Manoj Purohit, Partner at BDO India’s Tax and Regulatory Services, commented that this change addresses a long-standing need ...
Finance Minister Nirmala Sitharaman on Saturday proposed to increase the threshold of tax collected at source (TCS) on remittances under the RBI's Liberalized Remittance Scheme to Rs 10 lakh from the ...
Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for Tax Deduction at Source (TDS) on interest income for senior citizens to Rs 1 lakh, and also increase the threshold to Rs ...
Budget 2025 raises TDS and TCS thresholds, provides relief for senior citizens, and clarifies ULIP taxation, benefiting investors.
Finance Minister Nirmala Sitharaman announces tax revisions to boost household consumption and ease tax compliance for small ...
The FM emphasised that the new Income-Tax Bill will uphold the spirit of “Nyaya” (fairness). An immediate test lies in how ...
Tax relief and support for key sectors like agriculture and manufacturing are expected to boost economic growth and innovation, they said.
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 today. Experts expect potential reforms, from tax ...
The threshold to collect TCS on remittances under RBI’s liberalised remittance scheme (LRS) is proposed to be raised from ₹7 ...
In one of her shortest Budget speeches, Nirmala Sitharaman mentioned the word 'tax' 51 times and 'TDS/TCS' 26 times.
The increase in threshold from Rs 7 lakh to Rs 10 lakh for collecting TCS is expected to benefit the travel and foreign exchange sectors, providing a boost to outbound tourism, education and the ...
The Indian government announced the Union Budget for the 2025-26 fiscal year on Saturday, bringing modest gains for certain tourism sectors.