To simplify the 64-year-old Income Tax Act 1961 and eliminate unnecessary provisions in it, Finance Minister Nirmala ...

Finance Minister Nirmala Sitharaman on Thursday presented the new Income Tax Bill during the budget session in the Lok Sabha.

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 ...

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 ...

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.

electing to file a tax return under section 216 of the Income Tax Act Non-resident's investments in Canadian mutual funds Non-resident's investments in Canadian mutual funds, withholding tax, ...

Dividends and Taxes Most stock dividends on long-term investments are subject to a lower rate than that for ordinary income. The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA ...

“The new Income Tax law will be introduced in the Budget session of Parliament. It will be a new law and not an amendment to the existing Act. Currently, the draft law is being vetted by the law ...

“The new Income Tax law will be introduced in the Budget session of Parliament. It will be a new law and not an amendment to the existing Act. Currently, the draft law is being vetted by the law ...

The new law will replace the 63-year-old Income Tax Act. The bill will be introduced and potentially tweaked based on feedback from taxpayers and experts.