New Delhi, March 31 The new income tax law and other budgetary provisions, including a higher Securities Transaction Tax (STT) on F&O trading and a lower TCS on overseas tour packages and LRS remittances for medical and educational purposes, will come into effect from April 1.Also, the Budget...
New Delhi, March 23 The Income Tax department on Monday said its e-filing portal will facilitate compliance under the old and Income Tax Acts, and all assessments, appeals, and other proceedings relating to earlier years will continue to be conducted under the old Act until their final...
In New Delhi, on March 20, Nirmala Sitharaman emphasized that taxpayers are not adversaries and urged income tax officers to simplify compliance for honest taxpayers while leveraging technology to combat willful tax evasion.Addressing the "PRARAMBH 2026: Nationwide Awareness Campaign on the...
Finance Minister Nirmala Sitharaman stated today that the Income Tax Act 2025 reduces errors, disputes, and compliance costs. Speaking at the PRARAMBH 2026, a nationwide campaign on the Income Tax Act, 2025, in New Delhi, the Minister emphasized that the new act is less ambiguous and provides a...
act recasting
april 1st
government regulations
incometaxincometaxact2025incometax officials
india
nirmala sitharaman
presumptive taxation
small business
tax compliance
tax legislation
tax reform
taxation
taxpayer relations
New Delhi, March 20 – The Central Board of Direct Taxes on Friday announced the rules for the Income-tax Act, 2025, which provides enhanced tax benefits for HRA to salary earners but mandates disclosure of the landlord-tenant relationship.The Income-tax Rules, 2026 will operationalize the...
asset holding period calculation
audit responsibilities
capital gains
central bank digital currency (cbdc)
crypto exchanges
foreign incometax
hotel/restaurant bill pan requirement
hra exemption
immovable property pan requirement
incometaxact2025incometax rules 1962
incometax rules 2026
landlord-tenant disclosure
motor vehicle pan requirement
permanent account number (pan) requirements
tax credit claims
tax liability
New Delhi, March 10 President Droupadi Murmu said on Tuesday that tax officers must exercise the authority entrusted to them with humility, restraint, and an unwavering commitment to constitutional values.Addressing a group of Indian Revenue Service (Income Tax) officers who had called on the...
New Delhi, February 26 Revenue Secretary Arvind Shrivastava said on Thursday that customs procedures must actively enable Indian exporters to access global markets with speed and certainty, as India increases its focus on expanding domestic manufacturing, and supporting MSMEs and entrepreneurs...