Many new rules and provisions are going to be included in the income tax system in the country. Under the new tax regime, ...
Basic threshold of 182 days or more or 60 days /365 days for an individual to be a resident in India is retained in the New ...
The New Income Tax Bill, 2025 set to take effect from April 1, 2026, represents a comprehensive overhaul of the existing tax framework. It consists of 536 clauses, 16 schedules, and 23 chapters, ...
The Income Tax Bill is likely to boost compliance, and to reduce litigations, restoring the confidence of tax payers in the ...
Bharatiya Janta Party National Vice President and Lok Sabha MP Baijayant Panda is appointed as the chairperson of the Select Committee.
Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill in the Lok Sabha on February 13. This bill is ...
Finance Minister Nirmala Sitharaman introduced the New Income Tax Bill 2025 in Lok Sabha, set to replace the Income Tax Act ...
In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...