The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG ...

A major focus of the new tax bill is likely to be on lowering the number of such disputes by clearly defining provisions and ...

Lok Sabha MP Manish Tewari has submitted an adjournment motion notice in the Lok Sabha to discuss the issue of the ...

The New Income Tax Bill 2025 aims to simplify tax laws, improve compliance, and reduce disputes. Key features include ...

The new bill aims to make direct tax laws simpler, reduce litigation, and remove ambiguities in the current system. Experts believe it will be easier to understand, more user-friendly, and free of ...

The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

India’s 2025 budget cuts taxes to boost spending, but can it offset slowing growth amid inflation, weak demand, and global ...

Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...

India’s latest budget introduces one of the most significant tax cuts in decades, boosting disposable income & supporting ...