India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which ...

Very soon the new Income Tax Act-1961 will be replaced by a new Income Tax Act in the country. For this, the Income Tax ...

Aimed at overhauling the nation’s tax system, the Income Tax Bill 2025 seeks to eliminate obsolete sections that have ...

The Bill is expected to omit references to the old tax regime, officially making the new tax regime the default. However, ...

Currently, the Income Tax Act refers to the year of earning taxable income as the ‘previous year’ and the year when the tax ...

In respect to a property or its part held as stock-in-trade and not let wholly or partly at any time during the tax year, the ...

Once the new income tax bill is passed by Parliament, many taxpayers and common citizens will wonder when it will come into ...

The deadline for filing income tax is a critical factor in tax compliance for all taxpayers. Presently, there are varying ...

Budget 2025-2026 also announced at tax rebate for those earning up to Rs 12 lakh annually. The Bill removes exemptions and ...

The Income Tax Bill, 2025 comprises 536 sections, higher than 298 sections of the current Income-Tax Act, 1961. The existing ...

The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...