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 ...

Almost all finance ministers of India have faced the challenge of widening the country's tax net. While the debate over how few people pay income tax ... in additional revenue, there is a limit ...

Below is a detailed analysis of GST revenue collections that provides valuable perspectives on the tax system's impact on different sectors and regions. GST, i.e., Goods and Services Tax in India ...

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 ...

The government is considering raising the standard deduction and adjusting income tax slabs in the upcoming ... seen to be crucial in a country like India where individuals, barring those in ...

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 ...

Finance minister Nirmala Sitharaman’s eighth union budget, set to be presented on 1 February, provides a critical opportunity to boost Indian ... income tax cuts could impact this strong revenue ...

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 ...