Now soon you will not need to run to a chartered accountant, company secretary, or any tax practitioner or lawyer to ...

The Union Cabinet is expected to approve the new Income Tax Bill today, potentially leading to its introduction in the Lok ...

The Bill will include the recent changes in income tax rates, slabs and TDS (Tax Deducted at Source) provisions will also be ...

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the ...

The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax ...

Apart from tax relief provisions, the bill may introduce several structural and linguistic reforms. Such as replacing the ...

The proposed legislation, as announced by Finance Minister Nirmala Sitharaman during the Budget 2025, will prioritise ...

The revised tax system is set to be implemented starting from the fiscal year 2025-26, affecting taxpayers in the assessment year 2026-27.

The bill will not introduce new taxes. Instead, it will focus on simplifying tax laws, reducing legal complexities, and ...

One of the proposed changes is to present rates, thresholds, and limits in a tabular format, rather than in lengthy written ...

The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the New Income Tax Bill on Friday (7 February), setting ...