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Tax Department has issued a warning kind of reminder via a message in which it said that the deduction claimed under Section 80GGC for donation in ITR may be verified.

Income Tax sends Warning to Salaried Taxpayers who made donations to political parties

Notifications

The Central Board of Direct Taxes (CBDT) has notified the Tax incentives for IFSC (International Financial Services Centres) via issuing a Notification.

CBDT notifies Tax incentives for IFSC [Read Notification]

News

Mild cuts in personal income tax rates to stimulate spending, as well as a concessional Corporate Tax scheme to support the 'Make in India' policy, are expected in Budget 2025-26.

Budget 2025: Income Tax Cuts and Increased Gold Tariffs anticipated in Upcoming Budget

In a letter, the apex traders' group urged the government to rename Income Tax as 'Rashtra Nirmaan Sahyog Nidhi' (Nation Building Cooperation Fund) and urge a relief for the middle class.

Budget 2025: CTI recommends renaming Income Tax to National Development Cooperation Fund; Urges FM to focus on Middle Class and SME Traders

As Budget 2025 approaches, India's personal finance ecosystem is poised for a revolution.

Budget 2025: Time to Reform Personal Taxation and Reward Taxpayers

Personal tax plays an important role in the country's economic growth and social equity. The changes in the Union Budget 2024-25 show that the government's focus on making the tax system simpler

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Income Tax sends Warning to Salaried Taxpayers who made donations to political parties

CBDT notifies Tax incentives for IFSC [Read Notification]

Budget 2025: Income Tax Cuts and Increased Gold Tariffs anticipated in Upcoming Budget

Budget 2025: CTI recommends renaming Income Tax to National Development Cooperation Fund; Urges FM to focus on Middle Class and SME Traders

Budget 2025: Time to Reform Personal Taxation and Reward Taxpayers

Expectations for Budget 2025: Simplifying Income Tax Slabs, Reducing Tax Rates, and Clarifying Residency Rules