India marked 165 years of Income Tax with a special event at Vigyan ... Sitharaman highlighted the success of the new tax regime introduced two years ago. She noted that 72% of taxpayers have ...

The new tax framework aims to replace the current 1961 act, simplifying the tax process for individuals and businesses.

The problem is reportedly believed to have stemmed from a software error that resulted in TDS claims not being properly ...

This article explores the reasons behind the delays and offers guidance for taxpayers waiting on their refunds. A senior tax ...

While the rate for taxpayers in the old income tax regime remains unchanged, tax slabs have been revised under the new regime. Forbes Advisor India has listed the applicable rates chargeable upon ...

Conclusion: Since assessment order which was passed hastily without considering the taxpayer’s submission amidst the approaching deadline, the case was remitted back to the respondents to pass orders ...

One of the main objectives of e-DRS is to provide relief to small taxpayers. However, the scheme is available only to those ...

The Indian government's net direct tax collection rose 16% year-on-year to 9.96 trillion rupees ($119.07 billion) during ...

The Central Government of India ... earning an income of INR 9 lakh per annum, the tax deduction as per the income tax slab would be 20% under the old tax regime and 15% under the new tax regime.

Professional tax, though considered a tax on income levied by state governments (not uniformly across all states), falls ...

An online portal for registration of private coaching centres in Patna will streamline the registration process for coaching ...

Income Tax dispute resolution: e-DRS system enables taxpayers to electronically submit applications for dispute resolution to ...