The issue is the absence of a precise statutory definition of income. Courts have expanded its meaning to cover all real economic gains unless specifically ...

India is set to witness one of the most significant tax reforms in decades. Starting April 1, 2026, the Central Government ...

Follow the income tax slab changes, revised income tax slabs, new vs old income tax rates and key announcements from FM ...

Exemption on insurance interest awards, nil deduction certificates for small taxpayers, and extension of the ITR filing deadline for non-audit cases to 31 August, key updates for individual taxpayers ...

Sitharaman noted that tax forms have been redesigned to ensure "ordinary citizens can comply without difficulty," marking a ...

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 and ...