Taxes on crops were levied during the Mughal rule, and revenue was primarily based on taxes. This was known as jama and hasil. The amount of fixed and collected tax was based on this. However, the ...

The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.

The Union Budget for 2025-26 has maintained fiscal prudence without compromising on the quality of expenditure and the government’s borrowing program has been stable, which is positive for ...

The CBDT Chairman also cited the new tax regime (NTR), where there are no deductions or exemptions allowed like the old ...

The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should ...

After Finance Minister Nirmala Sitharaman presented the 2025-26 Union Budget in the Lok Sabha on Saturday, it is prudent to learn about the basics of the annual set of documents outlining an ...

Barclays faces a significant IT issue affecting basic banking functions, leading to over 4,000 users reporting problems. Key ...

The Income Tax Department is currently hiring for the position of Assistant Director (Systems). Interested applicants can apply online through the official website until February 3, 2025. The ...

The Finance Bill, 2025, proposes an amendment to Section 115UA of the Income-tax Act, which governs the taxation of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), ...

The Finance Bill, 2025, proposes amendments to Section 13 (3) of the Income-tax Act, which specifies conditions under which trusts and institutions lose tax exemptions under Sections 11 and 12 if ...