New Income Tax Bill: Select Committee meets in Parliament
The new Income Tax Bill 2025 aims to simplify tax laws, modernize definitions, and clarify taxation policies for individuals, ...
New vs Old Tax Regime Calculations: What will be your tax liability on salary of Rs 7.50 lakh, Rs 15 lakh, Rs 22.5 lakh or Rs 30 lakh?
Do you follow the new tax regime or the old tax regime? Will you switch to the proposed new tax regime once it is implemented ...
Will Sitharaman's tax relief for middle class dent insurance cos' profits?
The Modi government has announced significant tax cuts in its new budget, focusing on the middle class. Finance Minister Nirmala Sitharaman highlighted that income up to Rs 12 lakh will be tax-exempt.
How will tax liability be calculated if your income source is only stock markets?
Stock market income taxation depends on whether one is an investor or trader. Traders' income is taxed at slab rates as ...
Claims that new powers being introduced in new income tax bill incorrect: Sources
Sources in the Central Board of Direct Taxes (CBDT) have sought to clear the air after some concerns were raised that Income ...
New TDS rules from April 1: Higher limit for tax deduction on FD interest, lottery wins; check its impact
From April 1, 2025, the Union Budget 2025 introduces major TDS rule revisions, benefiting senior citizens with higher ...
Nirmala Sitharaman Speaks On US Tariff Row; Trump Reiterates 'High' Tariff Concern With India
Donald Trump reportedly said, “And the big one will be on April 2, when reciprocal tariffs, so if India or China, or any of ...
This is the only tax-free state in India where residents earn in crores without paying income tax
Sikkim is the only tax-free state in India, where residents enjoy complete income tax exemption under Article 371(F) and ...
India's GDP growth to surpass 6.5% in FY26, driven by Sitharaman's tax cuts: Moody’s
India's real GDP growth is expected to exceed 6.5% in fiscal 2025-26, supported by higher government capex and consumption ...
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Income Tax: You will not have to pay even a single rupee tax on income of Rs 17 lakh, taxpayers should know this important thing..
Finance Minister Nirmala Sitharaman gave a big gift to the taxpayers in the Budget 2025-26. Annual income up to Rs 12 lakh ...
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Income Tax Bill 2025: Simplifying Tax Laws for the Digital Era
The Select Committee of the Lok Sabha is reviewing the Income-Tax Bill 2025, led by BJP MP Baijayant Panda. This bill aims to update tax laws with simplified language and modern terminology, covering ...
Tax Guru4d
Why Include Cost Accountants in Income Tax Definition?
WHY TO INCLUDE COST ACCOUNTANT IN ACCOUNTANT DEFINITION OF THE INCOME TAX ACT/BILL . 1. Introduction. Before delving into the ...