Tag Archives: taxpayers
New income tax forms 2025:
The widely used Form 16 has now been replaced by Form 130.
Avoid double tax on 7.75%
In several cases, the Reserve Bank of India deducted Tax Deducted at Source (TDS) only when the bonds matured.
PAN rules set for major
Under the draft, PAN will be required only if total cash deposits or withdrawals reach ₹10 lakh in a financial year.
Budget 26: Growth push with
Public capital expenditure was raised to ₹12.2 trillion for FY2026–27.
India’s new Income Tax Act
The Act introduces tables and formulas. Around 39 tables and 40 formulas replace lengthy legal text.
Opinion Polls
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