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What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
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Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
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Budget 2025: Crypto Industry Seeks Digital Asset Innovation, Simple Tax Structure and More
The Union Budget for 2025 is set to be announced on February 1. Apart from reiterating the need for a revision in crypto tax rates, Indian crypto firms have asked the government to prioritise steps that keep the country in competition with other regions, especially with regard to emerging technologies.
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French Investigators Open Fraud Probe Against Crypto Platform Binance
French authorities have launched a judicial investigation into Binance for money laundering, tax fraud, and other charges. Binance, the world's largest cryptocurrency exchange, denies the allegations. The Paris public prosecutor's office's economic and financial crime section (JUNALCO) stated the probe involves money laundering related to drug traf...
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Opinion | Why Over Half Of All Income Tax Filings In India Are Zero-Tax
In terms of value, 84% of corporate filers contributed almost nothing to the total corporate tax collections of Rs. 7.16 lakh crore in the assessment year 2023-24.
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Donald Trump Fires "Tremendous Tariff-Maker" Warning At India, China
Donald Trump on Tuesday denounced India, China, and Brazil as "tremendous tariff-maker(s)" and said his government would not allow the three to do this, declaring, "... we're not going to let that happen... we're going to put America first".
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Tax Officials Search Properties Of Telugu Producer Dil Raju For 4th Day
Income tax officials searched the properties of Telugu film producer Dil Raju for a fourth day today. The tax officials suspect a mismatch between revenues earned by some recent movies and the income tax paid, news agency IANS reported.
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Opinion | How Partition Shaped Independent India's First Three Budgets
The first budget of Independent India described the Partition (1947-48) as the "most poignant human tragedy" outside of war. Of the total non-defence expenditure of Rs 104.5 crore, Rs 27 crore was earmarked for relief and rehabilitation.
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"Family Planning Now Financial Decision": Arvind Kejriwal's Tax Jab At BJP
The middle class is a victim of tax terrorism and has been reduced to the government's ATM, Aam Aadmi Party (AAP) leader Arvind Kejriwal said today, reaching out to the social group ahead of the February 5 election in Delhi.
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Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
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Raids At Places Linked To 'Game Changer' Producer Dil Raju In Hyderabad
The searches are carried out with regard to the charges of tax evasion, official sources said.
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EU Says "Ready To Defend" Interests After Trump Tariff Vow
The European Union stands "ready" to defend its interests, the bloc's economy commissioner said Monday, after US President Donald Trump promised a policy of tariffs and taxes on other countries in his inaugural address.
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Trump Vows To "Tariff And Tax Foreign Countries" As He Returns As President
US President Donald Trump vowed Monday to revamp US trade, promising tariffs and taxes on other countries to aid Americans, in an inaugural address as he took office as 47th president of his country.
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Budget 2025: ICAI Proposes Joint Tax Filing, How Married Couples Will Benefit From It
Ahead of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of joint taxation for married couples.
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New Regime Or Old Regime - Which Income Tax Slab Works Best For You?
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year.
-
What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
-
Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
-
Budget 2025: Crypto Industry Seeks Digital Asset Innovation, Simple Tax Structure and More
The Union Budget for 2025 is set to be announced on February 1. Apart from reiterating the need for a revision in crypto tax rates, Indian crypto firms have asked the government to prioritise steps that keep the country in competition with other regions, especially with regard to emerging technologies.
-
French Investigators Open Fraud Probe Against Crypto Platform Binance
French authorities have launched a judicial investigation into Binance for money laundering, tax fraud, and other charges. Binance, the world's largest cryptocurrency exchange, denies the allegations. The Paris public prosecutor's office's economic and financial crime section (JUNALCO) stated the probe involves money laundering related to drug traf...
-
Opinion | Why Over Half Of All Income Tax Filings In India Are Zero-Tax
In terms of value, 84% of corporate filers contributed almost nothing to the total corporate tax collections of Rs. 7.16 lakh crore in the assessment year 2023-24.
-
Donald Trump Fires "Tremendous Tariff-Maker" Warning At India, China
Donald Trump on Tuesday denounced India, China, and Brazil as "tremendous tariff-maker(s)" and said his government would not allow the three to do this, declaring, "... we're not going to let that happen... we're going to put America first".
-
Tax Officials Search Properties Of Telugu Producer Dil Raju For 4th Day
Income tax officials searched the properties of Telugu film producer Dil Raju for a fourth day today. The tax officials suspect a mismatch between revenues earned by some recent movies and the income tax paid, news agency IANS reported.
-
Opinion | How Partition Shaped Independent India's First Three Budgets
The first budget of Independent India described the Partition (1947-48) as the "most poignant human tragedy" outside of war. Of the total non-defence expenditure of Rs 104.5 crore, Rs 27 crore was earmarked for relief and rehabilitation.
-
"Family Planning Now Financial Decision": Arvind Kejriwal's Tax Jab At BJP
The middle class is a victim of tax terrorism and has been reduced to the government's ATM, Aam Aadmi Party (AAP) leader Arvind Kejriwal said today, reaching out to the social group ahead of the February 5 election in Delhi.
-
Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
-
Raids At Places Linked To 'Game Changer' Producer Dil Raju In Hyderabad
The searches are carried out with regard to the charges of tax evasion, official sources said.
-
EU Says "Ready To Defend" Interests After Trump Tariff Vow
The European Union stands "ready" to defend its interests, the bloc's economy commissioner said Monday, after US President Donald Trump promised a policy of tariffs and taxes on other countries in his inaugural address.
-
Trump Vows To "Tariff And Tax Foreign Countries" As He Returns As President
US President Donald Trump vowed Monday to revamp US trade, promising tariffs and taxes on other countries to aid Americans, in an inaugural address as he took office as 47th president of his country.
-
Budget 2025: ICAI Proposes Joint Tax Filing, How Married Couples Will Benefit From It
Ahead of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of joint taxation for married couples.
-
New Regime Or Old Regime - Which Income Tax Slab Works Best For You?
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year.
