As FY25 nears its end, investors must navigate key tax changes in mutual funds. Equity fund STCG rises to 20%, LTCG to 12.5%.

Tax Deduction at Source on Payments to Partners. I. Executive Summary. Section 194T of the Income Tax Act, 1961, effective fr ...

The proposed new tax regime will be implemented from April 1, 2025. An income up to Rs 12,75,000 will be tax-free for ...

In the realm of taxation, income is classified into various categories, with one of the most significant being Income from Business and Profession. This ...

Here's what military service members can do to reduce the likelihood of unpleasant errors in their first year of filing taxes ...

The new bill aims to simplify the existing Income Tax Act and one of the key changes introduced in the New Income Tax Bill, 2025, pertains to the concept of the 'tax year.' ...

If you have money in retirement accounts, you may have to start taking required minimum distributions, or RMDs, when you turn ...

India’s income tax system still seems too combative, as seen in its data on tax disputes, and a new draft bill only offers to ...

With the Congress trying to pass a $7 trillion budget, who pays for it? One segment pays the largest percentage of all income ...

Business representatives, researchers, and investment promotion groups have proposed policy consistency, uniform tax holidays for special economic zones, and a standardised VAT rate to boost and ...

Indians have long had a confrontational relationship with the nation’s tax office, whose adversarial approach has crushed ...