The Finance Bill 2025 proposes amendments to Section 206C of the Income-tax Act to clarify the definition of “forest produce” and revise the tax collected at source (TCS) rates. Currently, TCS at 2.5% ...

In Budget 2025, reporting entities such as banks and crypto exchanges are now required to regularly report information on ...

Union Budget 2025 catered to the middle class after much backlash over the year. Presented on February 1, 2025, the finance minister announced a big tax relief for professionals. Discussing the merits ...

Beaumont's unique definition of a "balanced budget" raises concerns among City Council members about spending and rainy-day ...

The enormous jump in public capex over the last term of the government — from Rs 3 trillion in the 2019 Budget to over Rs 11 ...

Budget, FM Sitharaman declares that no income tax would be payable up to annual income of Rs 12 lakh, announcing that the ...

This amendment will take effect from the 1st day of April, 2026 and shall accordingly, apply in relation to the assessment year 2026-27 and subsequent assessment years. Clause 3 of the Bill seeks to ...

The Budget 2025 is a liquidity focused, offering significant relief to the middle class while maintaining a strong focus on infrastructure and real estate. With tax slab rationalization, increased ...

Crypto transactions are now to be reported to the Income Tax Department through an method to be notified later. The G20 ...

The Budget 2025 has proposed to tighten certain rules for crypto trading. As per the amendments made, income from VDAs will ...

Finance Minister Nirmala Sitharaman announced significant tax relief for the middle class in Union Budget 2025, with incomes up to Rs 12 lakh now tax- ...

Amid persistent liquidity concerns, the finance minister also raised the credit limits for loans with government guarantees for micro, small enterprises and startups.