Taxes are just a part of life, we all have to pay them. If you work, whether part-time, full-time or as a contractor, it ...

The Income Tax Bill 2025 is a big step forward in making India’s tax system friendlier but there are areas that need review. Constructive stakeholder consultations will be key to refine its provisions ...

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, introduce a ...

As compared to the Income Tax Act, 1961, the new Income Tax Bill 2025 proposes to remove proviso and explanations, and ...

It aims to simplify the existing Income Tax Act, 1961, by making it more structured and easier to understand. If passed, the new law will come into effect from April 1, 2026.

The copy of the New Income Tax Bill 2025 (“ITB”) has been made available to the Members of Parliament (MPs) on 12 February 2025 and has been tabled in the Lok Sabha today. After the GST reform in 2017 ...

The bill advances the Modi government’s "ease of doing business" initiative by providing a clear and simple tax framework ...

Receiving a bonus can be a delightful surprise, but the joy might be short-lived once you realize the tax implications. Learn ...

Scrapping archaic provisions and simplifying language are welcome. But systemic issues affecting taxpayer morale must also be ...

FM Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the new income tax ...