The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.

The new Income Tax Bill 2025, which is likely to be tabled in the Parliament on February 13, aims to simplify the terminology ...

From Nifty's sixth straight loss today to industrial production growth slowing to the latest US inflation data, we’ve got all ...

Scrapping archaic provisions and simplifying language are welcome. But systemic issues affecting taxpayer morale must also be ...

Earlier this month, finance minister Nirmala Sitharaman announced relief on taxes for those with an annual income up to ₹12 ...

In tax legislation, sections are individual provisions that outline specific rules, obligations or rights, and serve as the ...

The new income tax Bill, which is likely to be introduced in Parliament on Thursday, has focussed on simplification of the ...

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

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...

India’s net direct tax collection, comprising mainly corporate tax and personal income tax, jumped by 14.69 per cent to cross ...

However, the Centralized Processing Center (CPC), Bangalore, denied the foreign tax credit on the ground that Form No. 67 was not filed within the prescribed due date. The NFAC upheld this decision, ...

India's net direct tax collection surged 14.69% to over Rs 17.78 lakh crore till Feb 10, driven by strong growth in personal ...