The Income Tax Bill, 2025 withdrawn, an updated version to be introduced on August 11
The Income-Tax Bill, 2025, was introduced in the Lok Sabha on February 13, 2025 to replace the existing Income-Tax …
Direct tax
Income Tax Bill 2025: Income from house property taxation related 2key amendments suggested by select committee, know the impact
The Lok Sabha Select Committee has recommended two key amendments regarding tax deductions on income from house property. One …
Net direct tax collections rise 13.57% year-on-year for FY25
India’s direct tax collections, in gross terms, have witnessed a robust growth of 15.59 per cent year-on-year, reaching Rs 27.02 …
These cash transactions may attract up to 100% penalty by Income Tax Department
The Income Tax Department while acknowledging Indian society’s affinity with cash transactions warned that the Income Tax Act, 1961 discourages …
