New Income Tax Bill 2025: This may still undergo several changes sooner than later
However, it is noteworthy that the current Bill is expected to undergo a lot of changes since the income tax portal is still ...
The Financial Express18m
Income Tax Bill 2025: How is the new tax law different from the old one?
Aimed at overhauling the nation’s tax system, the Income Tax Bill 2025 seeks to eliminate obsolete sections that have ...
New Income Tax Bill to introduce 'tax year’, replace definitions with formulas
Currently, the Income Tax Act refers to the year of earning taxable income as the ‘previous year’ and the year when the tax ...
10 takeaways in new Income Tax Bill for taxpayers: Tax year, TDS compliance, number of sections and more
The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many taxpayers are worried about how the new income tax bill can impact them. Here are ...
India Today39m
New Income Tax Bill to be simpler and clearer, likely to be presented tomorrow
When the Income Tax Act of 1961 came into being it had 880 pages. Over the years, the act contained several amendments introduced in the various budgets.
Income Tax Bill 2025: Deductions on salaries, pension & gratuity explained
Budget 2025-2026 also announced at tax rebate for those earning up to Rs 12 lakh annually. The Bill removes exemptions and ...
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Explainer: A new income tax law is coming in the country, how will it benefit the taxpayer?
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 ...
Tax Guru1h
Section 264 Revision Accepted: Suo Moto Disallowance Rectified
Delhi High Court held that suo moto disallowance with bona fide yet mistaken belief that amount is liable to be offered for taxation, such mistake can be rectified via revision application under ...
New Income Tax Bill: 23 chapters, 622 pages, 536 sections - Everything you need to know
The Income Tax Bill, 2025 comprises 536 sections, higher than 298 sections of the current Income-Tax Act, 1961. The existing ...
When is new Income Tax Bill likely to come into effect?
Once the new income tax bill is passed by Parliament, many taxpayers and common citizens will wonder when it will come into ...
New Income Tax Bill 2025: Tax deadlines, belated return, revised return -- here's what the draft bill says
The deadline for filing income tax is a critical factor in tax compliance for all taxpayers. Presently, there are varying ...
Govt to replace 1961 Income Tax Law with New Income Tax Bill from April 2026
The Bill is expected to omit references to the old tax regime, officially making the new tax regime the default. However, ...