Tax planning must start in April, at the beginning of the financial year. Yet, many do the job at the last minute, when they have to submit the proof investment.

With Budget 2025 approaching, debates intensify over the potential scrapping of the Old Tax Regime amidst tax reforms.

The last Union Budget did not make changes to the old tax regime but introduced modifications to the new tax regime to make it more appealing.

The Bombay High Court has directed the Central Board of Direct Taxes (CBDT) to extend the deadline for filing updated and ...

Within the old tax slab, people with the income up till ₹2,50,000 are not taxed anything. Till ₹5,00,000 they are taxed 5%, ...

Losses remaining after inter source and inter head set off can be carried forward for set-off against the income earned in ...

As the year 2024 nears its end, LiveLaw brings to you a summary of important Supreme Court judgments of the year rendered in ...

The government views this adjustment as a means to stimulate household spending, especially among urban dwellers who face high living costs.

File your income tax return by December 31 to avoid penalties, jail term, and higher TDS rates. Be compliant to avoid ...

Starting from 2024, the default tax-filing regime will be the New Tax Regime, which features a simplified process but limited ...

Discover why residents of Sikkim don’t pay income tax, thanks to a special provision in the Indian Constitution and the ...