The new bill has preserved the tax policies and key provisions of the Income-Tax Act, 1961. Redundant rules have been removed ...

The New Income Tax Bill 2025, which aims to replace the Income Tax Act 1961, seeks to simplify and simplify tax rules. We ...

By avoiding abrupt policy shifts or tax rate changes, the bill focuses on a predictable fiscal environment for businesses and ...

Summary: Income Tax Bill 2025 was introduced in Parliament on February 13, 2025, as announced by Finance Minister Smt. Nirmala Sitharaman during her budget speech on February 1, 2025. This proposed ...

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

A major shift under the Financial Bill 2025 allows non-residents to adjust acquisition costs based on currency fluctuations ...

The new Income tax bill, 2025 is now reality with proposed implementation from thee F.Y 2026-27 replacing the existing income tax act, 1961 with avowed purpose to simplify the most complex direct tax ...

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