MUMBAI: The new Income Tax Bill has no changes in the rate structures, nor are there any changes in the capital gains tax ...

The introduction of the Tax Year is a step toward simplifying India's tax structure. It removes unnecessary jargon and aligns ...

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According to the agenda circulated by the Lok Sabha secretariat, Union Finance Minister Nirmala Sitharaman will introduce the ...

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Perquisites and Profits in Lieu of Salary are important components of taxable income under the Income Tax Act of 1961. These ...

Tax experts note this emphasis on clarity rather than systemic changes. The New Income Tax Bill incorporates numerous tables ...

The new Income Tax Bill, 2025 will be tabled in Parliament today (). The idea behind the new bill is to simplify taxation laws – currently governed by the Income Tax Act, 1961 – for the common man.

The New Income Tax Bill will not change the existing tax slabs but will replace the present concept of assessment and ...

New Income Tax Bill is expected to come into effect on April 1, 2026. The bill aims to simplify tax laws, remove outdated provisions, and make compliance easier for taxpayers.