Income tax cuts likely in Budget 2025 to spur consumption: Sources
As the Union Budget approaches, expectations are growing that the government may extend personal tax relief. According to sources, to […]
Income Tax Recent News – 2025
Jewellery sector seeks tax relief, policy boost in Budget 2025 to drive growth
India’s jewellery sector has high expectations from the Union Budget 2025, seeking measures to address taxation challenges, boost consumer demand,
Union Budget 2025: Govt may introduce personal income tax breaks, says report
The Centre is considering a plan to introduce personal income-tax breaks to boost consumption, CNBC-TV18 reported on January 17. A
90,000 salaried individuals withdraw Rs 1,070 cr worth wrongful tax deduction claims
As many as 90,000 salaried individuals, both from PSUs and the private sector, have withdrawn wrongful tax deductions claims totalling
Income Tax Dept imposes Rs 3.86 cr penalty on Laurus Labs for disallowed deduction
Hyderabad-based pharmaceutical company Laurus Labs, on Wednesday, disclosed that the Income Tax Department has imposed a penalty of Rs 3.86
Budget 2025 should reduce tax, compliance burden on middle class and SMEs, says expert
Budget 2025: In the forthcoming budget for 2025-26, the government needs to reduce tax and compliance burden on the salaried
Income tax rate on affordable housing projects be lower at 15%: CREDAI
Realtors’ apex body CREDAI has suggested that the government in the upcoming Budget should fix income tax on affordable housing
Insurance industry seeks tax incentives, Insurance Act amendment in Budget
The insurance industry is expecting amendments to the Insurance Act, along with additional tax exemptions for protection and health insurance
Income Tax Department tightens grip on tax evasion by schools
The Income Tax Department has intensified its action against tax evasion in educational institutions by launching surveys across the country.
Escorts Kubota Wins Income Tax Case for AY 1986-87, Reports Stable Q2 Performance
Farm and construction equipment firm Escorts Kubota Ltd on Tuesday (January 14) announced that the Delhi High Court has dismissed
