Ministry of Finance, through Notification No. 16/2025 dated February 12, 2025, has notified the Real Estate Regulatory Authority (RERA), Punjab, for tax exemption under Section 10 (46A) (b) of the ...
Income from the Agnipath Scheme (Section 80CCH) Allowances Still Exempt under New Tax Regime 2025 Transfer-Related Allowance: Tax-free transition expenses can be claimed by employees relocating ...
The government has announced that non-salaried individuals earning up to Rs 12 lakh and salaried individuals earning up to Rs 12.75 lakh annually will be completely exempt from income tax.
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...
(ii) The Assessing Officer failed to appreciate that as per the DTAA, gains in respect of shares acquired post 4.2017 are taxable as per the Act and that these are the only losses which are carried ...
Union Finance Minister Nirmala Sitharaman announced during her budget speech on February 1, 2025, that individuals with annual income up to Rs 12 lakh will be exempted from paying income tax under the ...
Section 10 of the Income Tax Act, which previously outlined exemptions for various types of income, including agricultural ...
The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...
The basic exemption, or income free from taxation, has been increased to Rs 4 lakh. Those earning up to Rs 12 lakh do not have to pay any tax under the new regime due to the increased tax rebate under ...
The exemption falls under section 3(b) of the latest executive order, which says: “The head of each agency may permit the provision of any such foreign aid or assistance that, in the discretion ...
Income Tax Calculator ... the basic exemption limit is Rs 3,00,000. For super senior citizens (above 80 years), it is Rs 5,00,000. The Old Tax Regime allows deductions under various sections, such as: ...
There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...