The tax bill and the proposed taxpayer’s charter when implemented in the spirit of justice and transparency will surely usher ...
The new Income Tax Bill, 2025, consists of 536 sections, 23 chapters, and 16 schedules in just 622 pages—a significant ...
The Government believes that the Income Tax Bill, 2025, will significantly improve the ease of doing business in India by ...
Both the old and new tax regimes for individuals and Hindu Undivided Families (HUFs) will be retained, allowing taxpayers to ...
The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...
During the course of numerous amendments to the Income tax Act, 1961, several policy decisions were incorporated as separate ...
The Bill seeks to replace 298 sections and 14 schedules in the existing Income Tax Act, 1961, with a 622-page new law enshrined in 536 sections, 23 chapters and 16 schedules.
The Bill has been referred to a select committee for further scrutiny. The committee, which will examine the proposed changes ...
The new bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax ...
FM Nirmala Sitharaman said draft Bill—tabled in Lok Sabha & sent to Parliamentary Standing Committee for review—incorporated ...
The upcoming Income Tax Bill will redefine tax residency criteria, affecting Non-Resident Indians (NRIs) earning Rs 15 lakh ...
Tax experts said based on an initial review, the new Income Tax Bill does not seem to introduce any significant changes to ...
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