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Govt Scraps Tax on Motor Accident Compensation

Govt Scraps Tax on Motor Accident Compensation

Under the existing norms, the principal compensation amount was treated as a capital receipt, effectively making the...

1 Feb 2026 8:16 PM IST

Parliamentary Panel Reviews New I-T Bill, Pushes For Key Recommendations

Parliamentary Panel Reviews New I-T Bill, Pushes For Key...

Meanwhile, the panel, headed by BJP’s senior member Baijayant Panda, also tabled its report with new suggestions in the...

22 July 2025 1:07 AM IST

Jewellers rejoice as revision in TDS in make business smooth

Jewellers rejoice as revision in TDS in make business smooth

A key move has been the reduction of import duties on jewellery from 25 per cent to 20 per cent and on platinum from 25...

2 Feb 2025 1:20 AM IST

TDS limit for senior citizens doubled to Rs 1 lakh

TDS limit for senior citizens doubled to Rs 1 lakh

Currently, both TDS and TCS are being applied on any transaction relating to the sale of goods.

1 Feb 2025 11:24 PM IST

Standard Deduction Limit in New Tax Regime Raised

Current Affairs

Standard Deduction Limit in New Tax Regime Raised

Mumbai: The Union Budget 2024-25 presented on Tuesday revised the tax slab rates and the standard deduction for the...

24 July 2024 12:34 AM IST