In a reply to this, the Income Tax Department clarified that there are no changes in refund provisions. The I-T department ...

Under the Income Tax Bill 2025, taxpayers must file returns to claim refunds, without changing provisions for belated or ...

Retirees will be dragged into paying income tax on their state pension as early as next year, fresh analysis suggests.

A progressive plan to increase taxes on wealthy individuals and corporations while giving a tax cut to lower- and moderate-income families appears on track to pass the Maryland General Assembly.

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, aiming to simplify tax terminology and reduce legal ...

ICMAI advocates for cost accountants to be included in the definition of accountants under the Income Tax Bill 2025.

A Missouri Senate committee has advanced a plan to eliminate state income tax, shifting reliance to sales tax for revenue.

Tax season is upon us once again, and while many Americans can look forward to a refund in the coming weeks, that's not the ...

The Institute of Cost Accountants of India (ICMAI) has requested the government to recognize cost accountants under the definition of 'accountant' in the forthcoming Income Tax Bill, 2025. The ...

The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in the Lok Sabha on Thursday, February 13, 2025. Once enacted ...

New Income Tax Bill LIVE: Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act. The bill seeks to simplify tax laws while ...

India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media ...