Everyone has to pay tax according to the tax slab on a certain taxable income i.e. taxable income. The Income Tax Department ...

There has been a slight tweak in the wordings of non-resident clauses. As per the proposed Income Tax bill, 2025 a person who ...

Experts pointed out that the new income tax bill proposed for FY2026-27 would require taxpayers to file their ITR by the due ...

Also, Section to Section mapping as per Income Tax Act, 1961 and Section number as per New Income Tax Bill has been uploaded ...

The Income Tax Act, 1961, does not prevent taxpayers from claiming a refund just because the return was filed after the ...

New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...

Professional tax is a state-level tax in India on professions, trades, and employment; it is imposed by the state governments ...

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.

Taxpayers can now easily compare sections of the Income Tax Act, 1961, with corresponding clauses in the new Income Tax Bill, ...

Patanjali Foods announced that the Supreme Court has quashed the Rs 1.86 billion tax demand imposed on the company.

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 ...

The tax dispute originated from multiple assessment years, with the Income Tax Department raising the demand, which was later ...