If you are a resident of India, all your global income, wherever received, becomes taxable in India, subject to the provisions of a double tax avoidance agreement. In case no such agreement is ...

NEW DELHI, Dec 26 (Reuters) - India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February's budget to provide relief to the middle class ...

MUMBAI, July 23 (Reuters) - India on Tuesday cut income tax rates for some citizens in an effort to boost consumption as Asia's third-largest economy struggles with uneven growth. The government ...

As a tax-paying citizen in India, you might be already aware of the revision to income tax slabs in India every year. With the new tax regime slabs, certain changes have come about. For instance ...

India’s seemingly high income tax rates are softer than that of several advanced economies, allowing for a better quality of life across income groups, data show. Indian taxpayers, particularly ...

The CBDT said Section 230 does not mandate every individual domiciled in India to secure a tax clearance ... with respect to Section 230 of the Income Tax Act, 1961 after reports claimed that ...

In India, factors such as bracket creep, where inflation pushes individuals into higher tax slabs without a corresponding increase in real income, and the complexity of compliance with multiple ...

This taxability of non resident in India diverges from that for resident Indians, emphasizing the need for NRIs to comprehend their tax obligations regarding capital gains and income generated ...

ITR filing 2024: Non-Resident Indians (NRIs) should make sure to file their income tax returns in India if they have earned income within the country during a particular financial year.

Almost all finance ministers of India have faced the challenge of widening the country's tax net. While the debate over how few people pay income tax in India is old, what is less well-known is ...