These cash transactions may attract up to 100% penalty by Income Tax Department
Recently in a brochure the Income Tax Department has said that taxpayers should avoid using cash for their daily transactions ...
The Financial Express5 小时
Budget 2025: Simplified tax code in Budget session to skip reforms
The DTC Bill in its original form in 2010 as well as in 2013 proposed a big-ticket overhaul in the taxation regime on the ...
Live Law13 小时
Reduction In Share Capital Amounts To Transfer Of Capital Asset Under Income Tax Act ...
The Supreme Court (recently on January 02) reiterated that reduction in share capital is covered under Section 2(47) of the ...
Income Tax Return Filing: Which salaried employees need to submit investment proofs to cut ...
Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and ...
Government to simplify decades-old income tax filing rules in upcoming Budget
India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law ...
What is a national consumption tax? Here's how it differs from income tax.
Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes ...
The Times (Shreveport) on MSN13 小时
Reformed tax policies to stricter voting rights: New Louisiana laws take effect in 2025
Louisiana will see significant changes as a number of laws took effect Jan. 1. The new laws, which range from reformed tax ...
Tax Guru11 天
Excise Duty Exemption Not Taxable under Income Tax Act, 1961
1. This appeal is directed against the order dated 15.06.2023 passed by the Income Tax Appellate Tribunal, Amritsar Bench, ...
What is 'Income Tax Department'
Income Tax Department (ITD) in India is a government body that handles the collection and management of direct taxes. Income Tax Department falls under the Department of Revenue, which is part of the ...