ITAT Rajkot held that addition on account of unexplained investment in purchase of immovable property u/s 69 of the Income ...
The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, in ...
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.
Explore overview of Income Tax Bill 2025, major tax reform simplifies laws, enhances compliance, & introduces digital ...
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The government increased the tax exemption limit to Rs 12 lakh and revised rates lower under the New Tax regime in the Budget ...
The new Income Tax Bill will replace the Income Tax Act. However, not many people are able to understand how the new tax bill ...
FM Nirmala Sitharaman said draft Bill—tabled in Lok Sabha & sent to Parliamentary Select Committee for review—incorporated ...
India follows a progressive tax system, meaning your tax rate increases as your income rises. To simplify, income is divided into different slabs, each attracting a specific tax rate. Here’s how the ...
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