Page 6 - Income Tax Law

Revenue situation rules out further tax sops for the individual taxpayer

Even tax cuts in 2020-21 could be a difficult proposition as officials dismiss reports of relief for salaried class and scrapping of DDT and LTCG

Direct Tax Code 2.0: Task force for big relief to individual taxpayers

Income tax payers earning up to Rs 55 lakh per annum may end up with a major tax relief

Here's all you need to know about ITR 1, 2 and 3 for FY 2018-19

A taxpayer who is an individual and is resident in India and earning income up to Rs 50 Lakh can use ITR-1 to file the return.

Govt sets up Arbind Modi-led panel to overhaul, simplify income tax laws

PM Modi, during the annual conference of tax officers in Sept, had observed that the Income-tax Act, 1961, which was drafted more than 50 years ago, needed to be redrafted

Govt sets up six-member task force to draft new direct tax law

Chief Economic Adviser Arvind Subramanian will be a permanent special invitee in the task force