Ikeja Hotel Plc has reported a profit before tax of N5.290 billion for the year ended 31 December 2024. According to the unaudited Group financial statements reviewed by Nairametrics, the company ...

insurance premium and NPS whereas the new regime – while offering concessional tax rates – deprives you from these. And with the rates becoming even more concessional, it is a no brainer for ...

The new income tax regime provides for concessional tax rates and liberal slabs. However, no deductions are allowed in the new regime (other than those specified for, e.g., 80JJAA, 80M ...

Under the new income tax slabs, Finance Minister Nirmala Sitharaman announced that annual income up to Rs 12 lakh will no longer be taxed. New regime provides for concessional tax rates and ...

With Budget 2025 around the corner and Finance Minister Nirmala Sitharaman set to present her 8th Budget overall and the 2nd under the Modi 3.0 regime, tax experts and taxpayers alike have high ...

One of the key expectations for Budget 2025 is a revision in the basic exemption limit to INR 5 lakh under the Concessional Tax Regime (CTR). I is also expected that the government will review the ...

Here are key tax expectations from India Inc as Finance Minister Nirmala Sitharaman prepares to present the budget: Reintroduction and Expansion of Concessional Tax Rate: With a continued focus on ...

Second, private investment has slumped, despite years of concessional tax rates for new manufacturing firms, the ambitious Production Linked Incentive (PLI) schemes and aggressive public ...

In the case of Power and Instrumentation (Gujarat) Ltd. Vs. ACIT (ITAT Ahmedabad), the Income Tax Appellate Tribunal (ITAT) ruled on the eligibility of the company for the concessional tax rate under ...

Here are some of the FAQs What is ‘New tax Regime’? New regime provides for concessional tax rates and liberal slabs. However, no deductions are allowed in the new regime (other than those specified ...