tax deductions News

CBDT Clarifies: No Tax Deductions for Legal Settlements Under These 4 Key Indian Laws

The CBDT has announced that expenditures for settling legal proceedings under four specific laws cannot be claimed as tax deductions, affecting businesses and professionals in Indi...

Will the 2025 Budget Mark the End of the Old Income Tax Regime? Insights and Expectations

As the Union Budget 2025 approaches, speculation mounts over the potential abolition of the old income tax regime. This article explores the implications, benefits, and challenges ...

Will the Old Income Tax Regime Be Phased Out? Experts Analyze Budget 2025's Impact

Experts weigh in on whether the old income tax regime will be phased out following the introduction of the new regime with lower rates and minimal deductions. Changes and expectati...