TAG: direct tax
No changes in new tax regime from April 1: Finance Ministry
No changes are being made to the new tax regime from the financial year 2024-25, which begins April 1, the finance ministry has said, describing as misleading some social media posts that said otherwise.Though the new tax regime is the default one, taxpay...
6 months ago
Net direct tax collection jumps over 22% till Aug 11
India's net direct tax collections grew 22.48 percent to Rs 6.92 lakh crore till August 11 in the current financial year as compared to Rs 5.65 lakh crore in the corresponding period of FY24, the income tax department said on August 12.The Central Board o...
2 months ago
Supreme Court disposes of 573 direct tax cases under revised monetary limits
In a major step towards reducing tax litigation, the Supreme Court on September 24 disposed of 573 direct tax cases where the tax effect was less than Rs 5 crore. This move is aligned with the revised monetary thresholds for filing tax appeals, which were...
3 weeks ago