In India, the Income Tax department imposes a tax on transactions of money above the prescribed limit. All people must pay ...

Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax ...

The Indian economy is likely to get a boost from rural demand picking up and a government-announced tax relief that is ...

India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media ...

The new Income Tax Bill leaves the definition of NRIs and residents unchanged, offering clarity but maintaining existing ...

The bill advances the Modi government’s "ease of doing business" initiative by providing a clear and simple tax framework ...

Finance Minister Nirmala Sitharaman on Monday clarified that the massive income tax relief given in Budget 2025 doesn’t mean that the government has shifted focus to consumption from capital ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

The tax relief announced in the Union Budget will act as a catalyst for the quick service restaurant (QSR) businesses in India, which has seen the beginning of a cyclical upturn in the ...

Donations to institutions promoting yoga are tax deductible under Section 80G of the Income Tax Act. Individuals can claim a ...

India is a global leader in space research, contributing significantly to both national and international exploration. The ...

In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG ...