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CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated
Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…
PTI
India economic momentum remains intact, set to achieve 6.5-7% growth, says Finmin Report
Tax collections, especially indirect taxes, which reflect transactions, are growing healthily, and …
PTI
Provisions of TDS/TCS, in case of death of deductee or collectee relaxed by govt
On April 23, 2024, CBDT extended the date for linking of PAN and Aadhaar May for the taxpayers (for…
ANI
Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary
Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…
First draft of new and simplified Income Tax law to be prepared by internal tax dept committee: Revenue Secretary
The exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the i…
PTI
After outrage, Govt clarifies: tax clearance certificate only for people with tax dues, high-value defaulters
As per section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax cleara…
PTI
India's digital public infrastructure is transforming country's economic landscape, notes RBI
Built on principles of public good, open access, and regulatory fairness, India Stack has become a …
ANI
India's electronics manufacturing projected to double in next five years: ICICI Direct
The first quarter earnings season in the Indian stock market is almost over, with most major listed…
ANI
Removed Angel Tax, taking policy measures to promote fintech sector: PM Modi
Lauding the fintechs for democratising financial services, Modi said the sector, which has attracte…
PTI
Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000
More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…
Proposals to tax unrealized capital gains would 'kill the stock market,' billionaire investor Mark Cuban says
"She's open minded, she's not an ideologue, she wants to do what's best for business," Mark Cuban s…
Matthew Fox
Confused about the new tax regime? Here's when you should opt for it
The new regime was introduced in budget 2020 to simplify taxation, and offer lower rates of taxes c…
Govt to abolish angel tax on investments in startups
The removal of the angel tax is expected to be a boost for startups as it will help in promot…
PTI
All you need to know about Ola Electric's IPO: Should you subscribe or not?
With a price band of Rs 72–76 per share, only 10% of the issue is available for retail investors. I…
Something Harris and Trump can agree on: Tips for service workers should not be taxed
Both Vice President Kamala Harris and former President Donald Trump favor ending taxes on tipped in…
Katie Balevic
Infosys says Karnataka govt withdrawing pre-show cause notice on GST notice
Infosys says that the Karnataka State authorities are withdrawing the pre-show cause GST notice iss…
ANI
Direct tax collections rise 18% so far in current financial year
The government's gross direct tax collections have risen by 16.77 per cent to touch Rs 17.18 lakh c…
Removal of indexation benefit will lead to huge inflow of black money in real estate: Raghav Chadha
Asking the government to roll back the proposal, Chadha, while taking part in the discussion on the…
PTI
Decoding capital gains taxes: What FM Nirmala took from your pocket, what she gave you in Budget 2024
All listed securities will be considered long-term capital assets (and hence, LTCG will be levied) …
Union Budget 2024-25 key highlights: Angel tax to be scraped
You can watch the presentation live on the official Youtube channels of the government. After her s…