Tag: income tax

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Campari Group is reshuffling a top executive position as CFO and COO Paolo Marchesini leaves his role and becomes vice chairman of the company's board of directors. The move, which...

Tax dept builds case on Jane Street: Authorities seek to determine actual ‘decision-makers’; summon Jane’s Indian arm auditor EY

Tax authorities have called upon EY, the auditor of Jane Street's Indian subsidiary, as they build a case against the US...

Income Tax refunds jump 474% since 2013-14, issuance time improves in past 11 years

Income Tax refunds have jumped 474 per cent in the last 11 years to Rs 4.77 lakh crore in 2024-25, significantly outpacing the...

NPS vs UPS: Big move for central government employees! NPS tax benefits now available under UPS – here’s what it means

In a significant move aimed at strengthening the Unified Pension Scheme (UPS), the Finance Ministry has extended income tax benefits currently...

Direct tax collections rise 4.9%; advance tax up 3.9% in FY26 so far

India's direct tax collection for the financial year 2025-26 rose by 4.86% to Rs 5.45 lakh crore as of June 19, according to...

UAE rule, wary I-T to deter dodgy crypto deals

Mumbai: In the lane to launder money, the skill to move cryptos to control companies and properties in Dubai has been honed over...

India’s real GDP growth for FY26 may exceed 6.5 pc: ICRA

Leading ratings agency ICRA, in its latest outlook, has projected that India's real GDP growth for 2025-26 financial year will exceed 6.5 per...

Claimed HRA but skipped TDS? Income Tax department comes knocking with notices

Individuals who have claimed House Rent Allowance (HRA) exemptions in their tax returns over the past few years but failed to deposit the...

We’re 70 With a $1.4M IRA. Does a Roth Conversion Still Make Sense?

Most people are going to end up somewhere in between, where converting to a...

I-T Department digs deep, explores unusual sources for info gathering

MUMBAI: Tax authorities are going to unprecedented levels in using the provision of the law that allows it to collect information from different...

Aam aadmi wants smaller biscuit packs, but brighter jewellery

India’s middle class is facing a peculiar shopping dilemma. On one hand, rising costs are pushing them towards smaller packs of daily essentials....

Budget 2025: FM Sitharaman makes new income tax regime more attractive for salaried taxpayers

Latest income tax slabs: The slab rates are easy to remember, slab changes with every block of 4 lakh and corresponding tax...

Revamping I-T Act: Sitharaman to introduce revised bill half the length of current code for greater simplicity

Finance minister Nirmala Sitharaman will introduce a new income tax bill in parliament next week that will be half as long as the...

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