it of ...

The pre-budget document tabled in Parliament on Friday said that the government must focus on a multi-pronged approach with stricter FSSAI labelling norms, higher GST, and awareness campaigns to curb ...

Tax season is underway. The IRS has debuted a new online tool to help taxpayers check the status of any refund they may be ...

Change in after-tax income by income percentile The Joint Committee on Taxation estimated that the 22 million households making $20,000 to $30,000 will collectively pay 26.6% more in 2027 than ...