Telangana High Court held that interest paid for broken period on securities held as stock-in-trade is allowable as deduction ...

Finance Minister Nirmala Sitharaman introduced the New Income Tax Bill 2025 in Lok Sabha, set to replace the Income Tax Act ...

The government expects that increased consumption resulting from lower income tax burdens will boost GST collections.

The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, in ...

To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961.

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 ...

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

The new Bill, which will now be sent to the Select Committee of the Lower House for Parliamentary scrutiny, proposes a slew ...

Explore overview of Income Tax Bill 2025, major tax reform simplifies laws, enhances compliance, & introduces digital ...