The government expects that increased consumption resulting from lower income tax burdens will boost GST collections.
ITAT Rajkot held that addition on account of unexplained investment in purchase of immovable property u/s 69 of the Income ...
Finance Minister Nirmala Sitharaman has introduced the new Income Tax Bill. Its purpose is to remove the complexities of the ...
The New Income Tax Bill 2025 aims to simplify tax laws in India, focusing on simplifying language, reducing litigation and ...
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.
The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...