The new Income-Tax Bill 2025, introduced by India’s Finance Minister, seeks to replace the 1961 Act, providing clearer tax ...
Bill to propose inclusion of provisions of virtual digital assets. Notably, only income earned within India would be subject to tax, and not global income.
The proposed bill states upon choosing the new regime, taxpayers are unable to revert to the previous system in subsequent ...
The European Union will make a big push for regulatory simplification this year, refraining from introducing new tax proposals as part of an effort to ease business compliance burdens.
The Bill is expected to omit references to the old tax regime, officially making the new tax regime the default. However, ...
In respect to a property or its part held as stock-in-trade and not let wholly or partly at any time during the tax year, the ...
Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...
The UK’s tax authority has processes which are ‘far too open to abuse’, the Public Accounts Committee warned. | ITV National ...
The local authority is considering implementing the visitor levy but wants feedback from locals to inform its decision ...
The New Income Tax Bill, 2025 set to take effect from April 1, 2026, represents a comprehensive overhaul of the existing tax framework. It consists of 536 clauses, 16 schedules, and 23 chapters, ...
2009: On August 12, the Indian government released the draft Direct Taxes Code Bill, 2009, along with a discussion paper. This initiative, announced by Finance Minister Pranab Mukherjee, sought to ...
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