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

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

Union Finance Minister Nirmala Sitharaman announced during her budget speech on February 1, 2025, that individuals with ...

Bad tax information on social media, aggressive marketing tactics, and "ghost" tax preparers can create huge headaches with ...

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.

Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...

New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...

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

The new bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax ...

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