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 ...
The Direct Tax Code will overhaul the income tax laws, making them simpler and reducing legal complications and litigation ...
The likelihood of Trump eliminating income tax and the IRS remains low, but the ongoing debate highlights the need for 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.
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced ...
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon. Finance Minister ...
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 ...
The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...
Senate Bill 451 from Republican Sen. Travis Holdman could lower Indiana's income tax rate further starting in 2030, but it ...