Indian Finance Minister Nirmala Sitharaman delivered her eighth budget speech in the Lok Sabha on Saturday, unveiling a series of proposals designed to bolster domestic growth, support the middle ...

Ministry of Finance addressed revenue loss and benefits related to tax incentives for corporates. From Assessment Year (AY) 2020-21 to AY 2024-25, companies claimed various income tax exemptions and ...

ITAT Chennai held that although the assessee company was following the mercantile system of accounting, only real income could be brought to tax. Hypothetical income cannot be taxed. Hence, appeal of ...

Cryptocurrency traders in India may face significant ... Unit. Crypto tax laws gained increased interest worldwide in June 2024 after the US Internal Revenue Service (IRS) issued a new crypto ...

India's Finance Minister Nirmala Sitharaman revealed significant changes to the country's tax laws, which will now encompass cryptocurrencies under Section 158B of the Income Tax Act. This section ...

Budget 2025: Borrowings and Liabilities contribute the most to the budget’s revenue, making up 24% of the total. This is a slight drop from 27% last year. Income Tax ranks second, accounting for ...

Union Budget Explained: After Finance Minister Nirmala Sitharaman presented the 2025-26 Union Budget in the Lok Sabha on Saturday, it is time to know where does Centre collects every 1 rupee of ...

HYDERABAD: Telangana topped the country in own tax revenue (OTR ... depend on urbanised service-driven economies, the survey said. “Between FY16 and FY21, India experienced a significant ...