DPIIT approves 187 startups for tax relief under revised section 80-IAC framework

May 15, 2025

The Department for Promotion of Industry and Internal Trade (DPIIT) has approved 187 startups for income tax exemption under the revamped Section 80-IAC...

Govt issues ordinance to exempt FIIs from capital gains tax on Government Securities

Jun 05, 2026

The Centre has promulgated the Income-tax (Amendment) Ordinance, 2026, granting tax exemption to Foreign Institutional Investors (FIIs) on capital gains and interest income arising...

New Income Tax Act likely to broaden tax base on simpler compliance

Nov 25, 2025

The new Income Tax Act is expected to expand India's tax base by making compliance simpler and more accessible for individuals, institutions and exempt...

Delhi HC sets aside CIC's order to provide RTI information of tax exemption to PM Cares fund

Jan 22, 2024

The Delhi High Court on Monday set aside the Central Information Commission's (CIC's) direction to the Income Tax Department to provide RTI information and...

ITAT upholds Rs 199 crore tax demand on Congress, denies exemption

Jul 22, 2025

In a blow to Indian National Congress, Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld a tax demand of Rs 199.15 crore for...

Tax exemption to continue on salary income by NRIs in Gulf: Sitharaman

Apr 01, 2021

New Delhi [India], April 1 : Union Finance Minister Nirmala Sitharaman on Thursday said that salary income earned by non-resident Indians in Gulf countries...