Form 16 is a crucial document for salaried employees in India, particularly as the income tax return (ITR) filing season for ...

The new tax regime in India offers higher take-home salaries and lower average tax rates compared to the old regime for ...

Govt capital expenditure, tax cuts for middle class income groups to boost consumption and monetary easing will help India’s ...

Section 247 of the Income Tax Bill, 2025, prescribes an authorised officer to gain access by 'over-riding' the access code of ...

The ICAI has proposed a reduction in the number of sections in the bill by 90 to 100 from the current total of 536.

The Government of India is preparing a concept paper aimed at delineating the future of virtual digital assets (VDAs) within ...

WHY TO INCLUDE COST ACCOUNTANT IN ACCOUNTANT DEFINITION OF THE INCOME TAX ACT/BILL . 1. Introduction. Before delving into the ...

A Bollywood actor wins a major tax case on Foreign Tax Credit (FTC). Learn how FTC works, key legal takeaways, and how to ...

The Institute of Chartered Accountants of India (ICAI), which briefed the panel at its first meeting on March 6, has opposed any changes to the definition ...

Khan's UK earnings were taxed in the UK, and India's DTAA with the UK allowed him to offset this tax against his Indian ...

The Union Budget 2025-26 introduces significant reforms in India's insurance sector and income tax regime, aiming at broader ...