The simplified Income Tax Bill 2025, which brings in the concept of 'tax year' and abolishes the archaic and complicated ...

In an exclusive report, sources reveal that the government is set to table a comprehensive new Income Tax Bill in Parliament ...

This development is a stepping stone in implementing a new act to replace the 60-year-old Income Tax Act of 1961. The ...

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

Gov. Mike DeWine introduced the 2026-2027 executive budget in a press conference on Feb. 3, detailing several policy agendas ...

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.