The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...

No major tax policy changes to ensure continuity and certainty. 3. No modifications of tax rates, preserving predictability ...

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.

To streamline the law, the new bill reduces the number of pages from 823 to 622, removing redundant provisos and explanations ...

The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...

The Government believes that the Income Tax Bill, 2025, will significantly improve the ease of doing business in India by ...

Although the government has been working on improving the experience of taxpayers, such as with the introduction of the ...

The Chancellor has been warned against another tax raid after forecasts revealed she could be on course for a Budget deficit.

President Donald Trump announced Thursday that the U.S. is now implementing reciprocal tariffs with U.S. trade partners.

U.S. Senator Kevin Cramer (R-ND) joined U.S. Senate Majority Leader John Thune (R-SD) in introducing the Death Tax Repeal Act ...

Keir Starmer has battled against farmers since October's Budget when Rachel Reeves announced inheritance tax changes that ...

Both the old and new tax regimes for individuals and Hindu Undivided Families (HUFs) will be retained, allowing taxpayers to ...