Employed outside India; here’s how your income tax in India will be impacted as per new tax bill 2025; Experts seek clarification from the tax dept
There has been a slight tweak in the wordings of non-resident clauses. As per the proposed Income Tax bill, 2025 a person who ...
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Income Tax: How much tax will you have to pay on withdrawing money from your bank account, know the income tax rules..
In India, the Income Tax Department plays an important role in the development of the country and in solving the ...
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New Income Tax Bill: Will taxpayers with late ITR filings lose refunds?
Income Tax Act, 1961, does not prevent taxpayers from claiming refund just because the return was filed after the deadline.
No refund if ITR filed post due date in new income tax bill? I-T dept issues this clarification
Experts pointed out that the new income tax bill proposed for FY2026-27 would require taxpayers to file their ITR by the due ...
Income Tax department activates section wise mapping of I-T Act, Tax bill
Also, Section to Section mapping as per Income Tax Act, 1961 and Section number as per New Income Tax Bill has been uploaded ...
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Professional tax registration in India is simple: Here's a guide
Professional tax is a state-level tax in India on professions, trades, and employment; it is imposed by the state governments ...
New Income Tax: While Australia took 3 years and UK even longer, how did tax reforms in India happen in 6 months?
A similar exercise was done in the UK during the period 1994 to 2010 for simplifying the language i.e., a total of 16 years.
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Income Tax portal now offers section-to-section mapping for new Tax Bill
Taxpayers can now easily compare sections of the Income Tax Act, 1961, with corresponding clauses in the new Income Tax Bill, ...
New tax regime tax calculator: Income Tax dept launches tax calculator to help taxpayers calculate their tax savings
The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the ...
What’s new in the Income Tax Bill, 2025
The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...
Raipur: Income Tax Department Raids Jai Ambe Emergency Services Over Tax Evasion Allegations
Raipur: On the complaints of tax evasion, the Income Tax Department sleuth carried out a raid at a company operating Jai Ambe ...
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Bombay High Court rules in favour of BCCI in Tax Exemption Case
The Bombay High Court has quashed an Income Tax Department advisory questioning BCCI’s tax-exempt status, ruling that any decision regarding its exemption must follow due statutory process rather than ...