Bharatiya Janata Party (BJP) Lok Sabha MP Tejasvi Surya on Thursday praised the new Income Tax Bill, stating that the legislation will make the lives of India's taxpayers much easier.
"The Union Finance Minister had said that the new Income Tax Bill will be simpler than the previous bill. In the previous Bill, there were 296 sections. In the new Bill, there are more than 500 sections. In the previous Bill, there were 5 schedules. In the new Bill, there are 14 schedules
Singapore, February 13: Global technology company CrimsonLogic, a wholly-owned subsidiary of PSA International and a leader in digital trade, digital ports, and technology solutions, is expanding its proprietary Generative AI (GenAI) advisory platform "AskCL", through a strategic collaborati
Directorate General of GST Intelligence (DGGI), Pune Zonal Unit, has uncovered a massive GST fraud amounting to Rs 1,196 crore and has arrested one person in connection with the case.
Hyderabad (Telangana) [India], February 12: String Metaverse Ltd (BSE: BGPL), the first Web3.0 company to be listed on the Indian stock markets, has announced impressive financial results for the first nine months of FY25 (Q1-Q3), reporting revenue of Rs253.51 Cr and a Profit After Tax (PAT)
New Delhi [India], February 12: PAN or Permanent Account Number is an essential document needed for various financial transactions exceeding a certain value. It is designed to help the IT Department keep track of your taxes and high-value transactions to prevent tax evasion. Generally, PAN C
India's direct tax collections have witnessed a robust growth of 19.06 per cent year-on-year (YoY), reaching Rs 21.88 lakh crore in the financial year 2024-25 (up to February 10, 2025), as per the latest data released by the Income Tax Department.
The Supreme Court has ruled that lottery distributors are not liable to pay service tax to the Centre, affirming that only state governments have the authority to impose taxes on lotteries, dismissing the Centre's appeal.
Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation.
The technical textiles market in India, worth USD 29 billion in 2023-24, is set for significant expansion, fuelled by Budget 2025's increase in Basic Customs Duty (BCD) on knitted fabrics and tax breaks for textile machinery, according to Rubix Data Sciences, an analytics services provider.
Rajya Sabha on Monday took up discussion on the Union Budget with senior Congress leader and former Finance Minister P Chidambaram slamming Union Budget 2024-25 saying that tax proposals not only benefit the middle class but also the rich and richest.