Finance Bill 2025 proposes removing Sections 206AB and 206CCA of the Income-tax Act, which currently mandate higher tax deduction (TDS) and tax collection (TCS) rates for non-filers of income tax ...
Section 17 of the Income-tax Act defines perquisites, including benefits provided by employers to employees. Currently, employee benefits such as free or concessional amenities are exempt from ...
The government has also reduced import duties on battery manufacturing materials, which will encourage EV makers to offer better battery packs at a more affordable price, reducing the overall costs of ...