New Income Tax Bill is expected to come into effect on April 1, 2026. The bill aims to simplify tax laws, remove outdated provisions, and make compliance easier for taxpayers.

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Currently, the Income Tax Act refers to the year of earning taxable income as the ‘previous year’ and the year when the tax ...

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India's new Income Tax Bill aims to simplify tax laws, reduce litigation, and improve compliance by eliminating obsolete ...

The new Income Tax Bill refines tax law by enhancing clarity, reducing complexity, and improving compliance mechanisms. While ...

According to experts, the new bill, which seeks to replace replace the six-decade old Income Tax Act, 1961, doesn't make any ...

The new Income Tax Bill 2025 is set to be tabled in Parliament, introducing major reforms to simplify tax laws. Learn about key changes, impact on taxpayers.

When the Income Tax Act of 1961 came into being it had 880 pages. Over the years, the act contained several amendments ...

The primary objectives included minimising disputes and litigations while offering taxpayers a higher level of tax predictability. In order to achieve these goals, 22 specialised sub-committees have ...