To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961.

The committee will submit its report by the first day of the next session, FM Sitharaman said, adding that the Speaker shall ...

Definition: Tax-planning funds cater to the investors' need of minimizing tax burden on the returns from investments. They are also called equity-linked tax saving funds or ELSS. These funds are ...

The exemption level is indexed for inflation, meaning these numbers have increased each year. The 40% top tax rate remains in place. This act expires on January 1, 2026 pushing the exemptions back ...

The new Income-Tax Bill, 2025, likely to be introduced in Parliament on February 13, is expected to provide a clearer definition for online games, tax experts said. Unlike the Income Tax Act ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter ...

The Labour government's changes in car tax regulations mean that owners of electric vehicles will pay the same as petrol and ...

(Mint) The “crisper and simplified” new Income Tax Bill 2025 has replaced the term ‘previous year’ from the 60-year-old Income Tax Act, 1961, with ‘tax year’ and done away with the ...

A petition launched on the Parliament UK website has soared past 10,000 signatures, meaning the government will have to ...

HMRC ramped up warnings ahead of the 31 January deadline, but the number of taxpayers who filed late nearly doubled to 1.1 million taxpayers compared to the previous tax year, according to ...