The finance minister is all set to present Budget 2025 on February 1, 2025. There are speculations that the government will ...

The Direct Tax Code is expected to be introduced in Budget 2025 and implemented gradually thereafter. The government is ...

The direct tax code (DTC) aims to simplify India’s intricate tax system, making it more accessible and easier to follow.

Increased standard deductions: A proposal to raise the standard deduction from Rs 75,000 to Rs 150,000 has gained significant ...

India’s corporate sector remains hopeful that the government will revive the growth trajectory and continue the momentum, ...

As natural disasters leave many Americans facing economic hardship, the tax code’s casualty loss deduction is providing assistance primarily to the wealthiest taxpayers. A reformed casualty ...

Finance minister Nirmala Sitharaman plans to introduce a bill for a new direct tax law during the budget session. The focus ...

In a letter exclusively shared with BI, Sens. Elizabeth Warren and Chris Coons said the program "meets the DOGE leaders' ...

Comptroller Brooke E. Lierman announces the 2025 Tax Filing Season in Maryland, with a focus on modernizing tax collection and making it easier for Marylanders to claim the Earned Income Tax Credit ...

The government of India has been actively pushing for reforms to modernize the tax regime and the ecosystem. After the rationalisation of the capital gains tax regime in Budget 2024, there are strong ...

If I file my tax return and pay the bill and it later turns out that the calculations or my tax code weren't correct, can I ...

Will Finance Minister Nirmala Sitharaman replace the current Income Tax Act with a Direct Tax Code? As the country prepares ...