New Income Tax Act: A major chapter is about to be added to India's tax history. The central government has decided to consign the 64-year-old Income Tax Act, 1961, to the pages of history. A ...

North Country SAVER and North Country ANGLER - provide insight into the news and happenings of northern Minnesota, alongside ...

The draft income-tax rules make it clear that several salary-linked exemptions and non-taxable perquisites continue to be ...

Under the Income Tax Act (ITA), 2025, the government has renumbered most sections without materially changing the core philosophy of the current Income Tax Act, 1961.

Taxable income is determined by starting with gross salary, as per the salary slip, and applying regime-specific exemptions ...

The Madras High Court has dismissed actor-politician Vijay’s plea, upholding a Rs 1.5 crore tax penalty linked to undisclosed ...

The Finance Bill, 2026 proposes sweeping changes to TCS, return filing timelines, penalties, and MAT to simplify compliance and reduce ...

The amendment clarifies that guidelines issued to resolve TDS/TCS difficulties are binding on both tax authorities and deductors. This ensures uniform application and reduces interpretational ...

Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing ...

Budget 2026 significantly softens penalties for income tax defaults. The jail term for failing to file ITR with tax exceeding ...

Zohran Mamdani's millionaire tax proposal could precipitate an economic and political crisis in New York City.

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