New Income-Tax Bill: Simplified, shorter, new concept of ‘tax year’
The Bill, which is likely to be introduced in Parliament on Thursday, has now defined a new concept of ‘tax year’ as the ...
Tax season is underway. Here are key dates and deadlines that WA residents need to know
From federal income tax to Washington state’s property and capital gains taxes, here’s a guide to procedures and deadlines ...
New Income-Tax bill to provide clearer definition of online games
The Income Tax Bill, 2025 defines 'online game' as any game offered on the internet and accessible through a computer or ...
Key update on plan to raise income tax thresholds from £12,570 to £20,000 as MP debate barrier passed
Support soars for petition meaning that MPs could debate tax freeze which is 'unfairly targeting the poorest paid' in Commons ...
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New Income Tax bill explained: What's changing and what's not
It aims to simplify the existing Income Tax Act, 1961, by making it more structured and easier to understand. If passed, the new law will come into effect from April 1, 2026.
New Income Tax Bill 2025 will simplify 'tax year' definition
One of the key updates is the replacement of the term "assessment year" with "tax year”, aiming to simplify taxpayer ...
How new Income Tax Bill rewrites new taxation era
Different indirect taxes were subsumed in the Goods and Services Tax, which took effect on July 1, 2017. The new Income Tax ...
What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption
Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...