Meanwhile, resident individuals are also entitled to a rebate of up to 100 per cent of income tax subject to a maximum limit depending on tax regimes as under: ₹ 12,500 for income up to ₹ 5 lakh under ...

OTTAWA - Former Bank of Canada governor Mark Carney signalled through his campaign team Friday that he will launch his bid to replace Prime Minister Justin Trudeau as leader of ...

Political parties have criticised the government for increasing value-added tax (VAT) and supplementary duty (SD) on nearly ...

Alex Burghart said officials should ensure ‘all appropriate taxes’ have been paid on homes linked to her aunt’s former ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

In the Budget for FY25, Finance Minister Nirmala Sitharaman announced the decision to abolish angel tax for all classes of ...

As Budget 2025 approaches, whispers of scrapping the old income tax regime have grown louder. Has the old regime lost its ...

Budget 2025 is likely to prioritise fiscal discipline, minor tax tweaks, and cautious consumption boosts over bold reforms.

A unified tax structure that converges elements of the Old and New Tax Regimes can simplify compliance while retaining taxpayer benefits. The following rationalized tax slab structure combines the ...

The Union Budget 2025 could bring a major overhaul to India's taxation system with the introduction of joint taxation for ...

While the old regime allows for various exemptions and deductions, the new regime offers reduced tax rates with limitations ...

Despite the potential vulnerability to sudden increases in regional geopolitical tensions and significant drops in oil prices ...