Income Tax dept can attach assets under benami law even if actual owner not traced
The Income Tax department can attach an asset under the anti-benami law even if the actual owner of such a […]
Income Tax Recent News – 2025
Budget 2025: Lower GST, Tax Exemptions In Insurers’ Wish List
With the government’s aim to achieve ‘Insurance for all’ by 2047, the upcoming 2025 Union Budget is expected to see
Budget 2025: Income Tax Slabs For FY 2025-26, Comparing Old And New Tax Regimes
Old Tax Regime vs New Tax Regime: The Finance Act 2024 has amended Section 115BAC, effective from AY 2024-25, designating the
Direct tax collections likely to surpass budget estimates by ₹73k-83k crore, but tax buoyancy to dip
With strong growth in non-corporate tax, net direct tax collection is likely to cross budget estimates by more than ₹73,000-83,000
Budget 2025 Expectations: Rs 10 Lakh Tax Rebate, Rs 2.5 Lakh Mutual Fund LTCG Exemption
Budget 2025 Expectations Income Tax: As Budget 2025 approaches, taxpayers and the business community alike are anticipating key reforms aimed
Special 7? Fake income tax officials busted in Dahod for orchestrating ‘raids’
A gang posing as fake Income Tax (I-T) officers and conducting raids in Sukhsar village of Fatepura, Dahod, has been
ICICI Lombard wins tax appeals, Secures ₹174 cr relief
ICICI Lombard General Insurance Company Limited announced that it has received a favorable order from the Commissioner of Income Tax
Only 1% of tax returns are selected for scrutiny, 99% accepted on trust
Only 1 per cent of tax returns filed by taxpayers are selected for scrutiny, The Economic Times reported on Friday.
Budget 2025: Simplified tax code in Budget session to skip reforms
The much-awaited revamped Income-Tax Act, which will be far simpler and more unambiguous than the current one, may be tabled
These cash transactions may attract up to 100% penalty by Income Tax Department
The Income Tax Department while acknowledging Indian society’s affinity with cash transactions warned that the Income Tax Act, 1961 discourages
