The new Income Tax Act 2025, replacing the six-decade-old Act of 1961, will take effect from April 1 with no immediate changes to tax slabs or rates.

The proposed amendments rationalise tax provisions, simplify reporting rules, and introduce clearer deductions and exemptions. The reforms aim to improve voluntary compliance and reduce tax ...

The NSE Nifty 50 dropped 1.6% to settle below the 23,900 mark, while the BSE Sensex fell more than 1,300 points to close ...

GST Rules For Online Sellers: Thousands of small businesses and individuals now sell products online through platforms like Amazon, Flipkart, and Meesho. However, one question continues to confuse ...

Thousands of Indians are forming US companies for their freelance and SaaS income. They research the IRS obsessively. Almost none of them have looked at what FEMA requires - and what happens when they ...

As the financial year draws to a close, millions of salaried taxpayers across India enter a decisive phase. What was once a routine process of submitt.

Indian equity benchmarks indices, Sensex and Nifty50 posted their best session in over a month as risk appetite got a boost on signs of resolving tension between the US and Iran. At the closing bell, ...

Discover how the South African government is tightening tax regulations to prevent high-net-worth individuals from exploiting donations tax exemptions. This article explores the implications of the ...

Severance pay received after job termination is taxable. Individuals must pay advance tax by March 15 to avoid penalties. This payment is treated as salary income and taxed at normal slab rates.

If advance tax instalments are not paid by their respective due dates, interest is charged at the rate of 1percent per month ...