The new tax regime was first introduced in Union Budget 2020-21 by inserting a new section, 115BAC, in the Income Tax Act for individuals and Hindu Undivided Families (HUFs).

Different capital assets — such as listed shares, mutual funds, tax-free bonds, debentures, unlisted shares, and real estate ...

SLEW OF DIRECT TAX REFORMS PROPOSED IN UNION BUDGET 2025-26 TO ACHIEVE GOOD GOVERNANCE Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Union Budget 2025-26, in ...

Debt mutual ... "Since the government has already announced plans to revamp the Income Tax Act, it is likely that the old tax regime may be phased out for good in the new scheme of things.

Ahead of Union budget, the $800 billion mutual funds industry has urged the government to introduce a more favourable dispensation of taxation ... of tax treatment for debt fund schemes in India ...

In Budget 2024, one of the key proposals was the reintroduction of indexation benefits, which had been withdrawn the previous year. The industry is now hopeful for similar tax reforms in Budget 2025, ...

Unfortunately, this benefit is not applicable in the new tax regime ... no clarity by the government on the tax saving opportunities in the Vatsalya scheme. Enhanced taxation policies combined ...

Income tax payers have a list of demands, including a 30 percent tax slab applicable only to those earning above Rs 20 lakh, ...

Finance minister Nirmala Sitaraman promised to continue efforts to simplify taxes, improve tax payer services, provide tax ...