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 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.

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

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...

ICAI supports new Income Tax Bill 2025 to simplify tax framework, stimulate growth, and assist members with understanding.

A critical look of the new Income Tax bill suggests that these changes are largely cosmetic. The core complexities of the tax ...

The income tax return filing deadlines, income tax slabs, and capital gains taxations remain unchanged, as outlined in Budget ...

The concept of ‘tax year’ has been introduced replacing ‘previous year’ and ‘assessment year’ in the new Income Tax Bill ...

Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill, 2025, aiming to simplify tax laws and encourage ...