CAs highlight no income tax rebate under Section 87A despite income below Rs 7 Lakh under new tax regime in this situation ...

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

Companies that have opted for the new concessional tax regime can now also claim deductions under Section 80M for dividends received from other companies.

The new Income Tax Bill also gives big tax relief to the family members of deceased employees. It allows for 100% tax ...

The legislation, once enacted, will formally replace the 63-year-old tax code with a modernised legal framework designed to align with evolving economic realities.

Bill, 2025 introduces separate provisions for Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT), providing greater ...

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

Introducing the bill, FM Nirmala Sitharaman said that the bill seeks to consolidate and amend the law relating to income-tax ...

An important law is going to be amended in the country very soon. Yesterday, on August 11, Union Finance Minister Nirmala ...

The new I-T Bill kept section 433 intact, which required that 'every claim for refund under this part shall be made by ...