For salaried Indians, a higher income offers greater opportunities for saving and investing. However, understanding the tax ...

Tax season has officially kicked off, and while the deadline is a couple of months away, experts are saying this isn’t the ...

ITAT Raipur held that addition towards unexplained cash deposits under section 69A of the Income Tax Act is liable to be set aside in as much as the source of cash deposits duly explained. Accordingly ...

“1] The Ld. CIT (A)/NFAC has erred in confirming an ex-parte assessment order u/s. 144 r.w.s. 147 of the Act determining ...

The new Income Tax Bill will replace the Income Tax Act. However, not many people are able to understand how the new tax bill ...

Finance Minister Nirmala Sitharaman presented the New Income Tax Bill 2025 in Lok Sabha, aiming to replace the 64-year-old l ...

New Income Tax Bill 2025 aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, ...

Income Tax payers can now match the sections of the I-Tax Act, 1961, with the corresponding clauses in the simplified I-T Bill, 2025, on the tax department portal. Also, Section to Section mapping ...

Amid the new Income Tax Bill 2025, we answer most FAQs on tax slabs, old vs. new regime, the new income tax rules, exemption ...

The income tax return filing deadlines, income tax slabs, and capital gains taxations remain unchanged, as outlined in Budget ...

The decision to review the Income Tax Act of 1961 was initially announced by FM Sitharaman during her Budget Speech on July 23, 2024. The objective is to streamline the Income Tax Act, making it ...

Finance Minister Nirmala Sitharaman tabled the new income tax bill - which is expected to cut through the jargon in the 1961 Income Tax Act and make it easier to understand - in Parliament on ...