The new legislation simplifies language, aligns 'tax year' with the financial year, and maintains structural elements and ...

What is the New Income Tax Bill? The New Income Tax Bill 2025 is a proposed legislation aimed at simplifying and modernizing India's income tax system. The bill focuses on several key reforms ...

This bill, set to replace the six-decade-old Income Tax Act, 1961, aims to simplify tax laws, enhance compliance, and reduce litigation. (Image: Freepik) With the New Income Tax Bill likely to be ...

The new income tax Bill, which is likely to be introduced in Parliament on Thursday, has focussed on simplification of the ...

were invited to share their suggestions on the existing Income Tax Act in four categories, namely-simplification of language, litigation reduction, compliance reduction, and deletion of redundant and ...

In the recent ruling HC of Telangana have held that assessee is eligible to claim capital gain after observing that the ...

Bangalore recently allowed an appeal filed by JB Dairy Farms Private Limited, remanding a case concerning cash deposits made during the demonetization period back to the Assessing Officer (AO). The ...

The stated aim is to simplify and rationalize the provisions of the more than 6-decade-Income-tax Act by making it concise and simpler to understand. It is expected to reduce the number of pages by ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

New York state has nine income tax rates, ranging from 4% to 10.9%. Tax credits and deductions, filing status and residency status can influence what you pay. Many, or all, of the products ...

Online tax software can help you file your tax return faster. Here's how to pick the right filing service. Danni Santana has spent seven years as an editor and business journalist covering ...

No one service fits everyone's tax situation. But here are the best ways to file your taxes for free this year. Danni Santana has spent seven years as an editor and business journalist covering ...