PAN Card i.e. Permanent Account Number is mandatory for every taxpayer. It is a ten-digit unique alphanumeric identification ...

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

Banks in India have found that many foreign nationals, including US citizens, have opened accounts using incorrect tax identification numbers (TINs). The tax office has alerted banks to these ...

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 ...

Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act.

New Income Tax Bill 2025 aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, ...

The new law proposes entities handling crypto assets must furnish details of transactions to tax authorities at a specific ...

According to the new Income Tax Bill -- any information, code, number, or token that is generated through cryptographic means and provides any digital representation of an inherent value -- will be ...

In a post on X, Mittal explained that 90% of tax filers in India have an income below Rs 13 lakh per annum, leading to his conclusion that only a small fraction of the population would contribute ...