The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...

While the bill suggests various amendments, the fundamental income tax rates and capital gains tax rates remain unaltered at ...

It aims to simplify the existing Income Tax Act, 1961, by making it more structured and easier to understand. If passed, the new law will come into effect from April 1, 2026.

Simplified tax bill with 536 sections and 23 chapters to replace the complex Income Tax Act, 1961, set to introduce in the ...

New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 ...

The new bill proposes the application of TDS rules to various types of income, including salaries, professional fees, ...

One scheme, which the IRS found circulating on social media, encourages people to use tax software to manually fill out Form W-2, Wage and Tax Statement, and include false income information about ...

Finance minister Nirmala Sitharaman on Thursday defended the tax relief measures in the Budget, emphasizing that they ...

The Income Tax Bill, 2025, tabled in Parliament, reorganises deductions previously under Section 80C into specific clauses.

India's new Income Tax Bill to be introduced in Lok Sabha on Thursday, likely to go to a Select Committee for further review.

Ans. The Finance Bill 2025 proposes to extend the benefit of taxation under the Tonnage tax scheme to the inland vessels registered under the Inland Vessels Act, 2021. Therefore, henceforth companies ...