Tax Benefits

CBDT unlikely to offer tax relief for foreign data centres soon: Report

Currently, foreign companies operating or leasing data centres in India may be taxed at a higher corporate rate of 35 per cent, compared to 22 per cent for domestic firms, according to Moneycontrol

Filing ITR 2025? Key tax breaks senior citizens must not overlook

Those who sold land or building must observe the recent changes to indexation benefits for calculating capital gains tax

India must clarify tax rules for aviation liftoff, says IATA DG Walsh

IATA Director General Willie Walsh calls on India to provide clarity on tax laws affecting foreign carriers and highlights concerns over airport charges to unlock aviation sector potential

India to restore tax refund benefits for exporters from June to boost trade

The benefits under the Remission of Duties and Taxes on Exported Products were introduced on January 1, 2021, but ended on February 5 this year

Weekend retreats or tax retreats? India's elite use farmland to save crores

High-net-worth individuals (HNIs) in India are increasingly investing in agricultural land and farmhouses to claim tax-exempt income under Section 10(1) of the Income Tax Act.

68% of IT workers missed out Rs 49,000 in tax savings-How to avoid mistakes

Nearly 2 out of every 3 professionals could've saved taxes through legal strategies. 1 Finance research shows that tax-saving potential wasn't uniform; it varied widely by income.

Insurance industry feels the blues as growth slows amid structural issues

Growth has slowed significantly in FY25 as both life and non-life segment report single digit growth, partly because of changes in reporting norms, as well as lower credit by NBFCs and MFIs

Will money in hand from tax breaks in FY26 make its way to realty buys?

Realty majors hopeful of mid-level housing revival; But experts say education, savings may take priority

India to scrap 6% equalisation levy on digital ads, leading to revenue loss

This decision, announced in the Finance Bill 2025-26, will benefit global tech companies like Google, Meta, and Amazon by reducing their tax burden and operational costs in India

House tax waiver scheme for Delhi residents: What this means for homeowners

MCD's new house-tax waiver scheme offers full exemption for properties up to 100 square yards and partial relief for larger homes

Hurry! Grab your last chance today to invest in tax-saving instruments

If you have chosen the old tax regime, ensure that your tax-saving investments under Sections 80C, 80D, 80G, and others are made before March 31 to maximise tax benefits

Time for a relook at tax on buybacks to boost shareholder returns

The legal and regulatory framework governing buybacks is primarily under the Companies Act, 2013, and the Sebi Buyback of Securities Regulations, introduced in 1998 and updated in 2018 and 2023

Can you claim full tax benefits if your co-borrower loses their job?

Tax deductions are typically available based on each co-borrower's ownership share in the property and their individual contributions toward loan repayment

Kia challenges $14 million tax demand by India over trade treaty benefits

The 101-page, July 2023 tax notice alleges the company used incorrect tax declarations for imports such as engine and door control units between 2019 and 2022

Consumption funds: Budget boost and young spenders to drive theme

The Budget's tax cuts, with an estimated revenue foregone of Rs 1 lakh crore, are expected to improve sentiment and have a multiplier effect on consumer demand

Tax saving tips: How you can legally pay zero tax on Rs 13.7 lakh salary

If you're a salaried employee, you could be saving up to Rs 96,000 in tax annually, all thanks to the NPS and standard deduction.

Almost all of govt borrowing going for asset creation: FM Sitharaman

Sitharaman spoke on issues ranging from the theme of the Budget to income tax relief and challenging geopolitical environment

Best of BS Opinion: India's Budget menu: Bold flavours or comfort food?

Our Editorial comment and columnists dissect the Union Budget 2025 to see what makes it tick, and what doesn't

Union Budget 2025: Tax breaks for SWFs in infra extended by 5 years

Investments in unlisted debentures to be treated as long-term capital gains

HC pulls up I-T dept for software: Taxpayers can now claim 87A tax rebate

Bombay High Court finds Income Tax Department's restriction on rebate claims for certain income types to be unfair and arbitrary