The word ‘notwithstanding’, which was used excessively in the Income Tax Act, 1961, has been done away with in the new Bill.

Telangana High Court held that interest paid for broken period on securities held as stock-in-trade is allowable as deduction ...

Under Section 80M of the present income tax law, Indian companies are allowed to deduct dividends received from domestic or ...

Taxpayers can now easily compare sections of the Income Tax Act, 1961, with corresponding clauses in the new Income Tax Bill, ...

Telangana High Court set aside two impugned orders rejecting the stay of tax demand for AY 2022-23 in the case of Subodh ...

Bharatiya Janta Party National Vice President and Lok Sabha MP Baijayant Panda is appointed as the chairperson of the Select Committee.

Podcast host Ranveer Allahbadia, popularly known as BeerBiceps, landed in hot water after his inappropriate remarks on comic Samay Raina’s YouTube show, India’s Got Latent, went viral online. His ...

In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...

While farmers kept up their protests in Punjab, Union Minister Pralhad Joshi and farmer leaders Jagjit Singh Dallewal and ...

As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total ...