Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...

New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has tabled the New Income Tax Bill in Lok Sabha on Thursday, comprising 536 clauses across 622 pages, with an aim to replace the ...

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

Different indirect taxes were subsumed in the Goods and Services Tax, which took effect on July 1, 2017. The new Income Tax ...

The essence of the Bill remains the same and the existing tax base, tax rates, computation mechanism etc. have been largely ...

The odds are strong that gaming, not tax cuts or education spending, will dominate talks between the House of Delegates and ...

New Income Tax Bill 2025 LIVE Updates: The new Income-Tax (I-T) Bill, announced by Finance Minister Nirmala Sitharaman during ...

Once passed, the Bill will replace the 64-year-old Income Tax Act. The new Bill spans ... one section in the proposed Bill. Section 393 of the proposed bill contains 3 Tables applicable to three ...

Summary: The Finance Bill 2025 proposes significant amendments to the Income Tax Act, particularly regarding tax slabs, deductions, and compliance procedures. Under the new tax regime, the income tax ...

Kenya’s Treasury is considering using existing tax rates to finance the 2025/2026 budget, signaling a move to sustain revenue ...

New Income Tax Bill 2025 explained: The proposed Income Tax Bill ... replaced with simpler language like ‘irrespective of anything contained.’ Formulas and tables have been added to clearly present ...

LeBlanc promised to table legislation ... $2.25 million would pay less tax, even after the inclusion rate increases on Jan. 1, 2026, LeBlanc said. The increase to the lifetime capital gains exemption ...