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

The draft Income-Tax Bill, 2025 has been circulated among Members of Parliament and is expected to be tabled in Parliament on ...

Simplified Income Tax Bill brings in 'tax year' concept; omits 'previous year', obsolete clauses (Eds: Updating with details) ...

The new Income Tax Bill received clearance from Union Cabinet last week. Soon, the FM will likely table the same in the ...

Once the new income tax bill is passed by Parliament, many taxpayers and common citizens will wonder when it will come into ...

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

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.

The new Income Tax Bill is a key element of the regulatory reforms announced by finance minister Nirmala Sitharaman in her ...

India's new Income Tax law aims to simplify tax laws, reduce litigation, and make it easier for taxpayers to understand their ...

The Income Tax Bill, 2025 comprises 536 sections, higher than 298 sections of the current Income-Tax Act, 1961. The existing ...

Aimed at overhauling the nation’s tax system, the Income Tax Bill 2025 seeks to eliminate obsolete sections that have ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...