The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax ...

Finance minister Nirmala Sitharaman on Saturday announced a significant change in income tax policy during the Union Budget ...

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In order to make the Income Tax Act 1961 more concise and simpler the government is introducing a new income tax bill.

The Internal Revenue Service expects 140 million people to file tax year 2024 returns ahead of the April 15 deadline. More ...

The much-awaited New Income Tax Bill 2025 is likely to get Cabinet approval today, February 7. The Cabinet meeting is scheduled for this evening. However, more importantly, the new bill may ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...