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 ...
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 ...
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 ...
Tax Guru1d
Income-Tax Rule 2F Amended for Infrastructure Debt Funds
In exercise of the powers conferred by section 295 read with clause (47) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules ...
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 ...
Budget Blow: Crypto traders may face 60% tax penalty for undisclosed income under the new proposed IT Act Provisions
Crypto assets have been proposed to be included under Section 158B of the Income Tax Act, effective retrospectively from ...
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 ...