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

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

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

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 ...

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

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

However, it is noteworthy that the current Bill is expected to undergo a lot of changes since the income tax portal is still ...

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

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, ...

The Bill once enacted will replace six-decade old Income Tax Act 1961, which over the years became bulkier and complex with ...

Since Nevada does not impose a personal income tax, many individuals relocate to the state to benefit from its tax-friendly ...