Mint3d
The income tax gambit to ramp up India’s growth
India’s formal income tax system was first introduced in 1860 by the British to recover losses from the 1857 rebellion. The Income Tax Act was enacted in 1886 and has since undergone multiple ...
New Income Tax Bill likely to be tabled in Parliament today, How is it different from 60-year-old Income Tax Act? All you need to know
The New Income Tax Bill will not change the existing tax slabs but will replace the present concept of assessment and ...
Indiatimes5d
New Income Tax Bill cleared by Cabinet: What is the New Income Tax Bill & why is it being introduced? Explained
New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer ...
moneycontrol.com4d
Income Tax Bill likely to be introduced in Lok Sabha in coming week: FM Sitharaman says 'hopeful to ...'
Finance Minister Nirmala Sitharaman on Saturday said that she was hoping to bring the Income Tax Bill in the coming week and thereafter it will go to a parliament committee. Talking to reporters ...
Business Today5d
Union Cabinet clears new Income Tax Bill 2025 to replace existing Income Tax Act-1961: Report
is set to replace the current Income Tax Act, 1961, according to government sources cited by news agency PTI. The main objective of the bill is to streamline and modernise India's tax system by ...
The New Indian Express5d
Cabinet clears new income tax bill; to be introduced in Parliament next week
According to sources, the new income tax bill will now be introduced in the Parliament next week and would be sent to Parliament's Standing Committee on Finance. NEW DELHI: The Union Cabinet on ...
Tax Guru4d
Taxation of International Transactions In India Under Income Tax Act 1961
This article attempts to address these complications and give a view of the Indian tax landscape. Importing or exporting goods. Foreign collaborations for projects. Investments made in foreign ...
The Indian Express4d
New income-tax bill gets Cabinet nod; to be tabled in Parliament next week
The Union Cabinet on Friday cleared the new income-tax bill that is proposed to replace the existing six-decade old Income-tax Act, sources said. The new income-tax bill is now likely to be introduced ...
India Today6d
New Income Tax Bill: What is it and how will it help taxpayers?
In order to make the Income Tax Act 1961 more concise and simpler, the government is introducing a new income tax bill. Listen to Story The Income Tax Act 1961 has been in existence over the past six ...
India Today6d
How much can you save with maximum deductions under old income tax regime?
taxpayers can claim deductions under different sections of the Income Tax Act, 1961, to lower their taxable income. These include: Standard Deduction: Salaried individuals and pensioners can claim a ...
Swarajya4d
Union Cabinet Approves New Income Tax Bill To Replace Six-Decade-Old Law: Report
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the New Income ... of India's direct tax system. The new legislation is expected to replace the existing Income Tax Act of ...