166 Years of Income Tax in India: A Look Back at History, Policy, and Progress
India’s income tax system has come a long way since it was first introduced in 1860. What began as a temporary tax to recover from the financial ...
![[BREAKING] Union Budget 2025: FM proposes Extended Updated Income Tax Return ITR-U Time Limits](https://www.taxscan.in/wp-content/uploads/2025/02/FM-Income-Tax-Return-ITR-U-Nirmala-Sitharaman-Budget-2025-India-Income-tax-changes-2025-Impact-of-Budget-2025-Budget-2025-Highlights-Budget-2025-Updates-Finance-Minister-Budget-speech-2025-Taxscan.jpg "[BREAKING] Union Budget 2025: FM proposes Extended Updated Income Tax Return ITR-U Time Limits")
Budget 2025: FM Nirmala Sitharaman proposes Makhana Board for Bihar to Improve Production and Marketing
Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on February 1st, 2025, at 11:00 AM before the Parliament. The Union Budget 2025 has significantly emphasized regional development,...
Some Vouchers are Actionable Claims, No GST Applicable on All Vouchers per se: FM after GST Council Meet
The Finance Minister, while addressing the nation through the press conference, made it clear that some vouchers are actionable claims and no GST is applicable to all vouchers per se. The Finance...
Finance Ministry Announces No Deduction of Income Tax on Payments Received by Credit Guarantee Fund Trust for MSMEs [Read Notification]
The Ministry of Finance issued Notification No. 5476(E) dated December 18, 2024, announcing that no income tax will be deducted at source (TDS) on payments made to the Credit Guarantee Fund Trust for...
![Finance Ministry Announces No Deduction of Income Tax on Payments Received by Credit Guarantee Fund Trust for MSMEs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/12/Finance-Minister-Deduction-of-Income-Tax-Credit-Guarantee-Fund-Trust-Taxscan.jpg "Finance Ministry Announces No Deduction of Income Tax on Payments Received by Credit Guarantee Fund Trust for MSMEs [Read Notification]")
Income Tax Act Revamp: Finance Ministry receives 6,500 Suggestions through Portal within 1 month, here’re the Suggestions we Received
The Finance Ministry has said that it received 6,500 suggestions through the income tax portant with regards to the revamp of income tax act. The ministry opened the portal for suggestions on October...
