Income Tax
Income Tax Day, observed annually on July 24, commemorates the introduction of income tax in India in 1860. The day celebrates tax compliance and …
Income Tax
India observes Income Tax Day on July 24 each year, marking the introduction of income tax in 1860. The day celebrates tax compliance and …
Income Tax
India celebrates Income Tax Day marking 167 years since its introduction in 1860. The journey from colonial revenue tool to digital-first tax system reflects …
Income Tax
The Allahabad High Court ruled that income tax notices issued to deceased persons are invalid, reinforcing that tax laws apply only to living individuals …
Income Tax
Japan Credit Rating Agency has upgraded India's sovereign rating to A- from BBB+, citing robust economic growth and improving fiscal metrics. This upgrade could …
Income Tax
India's net GST collections rose to ₹1.68 trillion in August, marking an 8.3% year-on-year increase. This growth reflects steady economic activity and improved tax …
Income Tax
The Income Tax Department celebrates its 167th Income Tax Day on July 24, 2026, marking the anniversary of the first income tax introduced in …
Income Tax
As the income tax return filing deadline nears, understanding potential penalties for late filing, underreporting income, and other violations can help taxpayers avoid costly …
Income Tax
The GST Council is considering reducing the current 18% tax rate on mobile phones as handset sales decline. This potential tax cut aims to …