Trump Warns of 100% Tariff, Tech Export Curbs on China

Washington- President Donald Trump on Friday threatened to place an additional 100 per cent tax on Chinese imports starting on November 1 or sooner,...

Income Tax Act Receives President’s assent

New Delhi- President Droupadi Murmu has given her assent to the Income-tax Act, 2025, which will replace the archaic Income Tax Act, 1961.The Income...

Lok Sabha Passes New Income Tax Bill In Just 3 Minutes

New Delhi- The Income Tax Bill (No.2) 2025 - a major legislative move to replace the 63-year-old law governing income taxation for individuals and...

Sitharaman Withdraws Income Tax Bill In LS; New Bill To Be Introduced On Aug...

New Delhi- Finance Minister Nirmala Sitharaman on Friday withdrew the Income Tax Bill, 2025, in the Lok Sabha, and the government will come out...

Net Direct Tax Mop-Up Dips 1.34 Pc To Rs 5.63 Lakh Cr On Higher...

New Delhi- Net direct tax collection fell 1.34 per cent to about Rs 5.63 lakh crore till July 10 of the current financial year,...

Govt Notifies ITR Forms; Individuals With LTCG Up To Rs 1.25 Lakh Can File...

New Delhi- The government has notified the income tax return forms 1 and 4 for assessment year 2025-26, and made it easier for individuals...

Net Direct Tax Kitty Rises 13% To Rs 21.26 Lakh Crore Till Mar 16

New Delhi- Net direct tax collection grew 13.13 per cent to over Rs 21.26 lakh crore so far this fiscal aided by by higher...

Net Direct Tax Kitty Grows 16.45 Pc To Rs 15.82 Lakh Crore Till Dec...

New Delhi- Net direct tax collection grew 16.45 per cent year-on-year to over Rs 15.82 lakh crore till December 17 this fiscal, buoyed by...

CBDT Extends Tax Return Filing Deadline To Dec 15

New Delhi- Tax authorities have extended the income tax return filing deadline by another 15 days to December 15 for the financial year 2023-24.The...

Govt To Exceed FY25 Direct Tax Collection Target: CBDT Chief

New Delhi- The government will exceed the Rs 22.07 lakh crore direct tax collection target set for the current fiscal, Central Board of Direct...