The Simplified Income Tax Bill 2025, introduced by Finance Minister Nirmala Sitharaman, will replace the outdated Income Tax ...

The proposed new bill is projected to have 23 chapters, 16 schedules, and approximately 536 clauses, a significant reduction ...

Summary: Effective from September 1, 2024, the Budget 2025 amendments introduce block assessment procedures for search cases under Sections 158B to 158BI of the Act. A block period now includes six ...

Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season, and if you've received an unfamiliar income form this year ... The Tax Cuts and Jobs Act of 2017 added a new section to ...

The announcement of Nil tax for those with taxable income of up to Rs 12 lakh has brought cheer to all who fall in that category. However, many who are marginally above that ceiling will end up taking ...

BT brings to you an easy-to-use tool that helps in calculating the tax payable on your income for FY 2025-26. It also lets you compare your tax liability under new tax regime and old tax regime.

In some cases, you might be able to use a capital loss to reduce your income for your tax return, if you are reporting capital gains in the same year. Speaking of tax, a capital gains tax is the ...

Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. She has been an investor, entrepreneur, and advisor for more ...

President Donald Trump signed the Laken Riley Act—an immigration enforcement law named for a 22-year-old college student who was murdered last February—into law on Wednesday, making it the ...

The Laken Riley Act, as the law is known, directs the authorities to detain and deport immigrants who are accused — not yet convicted — of specific crimes, if they are in the country illegally.

MANILA, Philippines — The Philippines might only be able to break free from the “middle-income trap” in 2050 as it struggles to corner more job-generating foreign investments, Nomura said in ...

Trump argues period with tariff-based economic system was US's wealthiest US President proposes abolishing income tax to boost disposable income Asserts US should tax foreign nations to enrich ...