Income tax act

Union Finance minister Nirmala Sitharaman speaks in Lok Sabha during the ongoing winter session of Parliament, in New Delhi. (ANI)

Lok Sabha passes Bill to effect corporate tax reduction

1 min read . 02 Dec 2019

Ratan Tata, chairman of Tata Trusts. (Mint )

Tax department moves against six Tata trusts, cancels registration

2 min read . 02 Nov 2019

Entire global income of RORs shall be taxable in India

2 min read . 28 Oct 2019

Some suggestions in the draft legislation, submitted to finance minister Nirmala Sitharaman, will find their way into the Income Tax Act through amendments in the budget session. (Pradeep Gaur/Mint )

Government to tweak Income Tax Act, won’t replace it with direct tax code

3 min read . 10 Sep 2019

Opinion | Some tax relief for our corporate sector

Opinion | Some tax relief for our corporate sector

2 min read . 20 Aug 2019

The Modi government in its previous term had set up an Expert Committee in 2017 to draft a new Direct Tax Code (DTC). (iStock)

Direct tax code: From easier ITR filing to easing tax burden, experts hope high

2 min read . 19 Aug 2019

A finance ministry-appointed task force will give its report to finance minister Nirmala Sitharaman on Monday. (ANI)

Govt panel gets time till Monday to submit direct tax code report

1 min read . 16 Aug 2019

Numerous amendments over five decades, as well as the influence of case laws, often made it difficult to interpret the rules.

Will a new direct tax law push up compliance?

2 min read . 13 Aug 2019

Who can claim credit for state and local taxes paid in a foreign country

Who can claim credit for state and local taxes paid in a foreign country

4 min read . 04 Jul 2019

You will have to comply with the Reserve Bank of India’s restrictions on borrowing and repatriation made in forex if the loan is in foreign currency. (Aniruddha Chowdhury/Mint)

RBI places restrictions on borrowing, repatriation made in foreign currency

1 min read . 01 Jul 2019

New direct tax code draft by July-end

1 min read . 24 May 2019

Trusts also have to disclose details about their beneficial owners. (Reuters)

CBDT wants religious, charitable trusts to be more open about their affairs

1 min read . 21 May 2019

The move could reset the balance of taxation powers between India and developed nations with respect to cross-border investments. Pradeep Gaur/Mint

To widen tax base, govt may tweak foreign taxation rules

2 min read . 19 Apr 2019

The plea is likely to come up for hearing on Tuesday.. Photo: iStock

Plea to scrap TDS on compensation to accident victims

1 min read . 15 Apr 2019

You cannot deposit Indian earnings in an NRE account

You cannot deposit Indian earnings in an NRE account

2 min read . 09 Apr 2019

Income tax exemption limit on gratuity doubled to ₹20 lakh: Labour Ministry

1 min read . 07 Mar 2019

REC board approves borrowing limit hike, ₹11 per share interim dividend

REC board approves borrowing limit hike, ₹11 per share interim dividend

1 min read . 28 Feb 2019

Panel to overhaul Direct Tax law seeks 3 months extension

Panel to overhaul Direct Tax law seeks 3 months extension

2 min read . 27 Feb 2019

File Photo: Piyush Goyal, India's interim finance minister, speaks during a news conference in New Delhi. (Bloomberg)

Income tax law needs to be a lot simpler: Piyush Goyal

1 min read . 07 Feb 2019

Share allotment date taken as Esop holding period

Share allotment date taken as Esop holding period

3 min read . 28 Jan 2019