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ITR Filing FY 2024-25: Revised Deadlines, Penalties And Key Updates
The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return (ITR) filing due date for AY 2025-26 from July 31 to September 15.
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Trump's Tariff Plans Would Cost US Employers $82.3 Billion: Analysis
An analysis finds a critical group of US employers would face a direct cost of $82.3 billion from President Donald Trump's current tariff plans, a sum that could potentially be managed
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Government Extends Top Tax Authority CBDT Chairman's Tenure By A Year
The government has extended the tenure of Ravi Agrawal as the Chairman of the Central Board of Direct Taxes (CBDT) by another year.
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"Tax On Americans": China's Message To US Citizens Amid Trump's Tariff War
Amid the escalating trade war between the United States and China, Beijing seems to have altered its strategy of dealing with Washington by aiming its message directly at the American public instead of the Trump administration.
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India Pegged As Top Source Market For London's Ambitious New 'Growth Plan'
London has unveiled an ambitious new 'growth plan' to provide an estimated 27 billion pounds extra tax revenue to fund vital public services in London, with India pegged as its number one source market in terms of foreign direct investment (FDI).
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For Every Rupee, 66 Paise To Come From Direct, Indirect Taxes: Budget Document
For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents.
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Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
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Direct Tax Decoded: How It Affects Your Income And Investment
The primary feature of direct taxes is that they are paid directly by the taxpayer to the government, without the involvement of any intermediary.
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What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
-
New Regime Or Old Regime - Which Income Tax Slab Works Best For You?
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year.
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Deadline For Filing Revised Income Tax Return Extended To January 15: Tax Body
The last date for filing an Income Tax Return for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31, but now, the CBDT has extended this deadline to January 15.
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Infosys $4 Billion Tax Demand Likely To Be Withdrawn After Backlash: Report
India is likely to retract its demand that Infosys pay $4 billion in back taxes after weeks of lobbying by the IT giant and an onslaught of criticism from the software services industry, said two government sources with direct knowledge of the plan.
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Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
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Net Direct Tax Collection Grows 22% To Rs 6.93 Lakh Crore: Government Data
Net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday.
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Direct Tax Collection Surges 20% To Rs 5.74 Lakh Crore In 2024-25 So Far
India's net direct tax collection posted a robust 19.5% growth to Rs 5.74 lakh crore as on till July 11 of the current financial year compared to the same period of the previous year, according to the Income Tax Department.
-
ITR Filing FY 2024-25: Revised Deadlines, Penalties And Key Updates
The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return (ITR) filing due date for AY 2025-26 from July 31 to September 15.
-
Trump's Tariff Plans Would Cost US Employers $82.3 Billion: Analysis
An analysis finds a critical group of US employers would face a direct cost of $82.3 billion from President Donald Trump's current tariff plans, a sum that could potentially be managed
-
Government Extends Top Tax Authority CBDT Chairman's Tenure By A Year
The government has extended the tenure of Ravi Agrawal as the Chairman of the Central Board of Direct Taxes (CBDT) by another year.
-
"Tax On Americans": China's Message To US Citizens Amid Trump's Tariff War
Amid the escalating trade war between the United States and China, Beijing seems to have altered its strategy of dealing with Washington by aiming its message directly at the American public instead of the Trump administration.
-
India Pegged As Top Source Market For London's Ambitious New 'Growth Plan'
London has unveiled an ambitious new 'growth plan' to provide an estimated 27 billion pounds extra tax revenue to fund vital public services in London, with India pegged as its number one source market in terms of foreign direct investment (FDI).
-
For Every Rupee, 66 Paise To Come From Direct, Indirect Taxes: Budget Document
For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents.
-
Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
-
Direct Tax Decoded: How It Affects Your Income And Investment
The primary feature of direct taxes is that they are paid directly by the taxpayer to the government, without the involvement of any intermediary.
-
What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
-
New Regime Or Old Regime - Which Income Tax Slab Works Best For You?
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year.
-
Deadline For Filing Revised Income Tax Return Extended To January 15: Tax Body
The last date for filing an Income Tax Return for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31, but now, the CBDT has extended this deadline to January 15.
-
Infosys $4 Billion Tax Demand Likely To Be Withdrawn After Backlash: Report
India is likely to retract its demand that Infosys pay $4 billion in back taxes after weeks of lobbying by the IT giant and an onslaught of criticism from the software services industry, said two government sources with direct knowledge of the plan.
-
Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
-
Net Direct Tax Collection Grows 22% To Rs 6.93 Lakh Crore: Government Data
Net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday.
-
Direct Tax Collection Surges 20% To Rs 5.74 Lakh Crore In 2024-25 So Far
India's net direct tax collection posted a robust 19.5% growth to Rs 5.74 lakh crore as on till July 11 of the current financial year compared to the same period of the previous year, according to the Income Tax Department.
