In India, taxpayers can switch between old and new income tax regimes annually, but business income earners have limited ...

Before filing your income tax return, it is vital to compare the tax computation under both the tax regimes i.e., old and new ...

If you are availing exemptions or deductions under the old tax regime, the new tax regime may lead to a higher tax outgo.

In Budget 2025, the Finance Minister has given a big relief to the taxpayers by increasing the level of zero income tax ...

Income tax planning is important to ensure timely compliance and avoid penalties. Taxpayers should stay aware of upcoming ...

When Liability for Advance Tax arises? Under Section 208 of the Income-tax Act, every taxpayer, whose tax liability for a ...

ITAT Jaipur held that amount of sundry debtor recorded in books of account are not any money, bullion, jewellery or other ...

Salaried employees can select their tax regime at the start of each financial year. If no preference is given, employers will deduct tax under the new regime by default.

ITAT Pune held that delay in filing audit report in Form 10CCB due to technical problem is justifiable and hence denial of claim under section 80IAC of the Income Tax Act not justified. Accordingly, ...

These financial revisions include changes in cooking gas prices, updates in fixed deposit rates, etc. All these come into ...

Watch the moment No Other Land, a Palestinian-Israeli film won the Oscar for best documentary. Amritsar techie in disbelief ...

The following is a news release from the Idaho State Tax Commission. BOISE — As you prepare to file your 2024 Idaho income ...