Telangana High Court directed payment of interest @ 6% for non-payment of principal amount as directed by the Court for price adjustment towards Labour and other material. Notably, interest is payable ...

A major income tax cut that would reduce state revenues by an estimated $267 million a year by 2028 cleared the Montana Legislature on Tuesday, passing a final vote in the Senate to head toward the ...

ITR Filing: To make payment of tax hassle-free, the Income Tax Department has introduced the ‘e-Pay Tax’ feature on its official online portal. According to the tax department, this will ...

Vivad se Vishwas Scheme, meant to reduce pending income tax litigation, among other things, will finally close on April 30. Broadly, this is a dispute resolution mechanism in respect of pending ...

In the new financial year, taxpayers are gearing up to file their income ... office work are deductible as per the actual expenses incurred. 6. Some exemptions under section 10 in the new tax ...

This form is also for people who are not eligible to file their Income Tax returns under ITR-1, ITR-2 and ITR-4. The latter pertains mainly to presumptive taxation under sections 44AD and 44ADA ...

interest from a deposit (bank/ post office/ cooperative society), interest income and any other income. IX. After you enter the income on which normal tax is calculated, you have to calculate tax ...

both Income Tax Inspectors, Quamar Aulam Khan, a Senior Tax Assistant at the office of Income Tax Appellate Tribunal (ITAT), Manish Sikrawal, a Senior Tax Assistant at the Aayakar Bhawan office in ...

"There is a chance that the money from tariffs could be so great that it would replace (the income tax ... according to the Congressional Budget Office. Economists said one problem ...

However, the in-hand salary (take-home pay) is what remains after deductions for: Income tax (as per the applicable slab) Employee Provident Fund (EPF) contributions Other deductions (e.g ...

On February 1, 2025, in her 74-minute Union Budget speech, Finance Minister Nirmala Sitharaman said there will be no tax on income up to ₹12,00,000 per annum, under the New Tax Regime (NTR).