Income Tax Bill News Highlights: Union Cabinet approves new I-T Bill; will be presented in Parliament next week
The Union Cabinet is expected to approve the new Income Tax Bill today, potentially leading to its introduction in the Lok ...
New Income Tax Bill 2025: What’s new, what may change, and what we can expect?
The new income tax bill will carry forward the same spirit of Nyaya (Hindi word for justice) which was carried in Bharatiya ...
No tax on income up to Rs 12 lakh, but it's a rebate, not an exemption
"By virtue of the rebate only taxpayers with incomes up to Rs 12 lakh under the new regime would not have to pay any tax ...
Income Tax Slabs Budget 2025 Highlights: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...
Tax Guru1d
Rationalization of Provisions with respect to units in IFSC – Budget 2025
The Union Budget 2025 introduces a series of measures aimed at enhancing the competitiveness and attractiveness of units in International Financial Services Centres (IFSC), with a particular focus on ...
8 CPAs share their No. 1 piece of advice for this tax season and beyond
On top of a new presidency, changing economic tides and more, we have another crucial money event to focus on soon: tax ...
Tax Guru6d
FAQs on Amendments to Block Assessment Provisions under Finance Bill 2025
Finance Bill 2025 introduces several changes to the block assessment provisions under Chapter XIV-B of the Income-tax Act, 1961, which govern search and requisition cases. The block period is defined ...
Union Cabinet approves new Income Tax Bill to simplify and modernise tax system
The Union Cabinet on Friday approved the new Income Tax Bill, reported PTI citing sources. The bill, which will replace the ...
Crain's Cleveland Business2d
Advocates praise child-related provisions, tax credit in DeWine's budget proposal
Child advocacy group Groundwork Ohio praised the budget proposal’s “commitment to Ohio’s youngest children,” and pointed to ...
Trump looks to end a controversial tax loophole that has enriched Wall Street’s wealthiest for years
President Donald Trump is mounting another effort to eliminate a controversial loophole that has long allowed Wall Street’s ...
Accounting Today3dOpinion
Tax Strategy: The IRS and the new administration
The last Trump administration placed limits on new federal regulations, and it seems reasonable to expect more of the same.