Alex Burghart said officials should ensure ‘all appropriate taxes’ have been paid on homes linked to her aunt’s former ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

Meanwhile, resident individuals are also entitled to a rebate of up to 100 per cent of income tax subject to a maximum limit depending on tax regimes as under: ₹ 12,500 for income up to ₹ 5 lakh under ...

In the Budget for FY25, Finance Minister Nirmala Sitharaman announced the decision to abolish angel tax for all classes of ...

Budget 2025 is likely to prioritise fiscal discipline, minor tax tweaks, and cautious consumption boosts over bold reforms.

A unified tax structure that converges elements of the Old and New Tax Regimes can simplify compliance while retaining taxpayer benefits. The following rationalized tax slab structure combines the ...

The Union Budget 2025 could bring a major overhaul to India's taxation system with the introduction of joint taxation for ...

While the old regime allows for various exemptions and deductions, the new regime offers reduced tax rates with limitations ...

Despite the potential vulnerability to sudden increases in regional geopolitical tensions and significant drops in oil prices ...

India's GDP growth rate decline, official estimates questioned, and economic slowdown analysis by experts and academics.

Budget 2025 is scheduled to be presented on February 1, 2025. The Budget will announce proposals for the FY 2025-26.

The ICAI's Budget 2025 proposal for joint taxation of married couple aims to ease financial stress, boost compliance, and ...