VIEW |New Income Tax Bill: A deep dive into the reforms
The much-awaited Income-tax Bill, 2025 (Bill) which is proposed to be effective from April 1, 2026, has been laid before the ...
Tax Guru2d
Hypothetical Income Not Taxable Under Mercantile System: ITAT Chennai
ITAT Chennai held that although the assessee company was following the mercantile system of accounting, only real income could be brought to tax. Hypothetical income cannot be taxed. Hence, appeal of ...
Tax Guru3d
Income Tax Return Filings in India: Trends and Government Measures
The number of income tax return (ITR) filings in India has increased over the past five years, with state-wise and year-wise data highlighting the trend. A significant portion of these filings result ...
Newspoint on MSN3d
Check Your TDS Status from Home Using Your PAN Card – A Step-by-Step Guide
Keeping track of your Tax Deducted at Source (TDS) has never been easier. If you want to check your TDS status online, this ...
New Income Tax Bill: What taxpayers want from Modi government’s latest Income Tax Act - KPMG survey reveals
In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG ...
rediff.com4d
No Of Nil Tax Returns Nearly Doubles In 5 Years
In fact, in the last five years, the number of nil returns has increased each year. As per the data, the number of nil ...
I-T return filings rise nearly 4% to 83.9 million in FY25: Govt data
To include more taxpayers within the income tax framework, the scope of Tax Deducted at Source (TDS) and Tax Collected at ...
Canada6d
Tax rates and income brackets for individuals
The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates. Provincial or territorial income tax rates apply in ...