Madras High Court has set aside the tax assessment order against Pavai Varam Educational Trust for the assessment year 2020-21, citing that the petitioner had filed its tax returns and audit report ...

FAQ No. 39 therein deals with the applicability of Scheme in cases where appeal is filed along with petition for condonation of delay. The issue and the comments as per FAQ No. 39 of the Circular is ...

In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...

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

Central Board of Direct Taxes expects the Institute of Chartered Accountants of India to go through the bill ...

Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...

The new Income Tax Bill 2025, scheduled to take effect on April 1, 2026, is set to foster a more transparent and taxpayer-friendly environment, representing a historic milestone in India's tax ...

The bill makes significant changes in the way the direct tax statute is written and presented, giving priority to simplicity, clarity and reduction in litigation arising from complexity, in stark ...

Union finance minister Nirmala Sitharaman on Thursday introduced the Income-Tax Bill, 2025 in the Lok Sabha aiming to abridge ...

Bill, to avoid confusion, uses single terms – such as ‘registered non-profit organisation’ instead of multiple terms like trust / institution etc.

The Central Board of Direct Taxes clarified that the new Income Tax Bill 2025 does not alter the scope of virtual digital ...

Finance Minister Nirmala Sitharaman introduces the Income Tax Bill, 2025, aiming to simplify India's tax system and enhance efficiency.