Now soon you will not need to run to a chartered accountant, company secretary, or any tax practitioner or lawyer to ...

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

The Union Cabinet is expected to approve the new Income Tax Bill today, potentially leading to its introduction in the Lok ...

The Bill will include the recent changes in income tax rates, slabs and TDS (Tax Deducted at Source) provisions will also be ...

The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax ...

The proposed legislation, as announced by Finance Minister Nirmala Sitharaman during the Budget 2025, will prioritise ...

The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.

One of the proposed changes is to present rates, thresholds, and limits in a tabular format, rather than in lengthy written ...

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the New Income Tax Bill on Friday (7 February), setting ...

The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

The current Income Tax Act was enforced in the country in 1961 and now, the new Income Tax Act is being made according to the ...

The revised tax system is set to be implemented starting from the fiscal year 2025-26, affecting taxpayers in the assessment year 2026-27.