The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

The Union Cabinet approved a new Income Tax Bill to modernize and simplify India's tax system, replacing the 1961 Act. The ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

In a significant move to modernize India’s tax framework, the Union Cabinet has approved the new Income Tax Bill 2025, set to replace the existing Income Tax Act of 1961. This initiative aims to ...

India's tax policy has evolved significantly since the 1970s, when Prime Minister Indira Gandhi's government imposed a 97.5% ...

Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...

The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...

India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...

The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid ...

In Budget 2025, the central government has given great relief to the salaried people by changing the new tax system. This ...

Nitin Gadkari's remarks came days after Finance Minister Nirmala Sitharaman provided the biggest-ever tax break to the middle ...

The main objective of the bill is to streamline and modernise India's tax system by simplifying legal language to ensure that ...