tax relief News

Haryana's Groundbreaking Amnesty Scheme Offers Significant GST Penalty Relief for 2017-2020

The Haryana government's Amnesty Scheme offers GST taxpayers relief on interest and penalties for 2017-2020, provided the principal tax is paid by March 31, 2025. Joint Excise and ...

Strategic Fiscal Balancing: Emulating Dravid's Steadiness Over Pant's Aggression

The Centre has maintained fiscal consolidation despite challenges, with a revised fiscal deficit target of 4.8% of GDP for 2024-25. The budget outlines a strategic path to reduce t...

Union Budget 2025 Unveils Major Tax Reliefs for Charitable Trusts: What You Need to Know

The Union Budget 2025 introduces significant reforms for charitable trusts, extending registration validity to ten years for smaller trusts and easing the deregistration process. T...

How the 2025 Budget Could Revive Middle-Class Spending and Combat Economic Slowdown

The 2025 Budget introduces significant tax relief and support measures aiming to revive middle-class spending, alleviate inflation burdens, and boost consumption across various sec...

Union Budget 2025: Major Tax Reliefs Announced by FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman announced significant tax reliefs in the Union Budget 2025, exempting individuals earning up to Rs 12 lakh annually from income tax. This move a...

Union Budget 2025: Key Anticipations for the Salaried and Middle-Income Groups Unveiled

The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, aims to balance economic growth and fiscal discipline. Key expectations include tax relief for the salar...

Union Budget 2025-26: A Balancing Act Between Growth and Fiscal Prudence

The Union Budget 2025-26 is anticipated to balance economic growth with fiscal prudence, focusing on tax relief, sectoral support, and infrastructure development to drive consumpti...

Government Considers Major Income Tax Reforms: Higher Thresholds and New Slabs

The government is considering major income tax reforms, including raising the threshold and restructuring slabs, to provide relief to taxpayers. Proposals include higher concession...

Bombay High Court Extends Deadline for Revised Tax Returns: A Relief for Taxpayers

Bombay High Court extends deadline for revised tax returns, providing relief to taxpayers unable to claim rebates due to software changes in the filing platform.