The Income-Tax department has extended the last date for filing belated or revised return for the 2023-24 fiscal to January ...

These companies now have until December 31, 2025, to comply with the improved manufacturing practices. The extension comes following requests from manufacturing units to upgrade their facilities, the ...

Standard deduction A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before taxes apply to the rest.

The Minister clarified that the tax will only be applied to children’s accounts with a monthly income exceeding Rs. 150,000 and only if the interest amount is included in that income.

The MSME sector witnessed significant developments ... Revised Section 43B of Income Tax Act To address the delayed payments issue faced by small businesses, the government introduced new clause ...

The MSME sector witnessed significant developments in 2024 to address delayed payments, enhance support, and boost ...

Cement-makers eye price hike in January amid improving demand and construction activity pick-up CII bats for personal income tax rate tweaks, excise duty cuts on fuels to boost consumption ...

Wouldn’t that be nice? That is how passive income works. With advancements in technology passive income opportunities are accessible than ever in 2025. Tools like AI automation, online ...

Another prominent suggestion was to introduce a 25% income tax slab for MSME manufacturing units that are partnerships, LLPs, or sole proprietorships with the condition that the 10% saved in taxes ...

India may reduce income tax for individuals earning up to Rs 15 lakh annually in the upcoming budget to support the middle class and drive consumption. This potential change, under the 2020 tax ...

The government is reportedly considering cutting income tax for individuals making up to Rs 15 lakh per year, benefitting millions of taxpayers who dwell in urban areas. According to a report in ...

NEW DELHI, Dec 26 (Reuters) - India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February's budget to provide relief to the middle class ...