Tag Archives: tax reforms

The Union Budget 2025 has set the stage for sustained economic momentum, with significant allocations for infrastructure, tax reforms, and urban transformation. For the real estate sector, it brings both opportunities and areas for further contemplation. While the government’s thrust on capital expenditure, tax reliefs, and liquidity enhancement has instilled …

What is Income Tax? Income tax is a government levy on the income earned by individuals and businesses during a financial year. “Income” encompasses various sources, defined broadly under Section 2(24) of the Income Tax Act. Here’s a simplified breakdown: Income from Salary: This includes all payments from an employer …