Updated tax returns: Budget 2025 offers a wider window to report omitted income
India's finance ministry has proposed extending the deadline for updated tax returns from two to four years to encourage ...
Income Tax Department Invites Applications For Various Posts, Apply By February 3
The Income Tax Department is currently hiring for the position of Assistant Director (Systems). Interested applicants can apply online through the official website until February 3, 2025. The ...
India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...
New tax slabs announced in Budget may lead 90% or more taxpayers to shift to new regime: CBDT Chairman
CBDT chief discusses non-intrusive tax administration, simplified ITRs, and AI usage post-Budget for enhanced compliance and ...
90 per cent taxpayers likely to shift to new regime after Budget tax relief, says CBDT chief
Ravi Agrawal says simplified tax slabs and zero tax on income up to ₹12 lakh will push more taxpayers to adopt the new regime ...
90% or more taxpayers may shift to new regime with new slabs announced in Budget: CBDT Chairman
Agrawal said the government's and the Income-Tax Department's philosophy and approach is to ensure a "non-intrusive" tax ...
Taking Stock Of Trump’s Second Term Tax Plans
Marie Sapirie examines one of President Trump’s recent executive orders, a White House memorandum, and some scripted remarks ...
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India's New Tax Code: Simplification on the Horizon
An internal committee of India's Income Tax Department, guided by suggestions for simplification and structural improvement, is paving the way for a new tax law. The proposed changes, inspired by ...
Budget 2025: Understanding the rebate benefits—and the fine print on capital gains tax
Budget 2025 offers a welcome increase in tax rebates, but it’s important to know where the benefits apply and where they don’t. Here’s a breakdown of how you can benefit from the new rebate—and the ...
Income Tax Slabs Budget 2025 Live: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...
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Most suggestions on I-T Act were about simplifying language, widening presumptive taxation: CBDT Chairman
An Income-Tax Department internal committee reviewing the old direct tax law to pave the way for a new one has “largely” received suggestions for “simplifying” the language, better “structuring” the ...
Nicklaus: Direct tax filing comes to Illinois. Missourians are still waiting.
Missouri is not among the states where a free, easy tax filing method is available, and some elected officials are fighting ...