ITR filing: The zero-tax income threshold has been increased from Rs 7 lakh to Rs 12 lakh. The important question in the minds of taxpayers is: do they still have to file their income tax returns ...

The timeline to file an updated income tax return has been increased to four years from two years starting April 2025. Of course, an updated ITR can only be filed to report a higher tax liability ...

As per the present tax laws, a person can file only ITR for only one year at any given point of time between April and December of the year following the financial year.(Pixabay) I have never ...

Finance Minister Nirmala Sitharaman announced in Budget 2025 that there will be no income tax on income up to Rs 12 lakh.

To avail of this benefit, taxpayers simply need to file their Income Tax Return (ITR) as usual — no additional steps are required. Previously, individuals earning Rs 12 lakh per year would ...

The Union Budget 2025 brought a major relief for taxpayers, as Finance Minister Nirmala Sitharaman announced that individuals ...

KUALA LUMPUR: Maybank Investment Bank Research said CSC Steel Holdings Bhd could benefit from the new probe into imports of galvanised iron (GI) from China and Vietnam,should the preliminary ...

Presently, there are varying deadlines for filing ITR based on the category of income taxpayers. Several taxpayers are advocating for a permanent extension of the ITR filing deadline to allow for ...

The new Income Tax Bill 2025, set to be tabled in Parliament on Thursday, marks a historic moment in India’s tax landscape, as it will replace the current year legislation introduced way back in ...

Budget 2025 income tax expectations: While it is well known that new income tax regime is simplified tax regime without tax exemptions and deductions but still to make the rest of the 28% filing ...

MANILA, Philippines — The Philippines might only be able to break free from the “middle-income trap” in 2050 as it struggles to corner more job-generating foreign investments, Nomura said in ...