FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and ...

Key structural changes, such as adjustments to tax slabs, a rationalisation of deductions, and other incentives to spur ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.

The likelihood of Trump eliminating income tax and the IRS remains low, but the ongoing debate highlights the need for tax ...

A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon. Finance Minister ...

Under the provisions of section 87A of the Act, an assessee, being an individual resident in India, having total income not exceeding Rs 5 lakh, is provided a rebate of 100 per cent of the amount of ...

The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced ...

The Finance Bill 2025 proposes extending the tonnage tax scheme to inland vessels, registered under the Inland Vessels Act, 2021, in an effort to boost India’s inland water transportation industry.

India will impose tax penalties of up to 70% on undisclosed crypto gains as part of new regulations under Section 158B of the Income Tax Act. Cryptocurrency traders in India may face significant tax ...

The proposed new income tax law follows from the earlier Budget announcement for 2024-25. In July 2024, Sitharaman had announced a comprehensive review of the Income-tax Act, 1961 to be completed in ...