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The 63-year-old Income Tax Act is about to end, know how different the new bill will be from the old one
The new Income Tax Bill will be made keeping in mind India's changing economy, the digital age and the needs of the taxpayers ...
Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...
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New Income Tax Bill: Get ready for these big changes, income tax law is going to change after 60 years..
Union Finance Minister Nirmala Sitharaman presented the budget on February 1. During this time she has made many big ...
The Financial Express2d
Size of Income Tax-Act to reduce by half in new Bill: CBDT chief
Ultimately, India should get a fair share of tax revenue (from overseas digital firms accessing Indian market), which we are ...
Deccan Herald22h
Amendments to Income Tax Act will make no policy shift
To a question if any incentives is being considered for the private players in the healthcare sector, K Balasubramanian, ...
The American Spectator18h
A Flat Income Tax Removes the Need for the IRS
A flat tax would reduce the IRS' workload, allowing for tax collection with only a fraction of the current 100,000 IRS ...
What Is the Tax Cuts and Jobs Act (TCJA)?
Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.
Govt creating new Income Tax Act for tech-driven taxpayers, scrapping convoluted older law
After providing a big relief to the Indian middle class in the Union Budget 2025-26, the government is all set to present a ...
What Is Direct Tax Code And How It Is Different From Income Tax Act?
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon. Finance Minister ...
Center on Budget and Policy Priorities6h
2025 Budget Stakes: High-Income Tax Cuts, Price-Hiking Tariffs Would Harm Families
High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...
Tax Guru1d
Proposed Amendments to Penalty Provisions in Income Tax Act
The Finance Bill, 2025, introduces significant changes to penalty provisions under the Income Tax Act. Sections 271C, 271CA, 271D, 271DA, 271DB, and 271E will now allow penalties to be imposed by the ...
Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced ...