The Income Tax Act, 1961, the cornerstone of India’s direct taxation system, is also under review by the government as part ...

"A Hindu Undivided Family is a popular mechanism for tax planning, offering benefits like slab rate taxation and additional ...

In the GST regime, compensation cess at varied rates is levied on luxury, sin and demerit goods over and above the 28 per ...

Income tax policy could change after Trump becomes president, but that won't affect returns that Americans will file for 2024 ...

Income tax payers are often advised to take the help of tax experts before opting for one of the two options available. It is ...

However, rental income is taxed at the individual's slab rate. But there are deductions available on rental income for ...

On the Buttala-Kataragama road, a wild elephant believed to be over 40 years old acts as a toll collector ... as they travellers willingly pay for this admirable tax 'collection' routine.

New Tax Regime vs Old Tax Regime: The Centre offers us two types of ... relief by lowering the effective tax liability for ...

New Tax Regime vs Old Tax Regime ... for relaxed tax slabs for individual taxpayers, aimed at reducing the overall tax burden, particularly for lower and middle-income groups.

In a move that could save them millions, the family of a Labour MP transferred their farmland just 20 days before Chancellor Rachel Reeves announced changes to inheritance tax for farmers.

The revised tax slabs for the New Tax regime ... being requested was under the Old Tax Regime, considering that the New Regime already exempts annual income up to Rs 7.5 lakh from taxes.

Electing into the FIG regime will result in the loss of personal allowances and the capital gains tax annual exempt amount as is the case for remittance basis users. However, qualifying individuals ...