Chartered Accountant Abhas Halakhandi, writing on X (formerly known as Twitter) has recently brought attention to a concern ...

The New Income Tax Bill 2025 will come into force from April 1, 2026. It will replace the Income Tax Act, 1961, in operation ...

For FY 2024-25, the new tax regime is automatically applied to taxpayers. Salaried individuals can still choose the old ...

The Lok Sabha on Monday passed the Income Tax Bill, 2025, marking a significant step towards replacing India’s six-decade-old ...

The Lok Sabha on Monday, August 11, approved the income Tax (No 2) Bill, 2025, alongside the Taxation Laws (Amendment) Bill, ...

The updated Bill, presented by Finance Minister Nirmala Sitharaman on August 11, incorporates most of the recommendations ...

A new version of the Income Tax Bill, 2025 was presented in India’s Parliament on August 11, 2025, just three days after the ...

The new Income Tax Bill, 2025, passed by the Lok Sabha, clarifies that late-return filers are eligible for refunds on excess ...

The new bill uses slightly different wording. It only excludes "occupied" commercial properties from house property taxation.

By extending the rebate under Section 87A to an income of up to ₹12 lakh, Budget 2025 introduced a substantial relief to the ...

The Tax Filing feature is designed to address common challenges such as confusion between old and new tax regimes, helping ...

The revised Income Tax Bill 2025, incorporating nearly all Select Committee recommendations, aims to modernise and simplify ...