The BIR will assess total collections from online sellers after the April 15 income tax filing deadline. “Diyan natin makikita kung ano ang magiging ultimate compliance ng mga online sellers,” Lumagui ...

As to election-related expenditures, BIR circulars 38-2018, 31-2019, and 22-2022, provide that income payments made by candidates and parties on their purchases shall be subject to 5% creditable ...

Finance minister Nirmala Sitharaman on Thursday tabled the new Income Tax Bill 2025 in the Lok Sabha and proposed a review by a select committee of the lower house, signalling the government’s ...

Income Tax Bill 2025: Finance Minister Nirmala Sitharaman tabled the new direct tax code or the Income Tax Bill 2025 in Lok Sabha on Thursday. The Income Tax Bill, 2025, will now be referred to ...

The Bill continues to reference certain definitions from the Income-tax Act, 1961, and there are many cross-references between tables, which could make the reading slight cumbersome, says Sunil ...

Finance Minister Nirmala Sitharaman will table the new Income Tax Bill 2025 in the Lok Sabha today likely at 2:00 pm. Simultaneously in Rajya Sabha, the discussions will be resumed on the JPC ...

The Central government is preparing to present a streamlined Income Tax bill to replace the Income Tax Act of 1961 in the Lok Sabha on Thursday. Upon approval, the new legislation is anticipated ...

Finance minister Nirmala Sitharaman on Thursday introduced Income Tax Bill, 2025, in the Lok Sabha, seeking a comprehensive overhaul of India’s tax laws. She urged Speaker Om Birla to refer the bill ...

THE Court of Tax Appeals (CTA) has junked the plea of the Bureau of Internal Revenue (BIR) to reverse its 2022 ... the CTA held that the said deficiency income tax assessment lacks sufficient ...

The simplified Income ... LLP M&A Tax Partner Sandeep Jhunjhunwala said in the new bill all TDS related sections have been brought together under a single clause with simple tables, for ease ...

The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, and provide more clarity on various tax-related matters. The Tribune ...

Gatchalian has filed a resolution seeking an inquiry into a requirement by the Bureau of Internal Revenue (BIR) that Gatchalian said imperils the tax exemption privileges of cooperatives.