The upcoming Income Tax Bill will redefine tax residency criteria, affecting Non-Resident Indians (NRIs) earning Rs 15 lakh ...

The new income tax bill would be almost half of the current law, as the existing Income Tax Act,1961 contained 880 pages when it came into existence.

The government is set to introduce the Income-Tax Bill, 2025, a comprehensive revamp of India’s tax laws, replacing the Income-Tax Act, 1961. The new legislation, scheduled to come into effect from ...

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.

Finance Minister Nirmala Sitharaman to introduce the Income-Tax Bill, 2025 in Lok Sabha, focusing on clarity, simplicity, and ...

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...

The proposed bill states upon choosing the new regime, taxpayers are unable to revert to the previous system in subsequent ...

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.

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 ...