As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total population. Assuming there is only one taxpaying member in each family, which of ...

This is different to direct taxes which you pay based on your income and, potentially, your wealth, such as income tax, capital gains tax and inheritance tax. Types of indirect tax Indirect taxes ...

The RBI in its latest bulletin stated that tax relief is expected to enhance disposable incomes and provide a boost to ...

India’s recently presented Union Budget on February 1, 2025, introduces significant tax and regulatory reforms with a strong ...

Unlike direct taxes, which are levied based on a taxpayer’s ability to pay, indirect taxes apply uniformly, regardless of an individual’s financial situation. As a result, lower-income ...

The RBI bulletin pointed out that the government has given a Rs 1 lakh crore tax break to the middle class, which should ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as retailers or producers, who then pass the payments to the government. The ...

This Bill is a much-awaited comprehensive overhaul of a gargantuan piece of complex legislation which should be ...

Broadly, there are two categories of taxes: direct and indirect. Direct taxes are progressive levies, including income tax, wealth tax, and capital gains tax, wherein individuals with greater income ...

When comparing direct vs. indirect real estate investment, several factors can be considered: control, capital and risk, taxes and liquidity. If you want to be the one who manages and makes ...

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

Union Budget 2025-26: Finance Minister Nirmala Sitharaman announced a range of taxation changes, including for both direct and indirect tax. As part of the indirect taxes, FM Sitharaman announced ...