Income Tax Appellate Tribunal allows Congress to operate accounts with I-T Dept lien

Feb 16, 2024

In an interim relief to the Congress party on Friday, the Income Tax Appellate Tribunal (ITAT) allowed it to operate its frozen bank accounts...

Sitharaman says "numbers speak for themselves" as Indians increasingly opting new tax regime

Aug 21, 2024

In the Budget for 2020-21, the government, in order to provide relief to individual taxpayers and to simplify the income-tax law, had proposed to...

Big tax relief to boost disposable income, stimulate consumption: Experts

Feb 02, 2025

Tax experts, industry observers, and banking leaders have lauded the Union Budget 2025-26 for its focus on economic growth, tax relief, and innovation across...

Budget 2025: One crore middle-income taxpayers to be out of tax net with raised exemption limit

Feb 01, 2025

Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant...

Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till Jan 31: Centre

Feb 07, 2023

As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).

Want budget to provide relief in income tax, says Chandigarh resident

Jan 29, 2024

Chandigarh residents expressed their expectations from the upcoming budget.